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By Lisa Lee Freeman and Tom Vollkommer
December 22, 2015

The countdown has begun.

With the clock ticking, Lisa Lee Freeman, shopping and consumer expert, ventured to New York City’s Herald Square to find out how people are doing with their holiday shopping.

“I’m done. I’m done and I’m wrapped!”someone exclaimed.

Conversely, some have barely scraped the surface. “I’ve barely started,” said another.

It was roughly an even split between people who have and have not signed up for store credit cards. Those who signed up did so for the added discounts and deals, while those who refrained did so to avoid the interest rates.

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

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