State Bank is kicking off the 2012 holiday shopping season with tips to avoid a post-holiday credit hangover.
A National Retail Federation survey released earlier this month showed consumers will spend an average of $749.51 on gifts and holiday goodies. We spent $740.57 per person last year, the group said.
Here’s how that spending breaks down:
— $421.82 on children, parents and relatives
— $75.13 on friends
— $23.48 on co-workers
— $28.13 on others, including pets
— $100.76 on food and candy
— $28.66 greeting cards
— $19.55 on flowers
— $51.99 on decorations
All in all, the federation is predicting a $586.1 billion haul from the holidays.
Keep in mind that January bills are only a couple of months away. If you’re not budgeting for your holiday purchases, you’ll find yourself bringing in the New Year with last year’s debt.
Hometown banking was established in southern Utah with the opening of State Bank of Southern Utah in 1957.
Hometown banking is important because people who live and work in southern Utah make the decisions. Bank employees and officers understand the banking needs of area residents because they are affected by the same economic climate. Find out what hundreds already know - hometown banking is better.