If you’re like many shoppers, you plan to spend nearly $900 to celebrate the holiday season this year. Consumers are looking to spend $890.49 per person on average on gifts, food and other seasonal items, according the National Retail Federation. It’s the second-highest amount in the survey’s 23-year history.
Now is a good time to start planning your budget for your holiday shopping. “Don’t wait until December to start thinking about holiday shopping — start now and make it easier on yourself when December rolls around,” said Annie Cole, Ed.D., money coach and founder of Money Essentials for Women. “Even the smallest budgeting shifts can make a huge difference in helping you save up for holiday shopping.”
