Blog – Maddern Financial Advisers

Be ahead of the news in accounting, private wealth and finance

Australia’s Christmas spending 
Team Maddern
03/Dec/2015

christmas-spending-infographic-1

 

 Aussies planned to spend $1,079 on average over the holiday season (1).

Average Christmas spending on gifts (1)

  • NSW – $548
  • WA – $435
  • QLD – $408
  • SA – $405
  • VIC – $401

Avoid the Christmas debt hangover

Join the Christmas budgeters (1)

  • 57% set a budget
  • 4 in 5 stuck to it

How people pay for Christmas presents (2)

  • 60% – savings
  • 20% – credit card
  • 10% – borrowed money from family and friends, used their bonus or tax refund
  • 10% – lay-by

Most people pay off Christmas credit card debt (4)

  • 80% – pay it off in 3 months
  • 11% – pay it off in 3-6 months
  • 7% – pay it off in 6 + months

Cashed up kids (3)

  • 9 out of 10 children received some cash as Christmas presents

How much did they get?

  • 22% got $50-100
  • 20% got $100-$200
  • 22% got $200 +

How wisely did girls spend it?

  • 45% – banked it
  • 40% – clothes
  • 29% – saved for big item
  • 22% – music
  • 20% – going out

How wisely did boys spend it?

  • 45% – console games
  • 43% – banked it
  • 31% – saved for big item
  • 24% – computer games
  • 22% – other games

Sources:

  1. Commonwealth Bank, Survey of Australian consumers Christmas spending – December 2014
  2. ASIC’s MoneySmart poll, 1,985 votes – December 2014
  3. Roy Morgan, Aussie kids cashed up after Christmas – January 2015
  4. creditcardfinder.com.au, Christmas Debt Survey – December 2014