Women blow the Christmas budget with `top-up' gifts
A new survey says that nearly half of women admit to spending more than they planned to on Christmas presents.
A new survey claims nearly half of women blow their Christmas shopping budget. National Savings & Investments found that a third of women splash out on last minute ‘top-up’ gifts, in addition to presents they’d already planned to purchase.
Only two-fifths of men surveyed admitted overspending and most said they finish their shopping well before Christmas. A fifth of the men surveyed said they had bought their presents months in advance and within budget. And only a quarter of men said they bought top-up presents.
Despite the current squeeze on our pockets, two-fifths of the women surveyed said that price wasn’t an issue when it comes to Christmas presents. Women spent an average of £50 more than men.
Unsurprisingly, nearly 40% of the women surveyed admitted that they felt frustrated or guilty about their Christmas spending when January rolled around.
It's easy to avoid falling into the trap of overspending. Make sure you avoid these Christmas rip-offs, and don't do your spending on these terrible cards. You can also save money of your gifts by reading our Frugal Gift blog every weekday in December!
More: Get a 0% credit card | Cut the cost of shopping for Christmas gifts | Beware this phishing scam at Christmas
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Hi Simon, interesting to read this. Although women may spend more, they do try and save more in the process! My client MadBid.com's (http://uk.madbid.com) recent survey revealed that women are actually use money-saving techniques – for example twice as many women (34%) as men are using saved loyalty points this year - as well as choosing not to buy on credit pay and planning ahead to find the best deals and avoid the last-minute rush! More interesting stats here http://bit.ly/v6RBxj
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@Simon Ward I never accused you of being misogynist - I said the writing was. Possibly. I'm glad you are not disputing that the piece was biased, obfuscated nor lacking reasoned argument and properly presented stats. If the original research was poorly presented, maybe don't report on it, or, make your attitude towards it and its shortcomings quite clear for your readers.
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@Cheshire Cat I don't think reporting the results of a pretty lighthearted survey makes me a misogynist.
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12 December 2011