The best budgeting practices for this holiday season

New BMO data reveals that the average American expects to spend $550 on gifts this holiday season, with 37% planning to purchase fewer presents to cut costs. Wealth host Brad Smith examines insights from past Yahoo Finance guests, highlighting their expert advice on budgeting and mindful spending during the holidays.

With Christmas Day just one week away and shoppers still checking their lists twice, listen to the best holiday savings strategies from Bank of America head of consumer products Mary Hines Droesch, Peters Tax Preparation & Consulting Founder David Peters, and Break Your Budget founder Michela Allocca.

To watch more expert insights and analysis on the latest market action, check out more Wealth here.

This post was written by Angel Smith