Holiday Budgeting and Shopping Tips Quiz

Why is it important to set a budget during the holiday season?

• To impress your friends and family

• To spend all your savings

• To avoid financial strain and debt

• To ensure you buy the most expensive gifts

What is a recommended strategy to avoid impulse purchases?

• Shop without a list

• Buy items as soon as you see them

• Make a list and stick to it

• Ignore sales and discounts

How can you make holiday gifts more meaningful without spending much?

• Buy the most expensive items

• Give homemade gifts or experiences

• Avoid giving any gifts

• Purchase only from luxury brands

What should you do if your holiday budget is tighter this year?

• Avoid celebrating the holidays

• Spend more to compensate

• Keep it a secret from family and friends

• Be upfront and suggest lower-cost options

What is the true spirit of the holidays according to the video?

• Competing with others

• Connection and gratitude

• Spending as much as possible

• Buying the latest gadgets