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For those of you who haven’t started with Christmas shopping, be glad to know that you are not alone, as stated in the Holiday Spending Forecast.
According to this infographic, 38% of people have already started their holiday shopping. That may not come as a shock, as the Holiday season is the time you find your bank account losing huge sums of money. Seventy-five percent plan on buying electronics, and the rest on toys, clothes, gift cards and books. What did get me was that 75% of people use Facebook to come up with their perfect gift for friends and families.
Now hold on to your seats as the most shocking fact is that this holiday season 31% of the people surveyed plan on spending more than $700. That’s what the Holiday does to your savings.