How Much to Spend on Christmas Gifts per Person in 2023 (2024)

How Much to Spend on Christmas Gifts per Person in 2023 (1)by Maria JohnsonHow Much to Spend on Christmas Gifts per Person in 2023 (2)5 MinutesHow Much to Spend on Christmas Gifts per Person in 2023 (3)2023-11-29

How much to spend on Christmas gifts per person? Learn budgeting basics and use our shopping budget examples to deliver joy without breaking the bank!

The holiday season is upon us, and thoughts are turning to gift-giving. But let's face it, finding the perfect gift can be a real challenge when you don’t have unlimited money to spend.

You might be wondering, "How much should I spend on Christmas gifts per person?" Well, you're in luck! We’ve put together a handy guide to Christmas budgeting, with some great recommendations for premium custom gifts at affordable prices.

Here at CANVASDISCOUNT, we believe that great gifts don’t need to come with a hefty price tag. Our Christmas gift selection is bursting with unique, wallet-friendly gifts your loved ones will adore. Read on to find out more!

The Budgeting Basics

How Much to Spend on Christmas Gifts per Person in 2023 (4)

Before you start buying gifts, it's important to set a budget. Financial experts often recommend allocating 1% of your annual income for holiday spending. This includes not just gifts, but also decorations, food, and other festivities. This recommendation could be a good starting point for your holiday budgeting.

Once you have a total budget for gifts alone, divide it by the number of people on your buying list. This will give you a ballpark figure for how much to spend on each person. You can then tweak the figures, taking into account how close your relationship is with the recipient.

So How Much to Spend on Christmas Gifts per Person?

CANVASDISCOUNT has options for every budget and relationship type. Let's break it down:

For Close Family Members:

Invest in something deeply personal like a photo blanket or a wall decor piece. Starting at $22 and $5 respectively, these gifts have a truly unique appeal that your loved ones will cherish.

How Much to Spend on Christmas Gifts per Person in 2023 (5)

That $5 is the starting price for our best-selling canvas prints. You’ll get a 8”x8” print for that price. Other wall decor formats we offer include acrylic and metal prints, as well as classic framed photos. Prices for these premium wall art features start around $22-$25.

For Distant Relatives and Friends:

For extended family and friends outside your closest circle, a custom photo mug or a small canvas print will show you care without straining your wallet. With prices from $13.90 for mugs and from just $5 for canvas prints, these are touching gifts that will suit most any budget.

For Colleagues:

Your work colleagues probably won’t want you to splash out, but that doesn’t mean you can’t get an original, high-quality gift. One of our MixBlox acrylic blocks or photo puzzles will fit the bill perfectly. Priced at $9 and $14.90 respectively, these gifts will bring the personal touch to your office space.

With options ranging from under $10 to around $25, CANVASDISCOUNT offers you the chance to buy quality gifts for everyone on your list without breaking the bank.

Keep reading for more budget-friendly and heartwarming gift ideas!

Example of a Christmas Shopping Budget

How Much to Spend on Christmas Gifts per Person in 2023 (6)

Let’s say you have a total of $100 for your holiday shopping. Finding quality gifts within that budget could be a struggle, especially if it means navigating the bustling high streets during the holiday rush.

Fortunately, CANVASDISCOUNT provides a hassle-free alternative, helping you bag affordable Christmas gifts without the stress.

Here's a curated list of items that make great gift ideas and also offer great value for money.

Canvas Print ($5): A small canvas print can make a big impact. Choose a photo that captures a meaningful moment, and you've got a gift that will be cherished for years to come.

Personalized Photo Blanket ($22): A photo blanket is more than just a warm and cozy gift; it's also a wonderful keepsake. Personalize it with a family portrait or a collage of favorite moments to make it truly special.

3 MixBlox Photo Blocks ($9 each, $27 total): These charming acrylic glass cubes are perfect for adding a personal touch to any space. Choose photos with a shared theme to create a charming multi-part decor feature.

Photo Mug ($13.90): A custom photo mug is a daily reminder of a special relationship or a cherished moment. It's practical, personal, and sure to raise a smile.

Acrylic Print ($25): For a touch of elegance, a luxury acrylic print is a fantastic option. A glossy finish and vibrant colors make this a standout gift.

These items are a great example of a well-rounded assortment of gifts that cater to different tastes and preferences. The total comes to $92.90, giving you a little wiggle room to explore different product sizes or add some extra features.

Note: the total cost stated above excludes shipping. However, note that CANVASDISCOUNT offers free shipping on orders above $70.

The Bottom Line

So, how much should you spend on Christmas gifts per person? The answer is simple: spend what you can afford but make it meaningful. At CANVASDISCOUNT, we're here to help you create gifts that are not only budget-friendly but also deeply personal. After all, the best gifts come from the heart.

Popular Products

MIXPIX® Photo Tiles

$ 16.00

from $ 8.00

Photo Blanket

$ 59.00

from $ 22.00

Acrylic Prints

$ 54.00

from $ 25.00

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How Much to Spend on Christmas Gifts per Person in 2023 (2024)

FAQs

How Much to Spend on Christmas Gifts per Person in 2023? ›

Holiday spending is expected to continue climbing in 2023. Americans are individually expected to spend about $1,000 across gifts, decorations, food and other holiday spending. Unsurprisingly, gifts typically make up the majority of Christmas spending, at $648 per person.

How much does the average person spend on Christmas in 2023? ›

Last year, average consumer holiday spending amounted to $1,430. This figure is expected to rise by 7% to $1,530 in 2023. The use of artificial intelligence may be on the rise, but 79% of holiday shoppers say they have little confidence in the retail industry's ability to use the tool responsibly.

How much does the average person spend on Christmas presents? ›

According to the National Retail Federation (NRF), the average American plans to spend $826 in 2022 on Christmas gifts, food, and decorations. Of that $826 dollars, around 500 are spent on gifts for family members. The most popular of these gifts are clothing, toys, and gift cards.

What is a realistic budget for Christmas gifts? ›

What is a Realistic Budget for Christmas Gifts? A realistic budget for Christmas gifts depends on individual financial circ*mstances. However, a common guideline is to allocate around 1-2% of your annual income for gifts.

What is an appropriate amount of gifts for Christmas? ›

Some people say that three gifts are sufficient since that's all the baby Jesus got. Others go by a “rule of four” or seven or 10. And some parents delight in celebrating abundance and want Christmas to be a time of merry excess in contrast to the disciplines of regular life.

How much money is reasonable for Christmas? ›

A simple budget for holiday gifts? How about 1.5% of your annual salary. Clearpoint, the credit-counseling nonprofit, suggests a simple target for holiday budgeting: Plan to spend 1.5% of your annual income. For a family that earns $75,000 a year, that works out to $1,125.

What is the consumer holiday spending trend in 2023? ›

NRF Says Census Data Shows 2023 Holiday Sales Grew 3.8% to Record $964.4 Billion. “Consumer spending was remarkably resilient throughout 2023 and finished the year with a solid pace for the holiday season."

What is the most given gift at Christmas? ›

Christmas gifts most desired by U.S. consumers in 2023
CharacteristicShare of respondents
Money (cash or transfer)43%
Vouchers / gift cards38%
Clothing, textiles, shoes35%
Cosmetics, perfume, body care24%
9 more rows
Nov 30, 2023

Is $100 enough for a Christmas gift? ›

A budget of $100 is more than enough an amazing Christmas gift that will knock someone's socks off. No matter if you're searching for a Christmas gift for your parents, your best friend, your siblings, a teacher or a significant other, we've found $100-and-under gift ideas that are sure to impress.

How much is a good Christmas gift? ›

Financial experts often recommend allocating 1% of your annual income for holiday spending. This includes not just gifts, but also decorations, food, and other festivities. This recommendation could be a good starting point for your holiday budgeting.

How much to spend on each kid for Christmas? ›

Meanwhile, 35% of parents plan to spend between $50 and $150 per kid, while 12% are budgeting between $150 and $200. Just 19% of American parents say they'll spend more than $200 on each child's gifts. 11% responded that they weren't yet sure on how much they would be forking out for festive gifts.

Is $50 too much for a Christmas gift? ›

Generally, 1% of your yearly income is an acceptable maximum for Christmas gifts. According to Bankrate, for your partner, a budget of approximately $100 is acceptable, though this will depend on a range of factors such as your age and income. For individual family members, a budget of $50 is recommended.

How much do experts advise spending on gifts with the holidays? ›

No matter how much money you make, you should plan to spend only 1.5% of your gross yearly income on gifts for everyone on your list.

How much does an average person spend on Christmas gifts? ›

Americans are individually expected to spend about $1,000 across gifts, decorations, food and other holiday spending. Unsurprisingly, gifts typically make up the majority of Christmas spending, at $648 per person.

How many people can't afford Christmas gifts? ›

For those struggling financially, many will forgo buying gifts entirely. Over four in 10 who say they can't afford to make ends meet won't be buying any gifts, a much larger percentage than those whose financial situation is better, those who can afford to save money or have a little left over for extras.

Is 20 Christmas presents too much? ›

“When it comes to gift-giving, moderation is key,” Joseph adds. “Quality is always better than quantity. Your child doesn't need 20 presents to be happy; a couple of thoughtful, well-chosen gifts will do just fine.”

Are people buying less for Christmas this year? ›

Just one in five say they'll buy more gifts for others this holiday season, compared to recent past years, and this is true even among higher-income earners and those who say they can afford to live comfortably. In contrast, more than a third say they will buy fewer gifts.

How many people celebrate Christmas in 2023? ›

Christmas / holiday season celebration plans among U.S. consumers in 2023
CharacteristicShare of respondents
Yes88%
No7%
Don't know5%
Nov 30, 2023

What holiday do we spend the most money on? ›

Christmas, New Year's Eve, and Valentine's Day are the most popular holidays for spending money worldwide.

How much does each consumer plan to spend in 2023? ›

According to The Conference Board Holiday Spending Survey, US consumers plan to spend an average of $985 on holiday-related items in 2023, less than the $1,006 reported in 2022. As part of this total, consumers intend to spend an average of $654 on holiday gifts, up 6.7% from $613 last year.

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