There’s also more than $727 million in spending added by the Legislature — commonly known as pork or Christmas tree spending — to the governor's proposed budget.

Personal finance expert at NerdWallet UK, Amy Knight, shares tips to help budget and save for the festive season.

Stewart suggests including items like gifts for graduations and baby showers, along with the target spending amount, in your summer budget. Otherwise, she says, it’s easy to overspend by accident.

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