The National Retail Federation expected consumers to spend about $1,000 on average for gifts and holiday items.

GREENSBORO, N.C. — “This is the one time of year that people tend to overspend because you want to get presents for everybody,” Ja’Net Adams, money expert, said.

Giving and receiving gifts is one of the best parts of Christmas, but once the spirit of the season dwindles and the first of the month rolls, around many may panic seeing all those bills.

…….

Welcome to Taking Stock, a space where we can take a deep breath and try to figure out what the COVID-19 economy really means for our finances. Every month, personal finance expert Paco de Leon will answer your most difficult, emotionally charged questions about money. This year has forced many of us to reprioritize our finances, and there’s no clear road map for getting through the pandemic yet — but Taking Stock is here to help us figure it out together.

Last time, we talked about whether it’s ever justified to spend half your paycheck on rent. This week, we asked Refinery29 r…….

New Hampshire parents and others gather outside of Sen. Maggie Hassan’s Manchester office on Sept, 14, 2021..

Scott Eisen | Getty Images Entertainment | Getty Images

Democrats on Capitol Hill will face a big task when they regroup in the new year — finding common ground on the Build Back Better legislation.

One key question leaders will address in the negotiations is whether to extend the enhanced child tax credit — which was temporarily increased to $3,000-to-$3,600 per child as part of Covid-19 relief enacted earlier this year.

“It seems like the child tax cred…….

Author Kelley Keehn, in Toronto, on Nov. 13, 2019.Christopher Katsarov/The Globe and Mail

Note: This is the last Carrick on Money newsletter for 2021. Have a happy holiday and stay safe. The newsletter returns on Jan. 4 to begin what I think will be another epic year in personal finance.

I remember interviewing Kelley Keehn about her first personal finance book and being struck by her mention of the cost burden of diapers if you’re a new parent. Female personal finance…….

The Federal Reserve’s preferred inflation gauge, the so-called PCE price index, vaulted again in November, this time hitting its highest level in nearly four decades and delivering a fresh data point reinforcing the persistence of inflationary pressures.

The Commerce Department reported on Dec. 23 that the headline Personal Consumption Expenditures (PCE) price index rose by 5.7 percent in the 12 months through November. That’s a higher pace of inflation than the 5.1 percent logged in October, which was the highest since 1990, and nearly three times higher than the …….

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own.

Debt consolidation lets you roll several high-interests debts into one manageable payment. Find out whether it hurts your credit. (iStock)

If you want to lower — or simplify — your monthly debt payments, debt consolidation may be right for you. It can help you organize your finances…….

When you buy through our links, Insider may earn an affiliate commission. Learn more.

I like to enter every January with clear goals and an actionable strategy, so one of the things I want to do before the year ends is map out a future plan for my finances. 

While there’s a lot of financial advice out there, I wondered if there was anything that I should remember to avoid at the start of 2022. So, I asked four financial advisors to share bad advice they often tell their clients to ignore.

1. Thinking of your h…….

Save money, spending less and slashing debt are the cornerstones of a financial-themed resolution.

CatLane/Getty Images/iStockphoto

Did you spend too much this holiday season? If the sight of your credit card balance is scarier than political chatter at the Christmas dinner table or Aunt Sue’s mysterious homemade fruitcake, take a breath.

As we approach the end of another year, the calendar shift is a fine time to freshly assess finances, which is probably why money-related New Year’s resolutions are among the most popular annual pledges.

Nearly two-thirds of …….

Save money, spending less and slashing debt are the cornerstones of a financial-themed resolution.

CatLane/Getty Images/iStockphoto

Did you spend too much this holiday season? If the sight of your credit card balance is scarier than political chatter at the Christmas dinner table or Aunt Sue’s mysterious homemade fruitcake, take a breath.

As we approach the end of another year, the calendar shift is a fine time to freshly assess finances, which is probably why money-related New Year’s resolutions are among the most popular annual pledges.

Nearly two-thirds of …….

Host Teri Barr talks with Sally French, a Travel Expert for NerdWallet, to learn why it’s important not to be a Scrooge as you travel this holiday season. Sally shares some great tried-and-true tips, along with a few new tricks to help you stress less during your holiday travels (or anytime). You can read more at NerdWallet: “How to Be a 5-Star Traveler This Holiday Season” See omnystudio.com/listener for privacy information.

Source: <a rel="nofollow" href="https://dailyprogress.com/business/investment/personal-finance/worr…….