How to Take Control of Your Holiday Debt, According to Dave Ramsey

According to a new survey from Talker Research, the average American will spend more than $2,000 this holiday season, contributing to significant financial stress and debt well into the next year.

Dave Ramsey emphasized that it takes the average American about half the year to recover from holiday spending. Many fail to plan ahead, resulting in unexpected financial burdens.

A staggering 65% of respondents reported financial stress regarding holiday expenses, with 73% indicating this stress diminishes their enjoyment of the season. Planning ahead is crucial.

Ramsey advises that saving early can alleviate financial stress during the holidays. Setting up a dedicated savings account for holiday expenses can help spread costs throughout the year.

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