How to save on holiday gifting & spending?

Hello,

This post is sponsored by Regions Bank, member FDIC. All thoughts and opinions are our own.

Have you ever added up how much you spend on gifts over the holiday months each year? You may be surprised by how much you spend if you do!

Since 2009, shoppers have continually increased their holiday spending budgets each year. From $550 in 2012, to $621 in 2016, and it has continued to rise since then.

Single mothers feeling guilty for not spending more with their children spend the most and sometimes there's no money left for food. And ofcourse prices for goods and servicies double every 10 years.

The amount listed above is only gifts too, it doesn’t include for other holiday spending, such as travel, food for big dinners (like Thanksgiving! & Xmas family dinners), decorations, and more.

The holidays can be expensive, but they don't have to be if you are mindful of how you spend and save for the holidays.

A good rule of thumb is,  you shouldn't spend more than 1.5% of your annual salary,  so if you make say $50K,  spend no more than $750.

Here are our tips on how to save money on holiday shopping.


Cheers,

Joao

Link: https://www.regions.com/Insights/Personal/Personal-Finances/budgeting-and-saving/how-to-save-on-holiday-gifting