Once again gift cards will be a hot gift this holiday season according to a new poll from TD Bank. More than half of consumers say they plan to spend the same this year as last year with the average being $670 for gifts. Of those polled, roughly two in three plan to buy gift cards. “With the majority of consumers looking to spend the same as last year, gift cards are a perfect option to keep holiday spending in check,” said Nandita Bakhshi, Executive Vice President, Head of Products, TD Bank in a news release. “Giving a gift card reduces shopping stress, you spend exactly what you intend to, and are less likely to get caught up in the season and spend more money than planned.”
The survey found that more than one-third of shoppers say they get stressed out when they don’t know what to buy for a person. It’s also stressful not knowing whether they’re going to like the gift, according to responses. Giving gift c
You have all been there, living comfortably until something goes wrong the washing machine s down, the car fails its MOT, or the children need new shoes. In the grand scheme of things it may only be a small problem, but it can tip the balance of the carefully constructed budget.
Its the most common form of debt. One in ten consumers has an average of $6,400 spread out over six credit cards, according to the latest Credit Karma data.
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