Shop smarter at Christmastime to save money, say financial experts

Local News
Home for the Holidays

ROCKFORD, Ill. (WTVO) — Residents looking to buy gifts for the holidays should shop smarter to save money, according to local financial experts.

They say people should budget for more than just presents, but also travel, parties and decorations.

Experts say that looking at past years could save consumers money, too.

“Most online banking systems through banking will allow you to review your previous spending for last year,” said J.T. Quillen, of Northwest Bank. “Maybe putting that into a spreadsheet and pulling it right from your online banking, separating out transactions that were for holiday spending last year and really give you a good estimate for this year.”

According to experts, paying with cash and putting aside money each month to use for gifts are other ways to keep out-of-pocket costs down during the holidays.

MORE HEADLINES:

For more local news, download the MyStateline app (iOS) or (Android) and subscribe with Alexa.

Follow us on Facebook, Twitter, YouTube and Instagram!

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest News Video

Illinois Capitol News

More Illinois Capitol News

Made in the Stateline

More Made in the Stateline

Education Matters

More Education Matters

Behind the Badge

More Behind the Badge

Stateline Strong

More Stateline Strong

Trending Stories