BATON ROUGE, La. (BRPROUD) — It is almost Black Friday, an event commonly known as a time to ‘shop until you drop.’

But before you head to stores, BRProud’s Jessica Knox has some tips on how to make sure your family has a great Christmas while on a budget during inflation.

According to the National Retail Federation, you will be paying five percent more this holiday season for gifts for the family.

Wealth Advisor, Austin Delery says before you start spending, it’s best to have a plan.

“If parents can kind of do a little planning, set a budget beforehand, that will really help them as far as making sure we’re all having a great holiday season,” Delery said.

Delery believes that based on your budget, parents should only be spending $100 to $300 per child.

This budget would cover costs associated with making sure they have something they want, something they need, and something to wear.

Another way to stay on budget is to use the internet to your advantage.

“I think if you just do a lot of good research on the back end, you’ll be able to stay on budget for the gift, because we do have a couple of weeks before the holiday season… (and have time) to really compare and contrast what’s going to be that best toy, what’s that best rating out there,” Delery added.

Inerestingly, he does not recommend getting all your gifts during Black Friday or Cyber Monday.

Delery said the best deals can be found at the big department and online stores.

He suggested, “Having a plan beforehand, kind of setting a budget and staggering out. This (sort of) purchasing can really help you in the long run.”