Many Brits put focus on experience gifts this Christmas

Brits are set to spend £26.9 billion on Christmas gifts this year, according to new research from finder.com, involving 2,000 people.

An average British adult will fork out £512.85 on presents over the festive period. However, three in five are planning to reduce spending in a variety of ways. The most popular method is to set a price limit with family and friends, with two in five intending to do this. 

15% of those polled are giving experience gifts like picnics or massages to reduce costs, making this the second most common method. In third place is making items, with 13% of Brits saying they will do this to cut costs.

“It is interesting to see so many of us are thinking about how we can make our money go further or focus on experiences this Christmas. It can be a great feeling to give, or receive, a present, but it doesn’t need to break the bank,” says Jon Ostler, CEO at finder.com.

“You will need to think about what your family and friends will value, but why not consider doing something really meaningful like learning to cook a new dish, making something or planning a day out somewhere. These could last longer in the memory than a product.”

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