Christmas is an exciting time, but there’s a lot of added pressure that many people don’t talk about.

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From buying the perfect gifts for our kids to spending money on festive parties, new outfits and dining out. 

The expectation to over-spend at Christmas can be overwhelming. That’s why we’ll be discussing the effects that the Christmas period can have on families.

Facts and figures

The holiday season is certainly over-commercialized with the likes of Black Friday and Cyber Monday taking place a month before the big day. The constant advertising and opportunities to grab large discounts can encourage us to spend money that we perhaps don’t have. 

The average American spends around $832 at Christmas, and this figure has continued to increase every year since 2009.

Budgeting is key

You’ll be sure to feel that extra pinch throughout the Christmas period if you’re already having money difficulties. Budgeting is incredibly important and will help you plan your spending, ensuring you’re aware of how much money you’ll need for what. 

If you need a little extra help over the holidays, you can use a credit card to help spread the cost over the months where your finances aren’t as difficult to manage. This could improve your credit score, but just make sure you can keep up with the repayments before you commit. 


With prices still relatively high following the impact of inflation, families will have to spend their money wisely in comparison with previous years. 

There’s still a long way to go before prices go back to normal, but planning your finances in advance and working out how much of your income can go towards the festive celebrations will give you more of an insight into how much you should be spending.  

Financial stress

There is often a connection between financial stress and poor mental health. If you’re constantly worrying about money, it can severely affect your mood and cause you to feel anxious.

To ease the burden slightly, try and take advantage of any seasonal deals that crop up during this time of year. Holiday discounts can be overwhelming, but if you can spot them at the right time, you could make some great savings on that list of items you need to buy.

Remember, you don’t need to spend lots to give a thoughtful gift. Consider making your own, whether that be a photo album, a personalized print, or a handmade decoration.