Now that Black Friday and Cyber Monday have passed, most of us have probably at least started on our holiday shopping. I have about 40% of my gifts purchased and mostly from online stores. Although I don’t have a detailed budget, I have a good idea of how much I am spending on gifts this year.
As much as car dealers and electronic stores want to make us think that big ticket gifts are standard, the statistics don’t match those messages. According to the National Retail Federation’s annual predictions,
shoppers are planning to spend an average of $791.10 this holiday
season, up from $738.11 in 2005. "As usual, most holiday
budgets will be allocated to gifts, with the average person spending $451.34 on
family, $85.60 on friends, $22.40 on coworkers, and $44.52 on other people like
clergy, teachers, and babysitters." Does this match your holiday gift budget for 2006?
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