USA Canada
Credit Card News


Advertising Disclosure is an independent, advertising-supported web site. receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » News » Other » Holiday Budgets Stretch to Include Gifts, Parties, Travel

Holiday Budgets Stretch to Include Gifts, Parties, Travel

Add to Favorites:
Holiday Budgets Stretch to Include Gifts, Parties, Travel

Two-thirds of consumers say they are looking forward to holiday gift-buying, but nearly all (95%) say they plan to stick to their budgets. Gifts aren’t the only things budgeted – parties and travel account for a big chunk of holiday spending.

A survey from Chase Blueprint and Oprah’s O magazine showed that 62 percent of respondents plan to make a budget to keep their holiday spending in check. Sixty-one percent said they will use coupons or take advantage of sales when shopping for gifts.

Presents and Parties

The survey, which was conducted online with a sample of over 2,200 respondents, showed that consumers plan to spend an average of $569 buying gifts and $307 on holiday entertaining this year.   Presents will be gift cards or cash for 21% of those surveyed; 18% plan to buy electronics, computers, or video games; and 14% said they will be buying clothing or jewelry.

About one in four people plans to host a holiday party, with an average budget of about $300 for the celebration. Of the party planners, two in five said they would spend between $100 and $249, and 32% said they would lay out somewhere between $250 and $499. Seventy-two percent of them said their guest lists would have less than 20 people on them.

Travel Too

Many people go home for the holidays or take a vacation of some type. A quarter of respondents said they will be taking a trip this holiday season – 61% by car and 34% by plane. As far as spending on travel, 45% said they will spend about the same amount as last year, and 39% plan to pay more. Essential items for holiday travel include mobile phones (37% won’t leave home without them), books (11% said they were must-haves), and magazines (7% will bring them along).

Add to Favorites:

Related News:

Increased Consumer Spending Points to Strong Holiday Shopping Season

By Elizabeth Nelson, Posted: October 26, 2012

A quarterly survey conducted by Chase shows increased spending across several sectors, pointing to a potentially strong holiday shopping season this year. Continue reading
Special Holiday Lounges for MileagePlus Cardholders

By Dar Dowling, Posted: November 25, 2015

Trips to the mall during the holidays can be fun, but you might need a minute to relax between stores. Continue reading
Holiday Spending Slowed by Superstorm Sandy

By Elizabeth Nelson, Posted: December 28, 2012

Holiday sales took a wallop from Hurricane Sandy, and they never fully recovered. Receipts were up less than 1% this year over last, according to a new MasterCard report. Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
New! We'll DOUBLE all the cash back you've earned at the end of your first year. So if you earned $100 cash back, we'll double it to $200—Automatically. Only for new cardmembers.*
For Excellent Credit
2X points on purchases for gas, groceries and utilities
For Fair Credit
Guaranteed $500 Unsecured Credit Limit
For Bad Credit