In case anyone missed it, the National Bureau of Economic Research has announced that the U.S. is officially in a recession. Happy Holidays.
As we navigate the most expensive month of the year in this climate of economic uncertainty, the going can get a little rough.
The video below is an interview with Jennifer Openshaw--a MarketWatch columnist--from WSJ.com. She outlines some ideas of how to manage the holiday season in the midst of economic distress. Surprisingly, Americans are expected to spend close to $800.00 each on gifts this year, a figure higher than last year's estimate. Openshaw's advice? Cut that number in half. Then cut it in half again. Then, stick to your budget.