New data reveals Christmas spending habits

New data from RACQ Bank has revealed women spend significantly more on Christmas presents, when compared to men.

RACQ spokesperson Kirsty Clinton said while 19 percent of men said they would be more likely to spend less than $100 on pressies, only 9 percent of women said the same.

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“This data proves what many people many may have been thinking: men and women have very different spending habits at Christmas time,” Ms Clinton said.

“Women are much more likely to be extravagant at the check-out with almost 30 percent admitting they’re likely to spend between $500 and $1,000 on presents, compared to less than 20 percent of men.”

Ms Clinton said the survey also revealed members preferred to save money ahead of Christmas to use for gifts rather than opting for the credit card.

“Members are planning ahead and saving for Chrissy presents rather than handing over the plastic, which is great to hear,” she said.

“Hats off to regional Queenslanders with members living outside Brisbane more likely to put money aside for Christmas presents. Around 53 percent of regional members reported saving compared to just 37 percent of their capital city counterparts.

“Meanwhile 26 percent of those in Brisbane say they’ll pull out the credit card compared to 16 percent of those outside Brisbane.

“The main thing Queenslanders need to remember this Christmas is to not spend beyond your means.

“Christmas is a time for giving, but it’s the thought that counts the most, so don’t cause yourself extra stress by spending too much now and regretting it later.”