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Talk to your spouse (and friends and family) first

Make sure you have "the talk." Not only do many couples experience anxiety over the holidays, many partners also lie to each other about how much they've spent or plan to spend.

More than half of married couples reported paying with cash to cover up a large purchase, and more than one in 10 has taken out a credit card in their own name to conceal spending, according to a new survey by McGraw-Hill Federal Credit Union, one of the nation's leading credit unions.

Discuss your budget. If you're not married but give big gifts to family members and close friends, you may need to have a talk with them, too. Figure out how much can you spend while paying all of your living expenses and contributing to savings accounts. Don't rack up credit card debt to pay for gifts.

Photo: Image Source | Getty Images