Stressed about the cost of the holidays? How to talk to loved ones about cutting back

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Stressed about the cost of the holidays? How to talk to loved ones about cutting back
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Experts say it’s common to be stressed about money around the holidays, but talking to friends and family about your budget can remove a lot of anxiety from the holiday season

When Deidre Cross was tens of thousands of dollars in debt, the holiday season became the tipping point that sparked her journey to get out of the red.

There’s a lot of social pressure to keep up with everyone else, she said, especially during the holidays when there are a lot of event invitations and gift-giving. Often it feels like you need to match the value of someone’s gift and “it becomes this moving target every year,” she said. Cross agreed that it’s always best to be honest with people if you can’t afford to travel for the holidays, buy expensive gifts or attend every party.

“I think it’s important, especially with the people that are closer to you, to not be scared to do that,” she said.

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