On average, Money Dashboard users spent £177.89 on Christmas presents this year. How much did you spend? If you use Money Dashboard free budget software there's a way to see your total Christmas present spend.
- If you haven't done so already, Sign up to Money Dashboard and add your accounts
- Log in to your Money Dashboard account and click the Past Activity tab at the top of the page
- On the right-hand side, set the date to run from start of November (or whenever you started Christmas shopping) to the current date
- Make sure any Christmas present purchases are correctly tagged as ‘Gifts, Charity and Religion: Christmas Present'. If not, tag them
- On the right hand Search menu, click on the ‘Out' radio button
- Select the ‘Gifts, Charity and Religion' Group and the ‘Christmas Present' Tag, then click on the ‘Search' button
- You should now see a list of all the Transactions tagged as ‘Christmas present' for that period, and a total appears at the bottom of the right-hand side; your total Christmas Present Spend
According to our data, the average spend by a Money Dashboard user on a single Christmas present was £37.42. Many of these were purchased from amazon.co.uk, and could have been cheaper if the user had received an Amazon discount from Money Dashboard's Price Beater.
If you spent more than you wanted to this year, here are a few simple money saving tips to help you get back on track:
- Sell unwanted Christmas presents on a website like eBay or Gumtree
- Sell old clothes, toys, mobile phones, electronics, etc. to make room for presents you received, especially if your present makes the old item redundant, like a new phone or computer.
- If you have a garden, store unopened bags or boxes of frozen food in the cold outside so you have more room in the freezer to make your Christmas dinner leftovers last longer. Make sure the food is protected from rain damage, and birds or animals by putting it in a box or heavy duty bag.
- Buy sunglasses and swimwear. They're cheapest this time of year, and you'll pay much more if you wait until summer.
- Close all your curtains and blinds at night, it will keep the heat and reduce your gas and electricity bill.