Staying Out of Debt During the Holidays

Holiday shopping can be fun, but it can also come with a huge price tag, one that may leave you in shock.

Money experts say one of the main reasons why people spend more than they can afford during the holidays is because they use credit cards. Shoppers who use cash or their debit cards tend to set limits.

Michael Bass, an investment representative in New Bern, says you can avoid holiday debt by doing one simple thing, open an account specifically designated for holiday money. Bass says while these accounts don't generate much interest, at least you'll have your holiday spending money.