It’s the most wonderful time of the year and, if you’re not careful, it could be the most expensive. The day after Thanksgiving has historically been the official start of the holiday shopping season, but we’ve been seeing Black Friday deals advertised earlier each year.

Moreover, Americans are increasingly concerned about the rising costs of food, housing and health care. Throw in the longest government shutdown in U.S. history and recession-level layoffs in the private sector and money might be tight for many households this holiday season.

Personal finance columnist Michelle Singletary joins host Colby Itkowitz and explains how you can avoid overspending on gifts and holiday celebrations. Singletary gives us permission to scale back for the holidays and prioritize togetherness over consumerism.

Today’s show was produced by Charla Freeland. It was edited by Reena Flores and Ted Muldoon and mixed by Sean Carter.

Subscribe to The Washington Post here.