Survey shows two-thirds of people worry about holiday spending this year

A recent survey by Thrivent reveals that two-thirds of respondents are worried about managing holiday expenses this year. Many people expect to spend and borrow more than they would like, leading to financial stress. Experian's data shows that nearly 66% of people feel they overspend during the holidays. Despite this, only 27% of shoppers have set a strict budget for their gift spending. To help manage holiday costs, experts suggest five steps: create a budget, make a list, check it twice, practice creative generosity, and stick to the budget. Creative generosity emphasizes thoughtful gifts that require time rather than money.