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How much money you should give at Christmas so as not to be a 'authentic stingy'

By hollisterclothingoutlet 16/07/2022 589 Views

Christmas arrives and with them a habit that worries many Spaniards from the point of view of personal finance: gifts.

In Spain it is very common to give details to the people who care about these dates so indicated.Material gifts are quite common: clothing, books, perfumes, personal whims and a long etcetera.

However, another of the usual options is to give money to relatives or relatives.Hence, one of the questions you can ask yourself is how much you should give, not to be like a stingy and so that, in a complementary way, you do not have any problem with your budget and financial planning.

Why give cash at Christmas?The answer is simple: it is a very appreciated gift and it saves you a lot of time.Although it is true that you can buy cheap Christmas gift, nothing will save you as much time as a portfolio with the people in your environment.

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When it comes to your family, giving cash at Christmas can fall as a ring to the finger.No one knows your relatives close than you better, so it is a more than interesting option.

How much money should be dedicated to giving?

The first thing to do is observe what the common behavior of the Spaniards is.If a study developed by Deloitte is attended by the Spaniards are spent on average 633 euros in all parties, of which 252 would go to gifts.

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It is an amount similar to that established by the report by Kantar TNS for EBAY “Christmas consumption trends”, in which it follows that they are used an average of 249 euros only in gifts.

On average, taking into account the 2 studies, the money destined for gifts is around 250 euros.

In this way, children are the most gift, because they are allocated 158 euros on average.After them, the couple usually receives 96 euros on average.In fact, since 2014, the average expenditure of the Spaniards has increased by a total of 40 euros and only 4% of respondents do not usually spend one euro these days.

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But how much to spend based on the relative so as not to look bad?First, sticking to those socks can serve as a reference, but there are more data that can serve as a mirror in which to look.

There are some polls, such as the one made by comology, which gives a minimum figurine for the closest relatives.In this line, concrete that children should be given between 30 and 50 euros;to the brothers and cousins, from 20 to 40 euros;To the nephews, around 30 euros and close friends about 20 euros.

But, beyond those numbers, it depends on the degree of generosity of each.The key is to make a Christmas budget and try to adjust as much as possible.Of course, if you spend some euro for wanting to be more splendid with a relative, nothing happens either.

Do not forget the savings plan

Following this scheme, it is essential to create a Christmas savings plan, to have the expenses controlled, but without falling into the stingy.You only have to consider statistics and position themselves according to our levels of gift spending.December excesses can become important loads in January.From there to that planning approach.

A planning that must be based, first, on the concept of control.If you know how much you spent the previous year may serve as a reference.Open an Excel sheet and make a Christmas balance.Expenditure record can be a good starting point.

On the other hand, you have to try to be as efficient as possible.TNS shows that 48% of men prefer to receive practical gifts and women of pleasure (51%).Deloitte leaves us the next top 5 of preferences, in this order: money, clothing/footwear, books and trips.

Therefore, we must be based on having a saving strategy, which does not stingy.Making calculations and comparing what it costs you to give every year, you can establish a budget and consider a strategy to save on these dates.Following this scheme, the TNS study indicates that 28% of Spaniards prefer to advance their purchases to the month of November.

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