NewsLocal News

Actions

Top financial mistakes most people make during the holidays

Posted at 7:23 AM, Nov 18, 2019
and last updated 2019-11-18 08:23:09-05

GLENDALE -- A survey reveals the stunning financial mistakes most people make during the holidays.

Personal finance comparison site MyBankTracker.com conducted the study with 1,000 people age 18 to 64-years-old last month.

They found nearly 70% of people in the study admitted to making a big financial mistake during the holidays. The biggest mistake was shopping at the last minute.

More than 10% of shoppers say holiday shopping was the biggest reason they take on more debt each year.

On the bright side, about 31% of people who took the survey say they have no holiday-related money issues.