NRF: Holiday sales projected to increase 3-4% for retailers over last year

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FLINT (WJRT) - (10/22/17) - The National Retail Federation is predicting a 3 to 4 percent increase in holiday sales this year over last year, according to a press release.

"The thing that gets me is the sales, and you think that you're saving, but you're actually spending a little bit more because you're allowed more items," said avid shopper Camille Douglas.

Douglas loves to shop so much that, in a bet with her friends, she can't buy anything for herself until Black Friday.

"If I end up spending on a good that's more of a want rather than a need, then I'll be donating five of my own items to a local charity or a cash donation," she said.

Financial expert Michael Foguth says it's important for shoppers to be cognizant of spending habits.

"They know that you're not only going to be shopping for someone else but you're going to be picking up those things for yourself. It's like anything in life, if you have a plan going into it, you're going to be better off," Foguth said.

And that plan, Foguth says is key to maintaining your financial well being.

"It's not by mistake, they're spending millions and millions of dollars to study what people are doing -- their shopping patterns," he said.

Making a list of who you will buy for and setting a budget are also good things to do when prioritizing holiday spending.

"Pay attention to the deals that are out there because you can save a lot of money on those items if you get on it early -- if you wait until the last minute, what's going to happen? You're going to be forced to pay whatever the price is at that point in time because you don't have any time left," he said.

To read the full National Retail Federation article, click on the 'related links' section on the right side of this page.

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