Until the 19th century, Christmas gifts were not exchanged until Jan. 6. Christians would celebrate the gifts of the Magi to the Christ child. That was long before PlayStations, Black Friday sales and holiday spikes in airfare. Despite all the reminders of the reason for the season, the giving and gathering can be followed by months of credit card bills for many people.

 

A report finds the average household credit card debt in Georgia to be the seventh highest in the country while the state has the 19th lowest median income. Matt Goren is a financial educator and co-host of the WUGGA podcast, "Nothing Funny About Money." Goren spoke with "On Second Thought" host Virginia Prescott about budgeting and saving for the holidays."On Second Thought" host Virginia Prescott speaks with Matt Goren.

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Tags: saving  budgeting  Matt Goren  Credit Card debt  Nothing Funny About Money  consumerism  Christmas debt  Christmas shopping  shopping  Atlanta