Spending limits, not being selfish are keys to happy holiday: study

It’s the most expensive time of the year.

With the holidays approaching, everyone is getting ready to empty their wallets. But they may not necessarily bring cheer, especially when it comes to getting a gift for that special someone in your life.

A new survey of more than 1,000 married couples from Quicken shows how couples handle gifts for each other, and found that one in five people have forgotten to buy their spouse a gift.

Most people really are that selfish. Almost a third of them say they spend more on themselves than they do on their spouse during the holiday season. When it comes to a spouse’s gift, the survey showed that 70 percent of couples set an agreed limit on how much they should spend on gifts.

Out of the 30 percent that does not set a limit, almost one-fourth of couples wish that their partner spent more on them, compared to only 10 percent of people in relationships where a limit is set.

Those who did set limits report being more satisfied in their marriages than those who don’t.

But agreeing on a number isn’t the answer to all your holiday money woes. Almost half of people who set a spending limit don’t honor it. While 81 percent spend more than they said they would, 19 percent let their partner think they spend more than they actually did.


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