Your first thought is probably all the Christmas shopping we do, but surprisingly, that’s NOT the real reason! A new survey finds we’re busting our budgets because we’re spending too much money on ourselves! GUILTY!!
This year, Americans plan to spend on average $426 on gifts for others – but that’s less than half of their total holiday spending. Woah! But, the rest isn’t just going to gifts for you. We’re also spending hundreds of dollars on things like holiday decorations and entertaining. That breaks down to $140 left to spend on gifts for ourselves. And, while we all know Christmas is an expensive time of year, the survey also found most Americans don’t have a specific budget for holiday spending, which probably explains why some of us can get into trouble!