Media Release

Christmas cutback: How 14 million Aussies will save on gifts

    • 51% will set a gift-giving budget
    • 15% won’t buy presents at all
    • Saving tips for the festive season

29 October, 2018, Sydney, Australia – From bulk buying to DIY gifts, millions of Australians are tightening the purse strings this Christmas according to new research from finder.com.au, the site that compares virtually everything.

The survey of 2,013 people reveals that 76% of Aussies — equivalent to 14 million people — are looking at ways to cut costs this festive season.

Half of the respondents (51%) are committing to a spending limit for gifts while 17% are doing Secret Santa to minimise the number of people to buy for.

Bessie Hassan, Money Expert at finder.com.au said Christmas doesn’t come cheap.

“It can drain your bank account and leave you regretting it for months,” she said.

”Aussies are nervous about the usual bumper Christmas spending boom and are getting creative with ways to save money.”

Some will make or bake their own gifts (17%) to minimise the cost, and 13% will regift their unwanted presents instead of forking out for new ones.

Hassan said it’s a good idea to devote some time on budgeting and to shop during sales.

“In 2018, you shouldn’t pay full price for anything, and the good news is there are plenty of sales between now and Christmas.”

“Mark the big sale days in your calendar and shop then. There’s Single’s Day on November 11 and Black Friday on November 23, so there’s no excuse to be a Grinch.”

Some Aussies will skip gifts altogether with 15% saying they won’t buy presents at all.

Ways to save money this Christmas
Setting a spend limit for each person 51%
Buying wrapping paper/cards in bulk 18%
Making or baking gifts 17%
Doing Kris-Kringle/Secret Santa 17%
Avoid buying presents altogether 15%
Regifting 13%

Tips to save money this Christmas

  • Think ahead: Go shopping during the Black Friday period to take advantage of pre-Christmas sales. Sales usually bleed into the weekend for Cyber Monday
  • Compare any offers you find with those available online as you may find there is a cheaper price
  • Divy up the Christmas meal between the family so the cost can be spread out evenly
  • Give gifts of time: Look at how you could help a family member instead of buying them yet another gift

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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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