Media Release

Christmas cracker: Aussies to spend $25 billion this festive season

    • Aussies expected to fork out $1,325 each for Christmas
    • $2.5 billion to be spent on booze alone
    • Take the reins of your Christmas spending

7 November, 2018, Sydney, Australia – Australians will spend billions on Christmas this year with presents to be the number one expense, according to new research by finder.com.au, the site that compares virtually everything.

The survey of 2,013 respondents found that Aussies plan to spend $1,325 on average this festive season, with women racking up more ($1,406) than men ($1,241).

With over 19 million adults in Australia, this means Christmas spending collectively will reach $25 billion.

Aussies plan to splash out the most on gifts, forking out $464 on presents each. We’ll also be celebrating with a couple of drinks, spending an average of $131 on alcohol or $2.5 billion collectively.

Kate Browne, Personal Finance Expert at finder.com.au said that with only 6 weeks to go till Christmas, the spending season has well and truly begun.

“Christmas is a notoriously expensive time of year but just because it’s the silly season doesn’t mean you should throw all financial sense out the window.”

“Don’t get caught financing the spending flurry with a credit card unless you plan to pay it off in full before charges apply,” she said.

When it comes to Christmas travel, Aussies are allotting $444 for holidays. Over $1 billion will be spent collectively on decorations this Christmas, as Aussies deck the halls.

“It might seem too early to even start thinking about Christmas but if you start your shopping now you can make the most of all the sales in the lead up to Christmas, such as Black Friday and Click Frenzy.”

“Consider switching to a 0% purchase credit card. Any purchases you make during the festive season won’t accrue any interest for as long as 14 months.”

Western Australians are the biggest spenders this Christmas, expecting to spend an average of $1,416.

For more figures, please visit our Christmas Spending hub:
https://www.finder.com.au/christmas-spending-statistics-2018



Expense Average spend per person National total
Presents $464 $8.8 billion
Travel $444 $8.4 billion
Alcohol $131 $2.5 billion
Christmas meal $122 $2.3 billion
Decorations $61 $1.1 billion
Charity donations $60 $1.1 billion
Hampers $42 $797 million

source: finder.com.au survey of 2,013 Australians conducted in October 2018.


State Christmas spend per person
NSW $1,301
QLD $1,275
SA $1,250
VIC $1,304
WA $1,416

source: finder.com.au survey of 2,013 Australians conducted in October 2018.



Take the reins of your Christmas spending

            • Make a list and stick to it Figure out who you have to buy for, stick to a budget and don’t overspend. It’s easy to get swept up in the festivities, but you don’t want to end up regretting it later.
            • Consider a 0% purchase credit card % purchase cards can be handy at this time of year. You can do your Christmas shopping with no interest payable for up to 14 months. Just make sure you pay it off before then.
            • Shop the sales There’s still Click Frenzy, Black Friday and Cyber Monday before December rolls around. Do your Christmas shopping during these sales to pick up some bargains.

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For further information

Disclaimer

The information in this release is accurate as of the date published, but rates, fees and other product features may have changed. Please see updated product information on finder.com.au's review pages for the current correct values.

About us

More than 3 million Australians turn to finder.com.au every month to save money, time and make important life choices. We compare virtually everything from credit cards, phone plans, health insurance, travel deals and much more.

Our free service is 100% independently-owned by two Australians: Fred Schebesta and Frank Restuccia. Since launching in 2006, we’ve helped our users make more than 17 million decisions.

We continue to expand and launch around the globe, and now operate in the United States and United Kingdom. For further information visit www.finder.com.au.

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