Joaquín Gómez-Miñambres, assistant professor of economics, was featured in WalletHub’s recent piece about holiday spending. 

He responded to questions about celebrating Christmas on a budget, the biggest wastes of money, and money-saving tips for holiday travel.

“Do not fall into the trap of thinking that you will save money by buying a product that it is at a huge discount,” he says in the article. “It is irrational to consider the original price when you make a shopping decision, only the current price and how much you like/need the product is relevant. It is always a waste of money to buy something that you do not need, regardless of the discount. Remember that not buying is always at 100% off.”

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