Do you ever wonder the top 10 reasons that holiday makers overspend on? Read below:
Source: FastLoanTree.com
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I think that those are not really the top reasons why people spend in the holidays. My take is that their supply of money is! Think about it--people get bonuses, gifts and rewards during this season that's why they have the power to use these resources to buy gifts for others. Another is that consumers spend more as they feel the economy and their personal financial situation is improving.
ReplyDeleteThey spend much on traveling, but of course when you travel you always want to spend less as much as possible but you want to have the best experience. However, it's hard to do that way, because the food itself will really cost you, then there is the rental and everything.
ReplyDeleteDefinitely the top 10 reasons. Especially for numbers 1, 3 and 6. Those are really the things that holiday lovers love to overspend, afterall it's just for once in a while - why not spoil yourself for it.
ReplyDeleteIt is the culture that makes this habit. Your top 10 is a valuable information for retailers.
ReplyDeleteOh my loan for your holiday expenses that sounds like a financial disaster. You know the kind that you don't want your holiday to end because you will be back to face reality. Did the pictograph offer any solution for this?
ReplyDeleteOh my loan for your holiday expenses that sounds like a financial disaster. You know the kind that you don't want your holiday to end because you will be back to face reality. Did the pictograph offer any solution for this?
ReplyDeleteNot to be critical but while this presents some really good data, they are completely unhelpful to Filipinos. A small tweak in the messaging - perhaps comparing the infographic side by side with data on Filipinos going to the USA for the holidays - would have REALLY helped...
ReplyDeleteI always go for food, this always eats out our budget especially during holidays.
ReplyDeleteI always go for food, this always eats out our budget especially during holidays.
ReplyDeletePeople tend to overspend during the holidays because they get extra money from 13th month pay and bonuses and spend more than the earn. That's what the holiday rush do.
ReplyDeleteNice infographic! #2 talaga ang alcohol? :P
ReplyDeleteMy Top 3 are actually Food, Gifts and Clothes. I always overspend on these things every year and couldn't help it. LOL.
Good thing in the Philippines we have 13 month, 14th month and all the bonuses!!! Here in the US we don't have any!!!! .. and yes! we overspend!!! - all c/o credit! lol!
ReplyDeleteNo doubt about it, foods and alcohol. Filipinos love to celebrate even they overspend.
ReplyDeletewe don't spend much on food... I think I spend more on my kids clothes and other stuff....
ReplyDeleteThe top reason is you have a plenty supply of money in that time :) That is the only logical reason why
ReplyDelete