Canadians try to control holiday spending — by regifting
Posted December 11, 2013 8:57 am.
This article is more than 5 years old.
VANCOUVER (NEWS1130) – How’s that holiday spending?
A new survey finds one in four Canadians feels helpless when it comes to controlling costs at Christmas, even those who work hard to come up with a realistic budget.
Maybe that’s why almost as many people asked say they resort to regifting to try to save a little money at Christmas.
The survey for Investors Group does suggest we get a lot out of giving.
Six-in-ten Canadians say they are not concerned with overspending during the holidays because it feels good to give gifts and three-quarters say they enjoy the holidays and are not worried about the cost.
On the other hand, 31 per cent are concerned by their excessiveness and 18 per cent say they don’t enjoy the holiday season because of their worry over the financial outlay.
To save money, 17 per cent of Canadians say they will re-gift presents. That number jumps to 22 per cent in BC.
Twenty per cent of respondents surveyed said they purchase gently-used or second hand holiday gifts.
Forty-four per cent save some of their gift-giving and shopping for after the holidays to take advantage of sales.
Merry Orthodox Christmas?
