Hanukkah

The post-holiday season is a time when many people look back at the memories that were made, and the money that was spent. According to behavioral economist Dan Ariely, many of the financial decisions made during this time and throughout the year, are based on instincts or emotions rather than value.

With the growth of popular technologies like taxi apps and mobile payments, Ariely argues people are also becoming increasingly distanced from the physical pain of spending which can be helpful for keeping unnecessary spending in check.

A picture of wrapped holiday gifts.
Queen Bee of Beverly Hills / flickr.com/photos/queenbeebh/8179594700

Retail spending is expected to jump this winter, and residents of Cary can afford the seventh-highest holiday spending budgets in the country. That's according to a report from the financial web site WalletHub. Their calculations say the average Cary resident can spend $1,948 dollars per person.