The Daily Money 12-1-20

It's Tuesday, Daily Money readers. It's also the first day of December, which means 25 more days until Christmas and 31 more days until 2020 is finally over.

Let's check out today's headlines in Money and Tech.

We begin with your 401(k). Fidelity found the average amount participants invested in a "defined contribution" account was $7,270 over the 12-month period ending in September. If you fall below the average, you can take steps to boost your savings.

Most of us have been busy scouring online retailers for holiday gifts and deals. But before you splurge, watch out for these seasonal pitfalls.

Finally, President-elect Joe Biden is expected to unveil his economic team today. They face a challenging road ahead.

Scroll down for more Money and Tech news, and thanks for reading.

Brett Molina, Money/Tech editor