A new survey found 78% of us have gone over-budget on Christmas before and the average person ends up spending $218 more than they planned to. 54% of us have re-gifted something to save money. Here are the top reasons we go over-budget:
Trying to buy someone the “perfect gift.” 65% of people said they’ve overspent because they wanted a gift to be perfect.
Forgetting to include people on your list. So you end up buying extra presents you weren’t planning to buy, 57%.
Buying things for yourself while you’re shopping for other people. 49% of us have done it and ended up spending too much.
Overspending on small things, like cards, wrapping paper, and stocking stuffers, 25%. Or forgetting to factor stuff like that into your budget in the first place.
The survey also found 27% of us expect to pay off our holiday bills within a month. 14% say it’ll take three months and 7% say it’ll take at least six months to catch up.
Read more at PR Newswire.