Assistant Professor of finance Yuka Nishikawa, Ph.D. offered tips to avoid breaking the bank during the holiday season.

“How much can I afford to spend for the holidays without hurting my financial health (i.e., without increasing my debt)? Not many people would prefer to receive a gift or be invited to a party if they knew you were doing it by hurting yourself,” explains Nishikawa.

Read Nishikawa’s insights on MoneyGeek