1 in 4 people say they’ll go into debt for the holidays. Is social media to blame?

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1 in 4 people say they’ll go into debt for the holidays. Is social media to blame?
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Tis the season for holiday shopping! Here are some ways to get the best Black Friday and Cyber Monday deals. You can make money while spending money if you use the right credit cards. Some offer cash back or points for spending with them. Buzz60’s Keri Lumm has more.

Americans are used to being bombarded with holiday advertising in shopping malls and TV commercials. But now, ads have infiltrated our evening scroll. Companies and influencers tell us to buy this gift or that decoration to impress our friends, get a great deal or have the best-decorated yard on the block.

“With peak shopping times like Black Friday and Cyber Monday approaching, both browsing time and spending are likely to rise as consumers shop for seasonal upgrades and holiday gifting,” says Janelle Sallenave, Chime’s chief spending officer.AdvertisingIf it seems like you’re seeing more ads than ever before, you’re probably right.

Sallenave’s advice is to balance impulse with intention. “Before buying, take a step back to evaluate if it’s something you truly need or simply a product that’s been advertised effectively,” she says. “By staying aware of these tactics, you can shop more mindfully and avoid unnecessary impulse buys.”Home & Garden Best Black Friday deals: When to shop, what to buy and what to skip Friends and influencersThe idea behind social media is in the name — it’s a platform for socializing.

Ten percent of impulse shoppers say they were influenced by social media posts from friends, family or acquaintances, and 10% also pointed to influencers, according to Bankrate data. Travel Inflation has made holiday travel more expensive for many Americans. But when we see other people posting their travels on social media — or that photo of Mom’s homemade pie — we might start browsing flight prices or mapping out that road trip, anyway.

Money tip: Use credit card rewards, search for deals for your vacation or choose to stay at home to avoid overspending this season.

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