JONESBORO, Ark. (KAIT/Edited News Release) – With the holiday shopping season here, Arvest Bank is offering tips to help shoppers maximize their budgets.
According to a recent NerdWallet survey, holiday shoppers plan to spend an average of $1,107 for presents this season, and 74% said they plan to use credit cards for at least part of their gift shopping.
At the same time, the survey shows that 31% of shoppers who used credit cards last year still haven’t paid off their balances.
“It can be difficult to stick to budgets this time of year, which is why we tend to see a spike in credit card debt after the holidays,” said Terri Coleman, sales coordinator with Arvest Bank – North Arkansas. “Following a detailed budget and a plan to…