Survey: Many Gift-Buying Parents Pressured to Overspend This …

Oct 8, 2024 · Fact Checked. Holiday shopping season is upon us, and the pressure is on, or at least it feels that way for some parents. A new NerdWallet survey, conducted by The Harris …

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Why 48% Of Parents Feel Forced To Overspend On Holidays

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Oct 24, 2024 · 48% of parents with kids under 18 feel pressure to spend more money on holiday gifts than they’re comfortable with. 12% will prioritize present purchasing over paying regular …

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One-third Of Americans Enter The Holiday Season In The Red

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In an effort to save money on the holidays, nearly one-third of consumers (30%) plan to shop at discount stores, while others plan to make DIY gifts (e.g. baked goods, knitting, art) (20%), …

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Why Your Kids Should Start Making Their Holiday Wish Lists Right …

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Oct 14, 2024 · According to a survey from NerdWallet, nearly half of parents with kids under 18 feel pressure to overspend on holiday gifts, and 13% plan to use emergency savings to cover …

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FAQs about Survey: Many Gift-Buying Parents Pressured to Overspend This … Coupon?

Do parents feel pressure to spend more on holiday gifts?

A new NerdWallet survey, conducted by The Harris Poll, finds that 48% of parents with children under 18 feel pressure to spend more money on holiday gifts than they’re comfortable spending. According to NerdWallet’s annual holiday spending report, Americans are spending quite a bit more on holiday travel and gift shopping than last year. ...

Are You overspending on gifts?

A key sign that you’re overspending on gifts is if you’re buying them for every occasion. If you come from a big family, have a large circle of friends or belong to any sort of workplace or group that encourages gift-giving you might find yourself constantly being tapped to buy something. ...

How much do parents spend on Christmas gifts?

And parents plan to spend more than those who are not parents of kids under 18. Parents of minor children who plan to purchase gifts this holiday season say they’ll spend $1,070, on average, compared to $860, on average, among those who are not parents of minors. ...

Are You spending more than you can afford on gifts?

Curated social media feeds showing friends celebrating lavish birthdays or holiday parties can easily lead to a sense that you have to keep up with others in this regard. If you’re doing so by always putting gifts onto your credit cards, and not paying them off each month, you’re spending more than you can afford on gifts. ...

Should you limit your gift spending?

Emergency funds are ideally there to buffer you during hardships such as job loss, unexpected expenses and true emergencies. Limiting how much you spend on gifts doesn’t mean curbing your generosity or thoughtfulness — be creative to show the people in your life that you care about them, without putting a dent in your bank account. ...

Should you give gifts to teachers or caregivers?

This is less of a money-saving strategy and more of a planning one, but if you plan to give gifts to teachers or caregivers, make sure to factor that into your holiday spending budget. That gives you an opportunity to snap up deals when they arise and also gives you a clearer picture of how much you need to set aside for gift spending. ...