Have A Spending Limit This Holiday Season!

When folks are out buying gifts for the holiday it’s understandable if they pick up a thing or two for themselves, but it turns out when it comes to holiday shopping, a lot of folks are really selfish.

A poll of 1,000 married couples by Quicken Loans finds a third of people say they spend more on themselves than they do their spouse. What’s worse, 20% admit to actually forgetting to buy their spouse a gift.

But when folks do buy a gift for their partner, most don’t go hog wild. In fact, 70% of couples agree to a spending limit on gifts, and that’s a good thing, since those who do set limits are happier in their marriages than those who don’t. What’s more, of the 30% who don’t set a limit, 25% were hoping their S.O. spent more on them, with only 10% wanting the to spend less.

Of course just because you set a budget doesn’t mean folks actually stick to it. Close to 50% of those with a limit don’t stick to it, with 81% going over budget. Interestingly, another 19% say they would let their partner think they spent more than they actually did.

Source: New York Post

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