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How much will Aussies spend on Christmas this year?
- $25 billion collectively
- $1,325 per person
Which state is spending the most?
State Christmas spend WA $1,416 VIC $1,304 NSW $1,301 QLD $1,275 SA $1,250 Which generation is spending the most?
- Gen X will be forking out the most, with the average spend at $1,396
- Baby Boomers are spending the least this Christmas, clocking in at $1,234 per person on average
What are they spending it on?
- Most of our hard-earned cash is going towards purchasing presents ($464)
- One in two (50%) Aussies will spend big on travel
- Across Australia $1 billion will be spent on Christmas decorations
- Almost half of Australia (43%) plans to donate to charity this Christmas
Who spends most on what demographic?
Bah, humbug! Baby Boomers ($37) will be spending almost half of what Gen X ($76) will be spending on charity donations, with Gen Y a close second at $61.Not only will Victorians spend the most on travel, forking out $503 over the season, they are also most likely to travel.
On average women plan to spend more on Christmas gifts than men. Splashing out $496 on their friends and family in comparison to $432.
Food and alcohol spend
- A Christmas ham will be gracing the table of over half of households this silly season (most popular food)
- Turkey is the least popular choice with only one third of households sitting down to a turkey feast
- On average Aussies will spend $131 on alcohol per person
- On average Aussies will spend $122 on food per person
How many Aussies are planning on cutting down?
14 million Aussies plan on reducing their Christmas spend this yearHow are they going to cut down?
- 51% will set a spend limit when purchasing gifts
- Over one in 10 will re-gift
- 17% will be doing Secret Santa
- Over one in eight will avoid buying presents altogether
Tips on how to save
Start a budget
It might seem like the most well-known trick in the book, but there’s a good reason for that. Setting a budget on everything from food to presents and travel is a great way to cut down costs. If you share your proposed budget with your partner or a family member you’re more likely to stick to it and avoid unnecessary spending.
Make the most of the sales
There a number of sales from now till Christmas. Drop a note in your calendar to make sure you don’t miss out on bagging a bargain.
Beware the "one click" trap
Don’t keep your credit card saved if you’re prone to impulse purchases. The more time you have to do a sense check and evaluate whether you really need what’s in your shopping cart the better.
Set a spend limit
Chat to your friends and family and set a spend limit on gifts, this way you won’t end up getting carried away and forking out more than you have. It’ll also help you avoid any gift-giving awkwardness.
