VIDEO: Tips to avoid overspending this holiday season

It’s easy to get swept up in the holiday spirit and find yourself in debt in the new year.

The holiday season comes every year and so too the warnings of overspending, but the consequences of a financial hangover this year are growing compared with just a few years ago.

READ MORE: ‘Bait and switch’ warning ahead of Black Friday, Cyber Monday

As the Bank of Canada continues to raise its key interest rate target, the cost to borrow using variable-rate loans like home-equity lines of credit has climbed higher and is expected to continue to rise next year.

TD Canada Trust’s Jennifer Auld shares things to consider when managing your holiday spending.

The Canadian Press

Like us on Facebook and follow us on Twitter

Just Posted

City of Wetaskiwin fire chief no longer employed there

Leigh Sawicki was director of emergency services for five years

Wetaskiwin Icemen, The Brick team up for ‘bears’

‘Bear Toss’ for The Stollery Children’s Hospital

Traffic circles: good or bad?

Some say traffic in Alberta doesn’t justify cost of traffic circles

Town of Millet hires new Manager of Enforcement Services

Mitch Newton has over decade of experience in enforcement field

WATCH: CP Holiday Train rolls into Lacombe

Kelly Prescott performed for hundreds of Central Albertans

France shooting: 2 dead, several wounded in Strasbourg

A world-famous Christmas market was put on lock down on Tuesday

Canadian warship witnesses possible violations of North Korea sanctions

Crew members on HMCS Calgary took photos and collected other information

Christine Sinclair named Canadian Women’s player of the year again

This is the 14th time Sinclair has been named player of the year

No flood of extremist returnees to Canada expected, federal report says

The report says some 190 people with connections to Canada are suspected of terrorist activity abroad

Canadian physicist who won Nobel Prize touts science for the sake of science

Donna Strickland, 59, said securing the field’s highest honour has given her a significant new platform

Climate change, receding glaciers increase landslide risk on B.C.’s Mount Meager

Climate change is causing glaciers atop Mount Meager, in British Columbia, to shrink increasing the chances of landslides and even a new eruption, says one expert.

Most Read