Holiday Shopping Survey Reveals The Truth About Couples And Budgets

Thursday, December 20th, 2018
Updated: December 20th, 2018
The content is accurate at the time of publication and is subject to change.

Money may not be able to buy love—but it can certainly interfere with it. It’s no secret that finances and budgeting are two of the biggest things couples fight about. And during the holidays, when tensions run high anyway, spats about money can turn into full-blown arguments, the effects of which can linger long after the decorations have been put away and the gifts forgotten.

A recent survey by rewards and loyalty program company Swagbucks revealed that men and women have very different ideas about what constitutes responsible spending at the holidays, and who is in charge of making decisions about that spending.

Seventy percent of women said they are the ones who set the holiday budget for their household, while 49 percent of men felt they were the chief decision maker when it comes to budgeting. Similarly, 85 percent of women said they do the lion’s share of holiday shopping, while 46 percent of men said they do more shopping than their partners. Only 12 percent of women and 30 percent of men said they split the shopping equally.

Tis the season for getting into debt

Regardless of who is in charge of the budgeting, 63 percent of those surveyed said they go into debt over the holidays. Only 37 percent reported that they do not accrue any debt when shopping during the holiday season.

Those who do rack up debt mostly keep it to $500 or less; 38 percent of all those surveyed say their post-holiday debt load will be under $500. Seventeen percent expect to owe $500 to $1,000, seven percent estimate they’ll go into debt to the tune of between $1,000 and $2,000, and just one percent say they’ll go more than $2,000 in debt during the holidays.

Cash or credit?

Many people miss out on the opportunity to use a credit card with rewards points when doing their holiday shopping. Folks who have a solid credit score can get a credit card for good credit that gives them travel perks such as frequent flyer miles or hotel loyalty points, other types of rewards, or cash back. Still, 72 percent of couples said they prefer to use cash or a debit card when doing holiday shopping.

Even though cash or debit may be their preference, 44 percent of survey respondents said they would use two different credit cards to pay for holiday purchases. That means at least some couples are taking advantage of the rewards of using a credit card for good credit. That’s one thing men and women should be able to agree on.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

Latest Good Credit Credit Cards News

Wednesday, August 5th, 2020

At the moment, COVID-19 still remains the burning issue of the day. In this regard, food delivery from restaurants is more in demand than ever. One of the largest credit card issuers, Capital One, understands this and therefore offers its customers the opportunity to get additional bonuses on food delivery. To be more precise, now […]

Thursday, April 23rd, 2020

It’s not a secret that when the coronavirus started to spread rapidly throughout the world, most countries closed the borders forcing companies working in the travel sphere, including airlines, hotels, etc., to suspend their work. People had to postpone their trips and stay at home until the end of the pandemic. Therefore, redeeming accumulated credit […]

Friday, February 14th, 2020

Barclays, one of the largest UK banks, has just introduced its Q4 2019 earnings report. In a nutshell, it indicates the main year results in different spheres. To a large extent, the statistics concern the UK department. However, there is something interesting about its associate in the USA. The report says that Barclays International “Established […]

Friday, October 18th, 2019

Yesterday Venmo, a service owned by PayPal, that allows their account holders to transfer funds to others via their mobile phone app, announced its new credit card. The credit card will be issued by Synchrony Financial whose partnership with PayPal has earlier brought us the PayPal Extras Mastercard and the PayPal Cashback Mastercard. According to […]

Wednesday, July 31st, 2019

American Express has recently announced their new no annual fee credit card for small businesses – the Blue Business CashTM Card. But should small business owners pay attention to it? Amex states that the Blue Business Cash cardholders can enjoy generous cashback rewards together with worthwhile multiple perks. Let’s find out how matters stand in fact.

Best Credit Offer
Upgrade Life Rewards Visa®
Check off the cards you want to compare. Then click the Compare link to go to the comparison table.
Consumer Rating: 4 / 5
Horizon Card Services Group One Freedom Card
Copyright © 2001-2024 BestCreditOffers.com All Rights Reserved.

*See the credit card's terms and conditions on the online application page. Note that this website may be compensated by credit card issuers when the visitor applies for a card through the links on this website. We do our best to maintain all information accurate and up to date. However, we do not warrant the credit card information won't change. Click the "Apply Online" button and review the current info on the secure credit card terms page.

Information in these articles is brought to you by BestCreditOffers.com. Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.

The BestCreditOffers.com webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. BestCreditOffers.com does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the BestCreditOffers.com website are property of their respective owners.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions.

BestCreditOffers.com makes every effort to keep information up to date and accurate. However, the information regularly changes and is presented without warranty. Therefore, we strongly recommend all our readers to visit the credit card application page by clicking "Apply Online!" button to review the detailed credit card's terms and conditions. Note that BestCreditOffers.com may be compensated by the credit card issuers when the readers apply for a credit card through this site.

BestCreditOffers.com is an independent, advertising-supported website which receives compensation from the credit card issuers and companies whose offers appear on the site. Compensation may impact how and where products appear on our site, including, for example, the order in which they may appear on the site pages. BestCreditOffers.com does not review or list all available financial or credit offers.

You've successfully subscribed!

Please specify the following:All these fields are optional

Thank you for providing this information! We will make sure our letters are useful for You.

User Generated Content Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.