How Much Will You Spend On Christmas?
The vast majority of Canadians worry about money, or rather the lack of money. If you also worry about money, then count yourself in with the 59 % of Canadians who do. One of those times of greater worry is about the Christmas budget.
Surveys are conducted every year, both before and after Christmas. The question?
How much will you spend on Christmas this year?
Let’s look at some of these survey results from 2014-2016. By examining these survey results you will be able to see how your own spending habits figure into these statistics. These results have been gathered from 2 well known Canadian Survey organizations:
- The Harris Poll –which many of you may instantly recognize
- and the Field Agent Canada smartphone app
In Canada in recent years, you, the consumer have chosen to start simplifying Christmas and your purchases. Look at these statistics:
- According to Field Agent Canada the average Christmas spending in 2014 was $946 per household
- Field Agent Canada also reported that Canadian Christmas spending for 2015 was projected to be $875 per household
- The Harris Poll released these results – $884 per household Christmas spending for 2016.
How much will households spend for Christmas 2017? How much will you spend on Christmas for 2017?
Christmas Spending Per Household
How Does Your Christmas Spending Compare?
If you have been financially secure over recent years you may have been able to spend these amounts or more for Christmas shopping. However, if like us, your income situation isn’t so rosy, you are probably spending less than these national averages. Remember with an average there are those who spend more, and of course, those of us who spend less.
Where do you and your spending fit in?
Will you spend less or more than $800 for Christmas this year?
Two ways to determine how much you are going to spend is to look at your actual finances—
- How much can you spare out of your regular budget?
- The number of people you are buying gifts for – if you missed the free printable download, get it here.
Although your food budget at Christmas can and many times does need to be increased, I haven’t really factored that in here yet. The reason for this is that even during the holidays you are still going to need to eat, therefore, you still need to buy food. The only difference is whether you are buying more because of guests, or for Christmas baking and the such.
So, if you are looking at just the amount that you can spend on total Christmas gifts, how much will you spend on Christmas?
Once you can determine a number, a goal, a destination, then you will be able to move forward with using that to its full potential. So, again, how much will you spend on Christmas?
The Buker Christmas Gift Budget
To be honest with you, Barry and I, even when our 3 children were younger, we did not have a Christmas gift budget larger than $500. That meant that $100 or less was available for gifts per person. Many years we were able to pull it off with less than $500.
Now, with just Barry and I, we spend a total of about $25 between us both. That is just to get some ministry supplies in the form of a desk calendar for Barry and a Day Planner appointment book for myself. Some years we can get one or both of these items at the dollar store. But sometimes one of these needs to be picked up at the Office Supply store making its cost higher as a result.
Many years, with our children and grandchildren spread all over the country we don’t do gifts. Both our adult children and ourselves struggle financially. We have decided that it is best to pay our basic bills rather than run into issues of utilities being cut off or eviction notices due to non payment of bills in the new year.
We choose a simpler gift Christmas and celebrate memories instead.
Do you save for Christmas throughout the year?
By saving for your Christmas gift giving throughout the entire year, you are among the 39% of Canadians that also save year round.
Some, like myself, actually start buying up the next year’s Christmas gifts starting in January. When our children were younger this worked well to start buying at the January reduced sales. Especially, when you look at standard age appropriate toys that stand the test of time. In this way, I just bought up to the next corresponding age appropriate level for the children. New toys, and drastically lowered price. An awesome deal!
Another saving throughout the year tip includes taking your estimated Christmas budget and dividing by 12 months. For instance if you are planning on spending the estimated national average of $850 divided by 12, you are left with $71 a month to save.
Can you do that? Some people find ways to make extra money that they use just for Christmas. Even an extra $20 a week income would mean $80 a month in savings.
Now the real challenge is to only spend it on Christmas and not something else.
Shopping Online Increases At Christmas
26 percent of Canadians do Christmas shopping online. Do you do Christmas shopping online? If so, what are your favorite internet shopping sites? When done correctly, shopping online can save you :
- time – you can shop 24/7 around your schedule
- money – sometimes many items are cheaper
- shipping direct to you or the gift recipient
- no crowds – shopping done in the privacy of your own home
- use Ebates and Fundscrip to help make money for you and an organization such as: Free Stuff 4 Daily Needs
Get Started Today With Free Printables
By using the following free printables, you can get started figuring out the answer to how much you will spend on Christmas. You might have your bulk number figured out such as $850, but now you need to finer tune that number.
First, you need to know the number of people you are planning to purchase for. Grab a copy of Christmas—Who Is On The Gift List?
Next, you need to start making the gift lists for those same people. Grab a copy of Christmas Gift Giving List to get you started. We will work on this in more detail in another article, but in the meantime you can get started.
So, now that you have seen what the national average of Christmas spending for Canadian families typically is, what will you spend? Will you spend more or less?
If you are looking to spend less then keep checking in here with Free Stuff 4 Daily Needs as we seek to EMPOWER you towards a HOPE and a FUTURE.