It’s jin­gle all the pay

Re­search shows gift-giv­ing ‘obli­ga­tion’ is blow­ing the bud­get

Sunday Territorian - - NEWS - KAREN COL­LIER

HALF of peo­ple who give Christ­mas gifts feel pres­sured to spend more than they want to, re­search has found.

But the topic of cut­ting back can be taboo, with many say­ing they have a “sense of obli­ga­tion” to hand over presents.

The ME bank re­search found nine in 10 Aus­tralians in­tend to give gifts this year.

Yet al­most half of those who take part in the tra­di­tion con­ceded they would rather give less.

Work col­leagues, ex­tended fam­ily and in-laws were those they would most pre­fer to ditch from their present lists.

Vic­to­ri­ans will spend an av­er­age $519-$621 on Christ­mas gifts this year, ac­cord­ing to sep­a­rate stud­ies by the Com­mon­wealth Bank and PayPal.

Tues­day, De­cem­ber 18, and Satur­day, De­cem­ber 22, are pre­dicted peak days for shop­ping for friends and fam­ily.

ME’s sur­vey of 1000 adults re­vealed: THREE in five think it is ac­cept­able to re-gift presents they don’t like.

THREE in five ap­prove of ask­ing fam­ily for cash in­stead of presents.

ONE in three be­lieve it is ac­cept­able to re­turn a full­price gift and re­buy it dur­ing sales.

AL­MOST one in three agree it is ac­cept­able to avoid some friends and fam­ily un­til af­ter Christ­mas so you can buy them cheaper gifts at sales.

Mother-of-two Danielle Had­drick ex­pects to splurge about $1000 on Christ­mas presents. “I just suck it up. I don’t cut out presents be­cause I am from a big fam­ily,” she said.

A nurse, she does some ex­tra shifts to get through the fes­tive spend­ing sea­son.

ME money ex­pert Matthew Read said many Aus­tra- lians could re­late to “present pain”. “If you strug­gle to pay for gifts there are things you can do,” Mr Read said.

“Con­sumers should have the courage to talk to their cir­cle about un­nec­es­sary gift giv­ing. It’s highly likely they feel the same way.”

Pic­ture: TIM CARRAFA

Danielle Had­drick with chil­dren Ry­der, 5, and Mar­ley, 8

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.