The holiday season has officially begun which means we’re all going to be spending a little more over the next month — on food, on travel, and on gifts. How can you prepare for or lessen the holiday dent on your wallet?  

Marketplace’s senior producer of personal finance, Paddy Hirsch, shares tips for defining your budget, sticking to it, and avoiding the most common budget-busting pitfalls. Hint: When buying gifts for others, do not shop for yourself.