The end of year festivities are characterized by gifts and distinguished dinners that most Mexicans celebrate during the months of December and January, though, these celebrations entail a direct hit to the pockets of the families of our country.
Here we will tell you what the approximate expenses of Mexican families are during the December holidays.
How much do you spend on gifts?
According to a report from WorldRemit, a company dedicated to cross-border payment services, the average Mexican spends from 3,000 to 8,000 pesos during the New year holidays. regarding gift issuessince from the exchanges until Three Kings Day these expenses predominate.
Products such as electronics, toys, clothing, various internet products and alcoholic beverages top the list of gifts in the months of December and January.
The most common expense on these dates in addition to Christmas dinner is the purchase of toys, since on average close to 5,600 pesos are spent on these products.
How much do you spend on a Christmas dinner?
According to the latest report of the National Commission for the Protection and Defense of Users of financial Services (Condusef) presented at the end of 2023,The cost of a Christmas dinner in Mexican families varies from 2 thousand pesos to 9 thousand 800 pesos,This without considering the size of the family,which can give a very relative result.
Considering the topic of gifts,Christmas dinner,posadas,decorations and gift exchanges, An average mexican spends around 19 thousand pesos for these celebrations, so it represents at least 40% of the december budget,according to WorldRemit.
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How much do you spend on decorations?
Christmas themed decorations also represent an expense for Mexican families and the tree alone represents an investment that can range from 800 to 2,500 pesos in the case of a natural tree; As for artificial trees, these can vary in cost and range from 2 thousand to 5 thousand pesos.
The christmas series that cannot be missed range from 800 to 1,000 pesos, and as for decorations such as spheres, garlands and nativity scenes, they can range from 1,500 to 3,000 pesos.
Recommendations to make your money work.
Condusef has recommended Mexican families to anticipate this expense, as it represents a huge investment compared to other months of the year.
The agency urges you to define a budget; Establish a clear limit for each of these items and consider the capacity of the salary and bonus you have.
Likewise, Condusef asks workers to use the bonus in moderation since there may be a risk of accumulating debts on these dates due to the purchase of gifts.
Condusef at the same time recommends taking advantage of discounts and buying gifts in advance before it is the high season for these products and therefore they sell more expensive.
By following these recommendations, you will be able to face the famous “January slope” and will avoid running out of all your money after the end of the year celebrations.
AE
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