With all the traveling, gift giving and festivities, celebrating the holidays can get pretty pricey. And if you plan to host a party this month, your holiday budget will be taking another hit. According to a new survey, 30% plan to host a holiday gathering in December and they plan to spend about $760 doing it.
Actually, Millennials are planning to spend more than nay other generation-- nearly $1k ( about $981) and 55% of Millennials admit they might go into debt as a result of the party. (please don't do that.)
If you plan on going to a party, let's talk about host gifts. About 65% of Americans polled will bring a gift for the host and they expect to spend $213 on presents for host gifts for all the different parties they go to. What's the go-to perfect house gift? Most responded a nice bottle of wine or other alcoholic beverage, followed by baked goods, and plants or flowers.
Source: Lending Tree