Many of us want to make the holidays special but worry about the financial strain that often comes with it. That's because the holiday season sees a big increase in spending on gifts, travel, decorations, and entertainment. There's pressure to buy gifts and make memories for family and friends, which leads to overspending. To make all that happen, it's common for people to rely on credit cards to cover their Christmas and holiday expenses, but after the holidays, many people find themselves with debt.

In an ideal world, you've been saving all year for the holidays, but if not, in this episode, I'm going to break down ways you can prepare in October to have a debt-free Christmas.