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

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Regional District of Okanagan-Similkameen seeks input about proposed composting facility

Organics composting facility proposed for Campbell Mountain Landfill

Netflix star Francesca Farago seen hanging in the Okanagan

Farago got her big break as a reality TV star in Netflix’s ‘Too Hot to Handle’ in 2020

Morning Start: Canada Has a Completely Indoor Town

Your morning start for Tuesday Sept. 29, 2020

Nine new COVID-19 cases announced in Interior Health region

The total number of cases since the pandemic started is now at 531 for the region

Mystery solved on who put up Mount Kobau blockade

Land owner says trespassing with quads and motorcycles threatens wildlife and old growth trees

105 new COVID-19 cases, 1 death as health officials urge B.C. to remember safety protocols

There are currently 1268 active cases, with 3,337 people under public health monitoring

U.S. Presidential Debate Takeaways: An acrid tone from the opening minute

Here are key takeaways from the first of three scheduled presidential debates before Election Day on Nov. 3

Peachland resident finds severed bear paw on driveway

Tracie Gordon thought it was a Halloween prank, but it turned out to be a real bear paw

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

B.C. nurses report rise in depression, anxiety, exhaustion due to pandemic

A new UBC study looks into how the COVID-19 response has impacted frontline nurses

National child-care plan could help Canada rebound from COVID-induced economic crisis: prof

A $2 billion investment this year could help parents during second wave of pandemic

Search suspended for Indigenous elder last seen mushroom picking in northwest B.C.

Mushroom picker Thomas (Tommy) Dennis has been missing since Sept. 16

16 MLAs retiring from B.C. politics add up to $20M in pensions: Taxpayers Federation

Taxpayers pay $4 for every dollar MLAs contribute to their pensions

‘Bonnie’ and ‘Henry’ among latest litter of service dog puppies

B.C. Alberta Guide Dogs names two pups after provincial health officer

Most Read