The Cost of Christmas Infographic

It’s the most wonderful time of the year….and one of the priciest. The cost of Christmas is no joke, averaging to about $1,779 for a family of four. That includes the tree, Christmas dinner, as well as all the gifts for family, friends, and co-workers. Without proper planning and saving it can create quite the dent in your bank account. Here’s how it breaks down:

Cost of a Christmas Dinner
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Let’s assume you will do all the cooking yourself (as that will save you some money). At the very minimum you will have a turkey, cranberry sauce, stuffing, sweet potatoes, and pumpkin pie. Now that doesn’t include any additional sides, desserts, or drinks. that you might want to have. This meal alone will cost you about $50 and a whole lot of preparation.

It’s Not Christmas without the Presents
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Start making a list and checking it twice! You have your kids, parents, in-laws, friends, and co-workers to shop for. Each adult will spend roughly $805 each on gifts and decorations. For a family of two adults that’s $1,611 that will go towards presents. 

Time to Trim the Christmas Tree
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For the sake of this article we’ll assume you are starting from scratch, meaning you need the tree, stand, ornaments, lights, etc. Here are the rough costs that you’re looking at:
* A real one tree is around $40
* Artificial tree cost approximately $64.
* Tree stand ($20 on Amazon)
* Starter pack of ornaments ($14 on Amazon)
* Tree skirt ($20)
* Lights ($20)


Now that you know the costs, prepare yourself for next year with our tips on how to save up for Christmas

 

*Estimate is based on 2015 data from the American Farm Bureau Federation, the National Retail Federation (NRF), and the National Christmas Tree Association.