Staying out of debt for the holidays - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Staying out of debt for the holidays

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"The bigger the better"... It's a cliché many of us would like to apply to the presents we give and receive during the holidays, but this year that phrase may not be practical.

"I think when individuals take a step back and look at it, you're going to find that your spending a lot of time running around doing things that you think are supposed to be done, when really they're not that important," CEO of Consumer Credit Counseling Service Laurie Tufford said.

Tufford says things such as expensive wrapping paper, bows, and pictures with Santa can all be cut out.  Layaway has also made a big comeback this year and could help significantly.

"You're actually going to spend less by using layaway," Tufford said.  "Certainly less than if you're using your charge card."

Furthermore, plan out your shopping time to avoid binge shopping later and overspending. It's an old adage that still applies today.

More tips Tufford explained include trying to shop earlier in the week rather than on the weekend. Lastly, even shopping on a full stomach will help you spend a little less when browsing the store aisles.