GRAND RAPIDS, (WZZM) -- GreenPath's Credit Counselor, Nicholas Danner, sees the direct result of overspending. Every holiday, debt counselors at GreenPath see their business go upby twenty percent.

Danner says, "Around the beginning of the year, after the holidays, that tends to be a busy time for us."

This year, Danner is giving usholiday spending tips.

1.) Set a budget at a small percent of your total income. No more than 15 to 20 percent of your take homepay.

2.) If you've already overspent,reassess what you've bought.

Danner says, "Use the approach that ifI return one gift, maybeI can buy five more gifts for peopleI really wanted to buy for as well."

3.)Do a gift exchange with family.

Danner says, "That way people are more satisfied. They get a more substanial gift than something small."

4.) Consider crossing the older people off your list.

Danner says, "The older peoplea lot of times have everything they need already. So a lot of times a gift of time means more than a gift of monetary value."

5.) Last, but not least, people who get paid biweekly should use the extra check they get in November.

Follow these tips and you may find yourself not needing a debt reduction plan come this new year.