I ran a poll on the website for two weeks prior to Christmas asking how much you spent on holiday gifts this year. The results were pretty much exactly as I thought. The number of people spending over $1000 was a little bit higher than I thought.

The following chart shows how the results ended up.

Out of 133 votes:
  • 31 people (23%) spent $0 - $100 on holiday gifts.
  • 66 people (49%) spent $100 - $500
  • 25 people (18%) spent $500 - $1000
  • 11 people (8%) spent over $1000
I spent between $100-$500 for my holiday gifts. I did not put any of this on my credit cards. I set aside a portion of my yearly bonus to pay for my gifts. How did you pay for your holiday gifts?

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  1. Noel Larson // December 26, 2007 at 12:00 AM  

    We saved and used cash for the first time. No CC or Debit card, just what we saved. Might not have been as over the top, but it is paid for with no Buyers remorse and no carried January extra debt.

  2. sydelbow // December 30, 2007 at 10:10 PM  

    I am one of those that had many people to buy for this season and totaling over $1000 (thought I did not take part in your poll), I bought every last one on credit card. It lets me keep track of my spending and not worry about cash in my wallet. The complete total will be paid off immediately though, so should not affect me. I am really very happy to be able to pay those bills in full when they come due.