The winter holidays allow families to gather devoutly around the television and watch some of the Christmas classics. But as they luxuriate in the Yuletide cheer; they may feel uneasy after having spent more than $800 per household to deck the halls and buy the kids some Tickle-Me-Elmos. But don’t despair, because there’s a silver lining: there are personal finance lessons to be extracted from your favorite Christmas flicks that can help both your bottom line strategy and your outlook. MainStreet takes you through the important take-aways from A Christmas Story, It’s a Wonderful Life, Christmas Vacation, Elf and Home Alone.
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