Christmas Spending Out of Control?

Posted on 24. Dec, 2007 by in Credit & Debt, Saving & Investing

Brick-and-mortar retailers are getting worried as Christmas is right around the corner (tomorrow). According to their numbers, the amount of money being dumped into holiday advertising has not produced an equal amount of holiday shopping. Some have attributed this to what they’re calling “the year of the consumer” – where retailers are being forced to listen to what we want, when we want it, and how much we want to spend. Personally, I think that the past few weeks of market scares – including the Subprime Mortgage crisis – have scared some consumers to avoid the malls and stick to Christmas cookies. However, my Christmas spending has decreased this year simply due to the fact that I refuse to put $1 on my credit card for Christmas spending. In turn, my wife and I have set strict budgets for gifts so that doesn’t happen.

But what I want to know is how your Christmas spending compares to last year? Please take a minute to answer the poll below. (RSS readers please click the title to this post to view)

Oh, and Merry Christmas, Happy Hanukkah, and Happy Kwanzaa to all the BeancounterBlog readers!

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