Your Dollars & Sense: Holiday spending expected to grow this year
NORTH TEXAS (CBSNewsTexas.com) — The holiday season is upon us. But while it's supposed to be the most wonderful time of the year, between decorating your home and shopping for presents, this can be an expensive time of year for a lot of people.
One in four people are still paying off holiday debt from last year, according to WalletHub. Even so, the personal finance company projects holiday sales are expected to increase 3% - 4% this year.
WalletHub recently released a report using different metrics to estimate the maximum holiday spending amount for consumers in 550 cities across the county. Here's a look at where some North Texas cities ranked:
3. Frisco - $3,546
5. Flower Mound - $3,485
22. Allen - $2.964
30. Plano - $2,566
145. Denton - $1,529
152. Arlington - $1,502
356. Fort Worth - $1,013
409. Dallas - $934
Watch the video at the top of the page for some tips to save this holiday season.
Every week, CBS News Texas anchor Keith Russell tackles a personal finance segment in his segment Your Dollars & Sense. Watch it every Wednesday on CBS News Texas at 7 p.m. on TXA 21.
Here are some topics Keith has recently covered:
