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Avoid breaking the budget this holiday shopping season

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POSTED: Thursday, November 15, 2012 - 5:15pm

UPDATED: Thursday, November 15, 2012 - 6:15pm

Every year, many people overspend during the holidays, starting off the new year in debt. The Better Business Bureau has set out a number of tips to remind people, how easy it is to spend money during the biggest sales of the year and to ensure they spend it wisely.

Mechele Mills, President and CEO of The Better Business Bureau, says last year retailers faired well with pre-holiday shopping success. She says while "Black Friday", or what she calls this year's "Black Thursday," shopping helps you save money by getting the best deals, it's very important to have a list and plan ahead.

Mills said, "The circulars that will come in the newspaper or online, you can plan out where you want to go, when you want to go, it might help you from going so crazy budget wise and in your mind!" She gave us a list of the top six things you should do, so you don't burn a hole through your wallet.

1. Make a list
2. Set a limit
3. Shop early
4. Avoid impulse purchases
5. Avoid shipping
6. Don't fall for scams especially when it comes to online shopping.

She said, "Use a credit card, don't use your debit card, cause you have that 60 day protection where you can dispute a charge and things like that." Mills says "Cyber-Monday's" popularity hit an all-time high last year and they're only expecting it to increase. Mills says since online shopping is the easiest way to blow your budget, requiring the least effort make sure you stick to your plan so you can start off 2013 debt-free.

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