The holidays are an expensive time. Between gifts, cards, shipping, travel and entertaining, it's easy to find yourself in debt. If you start planning now, though, you can avoid some of this money-related stress next year, advises CNBC personal finance expert Carmen Wong Ulrich. Take stock of what you're spending this year and how much you'll need for next December. Then, set aside a little bit from each paycheck in 2010 until you have enough saved up to cover next year's Christmas expenses. It takes some advance effort, but it will be worth it next year when you can enjoy the holidays without worrying about money.
Find more information on coping with the economy with our Bail Yourself Out resources.