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We ask you: are you cutting back on spending this Christmas?
National World - LocalTV
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22/11/2023
Will you be cutting back on Christmas spending this festive season?
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News
Transcript
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00:00
So when it comes to Christmas this year, the industry that I work in is currently suffering a huge slump.
00:07
So lots of people are out of work, so personally myself I'll be not spending a lot of money this Christmas,
00:12
just to make sure that I've got enough to tide me through until my industry picks up again.
00:16
I mean, I don't usually spend that much on Christmas, I usually just stay with my friends and family.
00:21
But the minimum I could spend is like, just under a hundred, it depends on what.
00:27
Usually, my max is probably sixty.
00:30
We're definitely cutting back this time, yeah. It's a fine balance, isn't it, I think.
00:35
Everyone's looking at the bills and stuff like that, so it's a bit of a reality check, isn't it, nowadays?
00:40
I'm trying to, because I know, especially around this time of year, everything's twice the price, if not more.
00:47
Am I cutting back? I'm trying to. Like I said, I'm trying to.
00:53
I'm not cutting back. I'm not going mad, because you kind of look at it now and think,
01:00
I'm really not going to waste money. I'm going down the lines of maybe giving them cash, in the hope that...
01:07
I mean, my youngest granddaughter, she sent me pictures of what she wanted from River Island.
01:13
I went, any one of these nan, no one full well, I'm getting them all.
01:19
I think they have to, I'm going to have to. Yeah.
01:23
Especially the industry that I've been working in has completely died out.
01:27
What is that industry?
01:28
I work in film and TV as well. So yeah, there's been no work in TV at all.
01:35
So I've had to find other work for the time being.
01:38
So that's hit me. I mean, that's slightly relative, but it's made it even harder, because, you know, things are more expensive.
01:44
I'm trying not to be stressed about Christmas, because that just takes away the joy.
01:50
And what I've been doing is, as I've seen gifts that I think my nearest and dearest would like,
01:58
just buying them without sort of having one big glut of spending when it gets really stressful and you're trailing around the shop.
02:06
So I've been buying little bits here and there just to spread it, so it's not horrible.
02:12
I suppose just trying to be sensible.
02:14
And because normally what happens is I buy presents and then I'm like, I'll just get a few extra little bits.
02:19
So probably trying to be a bit more organised with what I'm buying for who.
02:25
Yeah. And we have looked at buying some pre-love stuff, to be honest.
02:31
Haven't done that yet, though, because I haven't found what I want.
02:33
But I have looked at that, whereas I maybe wouldn't have looked at that in previous years.
02:38
So just some of your thoughts there on the matter. But what is the data telling us?
02:44
Well, market research suggests that a lot of us are turning to bargain hunting and taking out credit to cover Christmas expenses this year,
02:52
and that roughly 51 per cent of households are expected to stick to a stricter budget.
02:57
And from what we've heard from you, it sounds like many of you could well be doing the same.
03:02
[BLANK_AUDIO]
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