And how can your spending help you budget for Christmas gifts?
This Christmas, Aussies are set to spend an average of $1,232 - with nearly $400 of that on gifts alone (Holy smokes!).
But have you ever wondered how much you should spend on a present for your S.O? Or your bestie? Is $50 enough? Too much?! Not enough?! Arghhh.. It’s all too hard.
When it comes to gift-giving this holiday season - the are two simple tricks to help you figure out how much you want to spend:
These methods put your friends or family members into….uhhh...perspective?
All you need to do is:
So, if you earn $20, purchasing a $50 present means working for 2.5 hours.
When deciding how much you should spend on gifts, keep this figure in mind. Your mum might be worth 20 hours-worked, but that mate that forgot to pay you back for that round of beers may only be worth 1.
Rather than thinking about bagging bargains, consider the cost-per-use method.
All you need to do is:
Buying a brand new fancy blazer that costs $170 but only getting 15 wears out of it works out to around $11.33 per wear.
Buying a new activewear set for $100 and wearing it 300 times works out to around 33 cents per wear. Now that’s a steal.
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