More Americans are looking to avoid credit card debt during the holidays.

Seeing debt rise during the latter part of the year is something that many individuals worry about. Trying to avoid this at all costs may be a good idea, and the trend could be getting more popular.

More than 60 percent of Americans noted that they will purchase items during the holiday shopping season with either debit cards, cash or check, according to a report from Country Financial. Less than 30 percent of those polled noted that credit was something they would utilize.

“As Americans gear up for the holiday shopping season this year, it’s encouraging to see they seem to be considering the bigger financial effects of their spending – a sign that Americans may be putting lessons learned from the recent economic downturn and prolonged recovery into practice,” said Joe Buhrmann, manager of financial security support at Country Financial. “To keep your spending in check, using cash – whether it’s dollar bills, checks or debit cards – for holiday purchases is a great way to avoid taking on debt.”

Approximately 55 percent of those polled explained that they do not plan on accruing any debt this holiday season, the report noted. However, more than one-quarter explained they would keep it to less than $500, while another 15 percent felt they would allow this to rise to more than $500.

The figures are still not in-line with the 22 percent of Americans who have four credit cards or more, as well as the 18 percent who do not own one, the report noted.

Spending lessens for some Americans
While spending money smartly during the holiday season may be a good idea for some financial strategies, there also could be a dip in the level of shopping overall.

Close to 75 percent of Americans are slowing their spending output, according to a report from Bankrate.com. The main reason for this was a lack of sufficient income, with 32 percent explaining this situation. Another 24 percent stressed that saving money was more important, but 27 percent of Americans do not plan to slow their spending.

However, younger people may be in a better position than those who are nearing retirement. The repot added that all age groups feel money tightness more now than a year ago, but those between the ages of 50 and 64 are typically more worried about savings levels.

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