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The holiday season is expensive, which is why these frugal Christmas spending stats will help you follow suit and stay debt-free.
Within the UK, residents spend an average of about $50 on each of their parents with those who live in the north spending significantly higher. Many Brits are saving a little money this holiday season by cutting down on nights out, not exchanging gifts with colleagues, not buying premium gifts and keeping it casual with alcohol consumption. Surprisingly, 59% of those surveyed will purchase all their Christmas gifts with cash, while 39% will be relying strictly on credit to make it through the season.
For holiday meals, 77% will be opting for turkey because of the special pricing that occurs this time of year, while 12% will be having beef and 10% having some lean chicken.