Poll indicates people will reduce spending this holiday shopping season

Another survey has been released which suggests that many Americans will likely spend less on holiday shopping this year.

The survey, conducted by CouponCabin.com, found that more than one third of respondents – 36 percent – said they anticipated their holiday gift budgets would be smaller this year, with 50 percent saying their spending will likely mirror last year. Just 12 percent said they would be spending more.

When it comes to how much consumers expect to spend, 38 percent said they will not go over $500, while 23 percent said they will likely spend between $500 and $999.

Jackie Warrick, president and chief savings officer at CouponCabin.com, said many people are getting a jump on their holiday shopping by taking advantage of discounts.

"Shoppers across the country are taking note of their holiday budgets and shopping early this year," said Warrick. Even if you haven't written your list and checked it twice yet, there's still plenty of time to save using a variety of different tactics."

One way consumers can avoid borrowing at a high rate of interest is by reviewing their credit histories. Improper notations can cause credit scores to drop, making low credit card interest rates unavailable to some.