Holiday Spending Quiz

What is the average amount that holiday shoppers are spending on gifts and other seasonal purchases?

• $3,000—$4,000

• $500—$1,000

• $2,000—$3,000

• $1,000—$2,000

What percentage of Americans go over budget during the holidays?

• 60%

• 80%

• 50%

• 70%

What is the recommended approach for gift buying?

• Impress friends and family with expensive gifts

• Base it on the gift receiver's spending

• Consider the value regardless of price

• Buy something you can't afford to avoid disappointment

What is the importance of having a plan and setting a spending limit?

• To buy the best gifts

• To avoid going into debt

• To have affordable monthly payments

• To impress friends and family

What is the best way to get a handle on your overall spending?

• Borrow money to finance purchases

• Create a monthly budget or finance tracker

• Spend everything you have

• Overspend on presents

When should you start saving for next year's holidays?

• Start now

• A few weeks before

• The month before

• It doesn't matter

What is a creative alternative to traditional gift-giving?

• Buy a new gadget or toy

• Give a photo of the gift

• Invest in the recipient's project or business

• Sponsor a trip

What is the recommended time frame to complete holiday shopping?

• 120 to 150 days

• 60 to 90 days

• 30 to 60 days

• 90 to 120 days

What is the purpose of setting spending limits?

• To have affordable monthly payments

• To overspend on gifts

• To be realistic with your finances

• To impress friends and family

What is the recommended approach to holiday spending?

• Spend within your means

• Spend more than you want or have

• Go into debt for the holidays

• Impress friends and family with expensive gifts