We’ve come along way over the centuries. Back in ancient Celtic times Halloween was all about sacrifice (I’ll leave it at that). These days Halloween is all about giving; dolling out goodies and perhaps a few friendly freights. The National Retail Federation reports that the average family is planning on spending more money than previous years on the upcoming Halloween festivities. As always, I’m here to provide you all the numbers behind how family’s are budgeting this Halloween.
$80 is Actually a Lot More than Last Year
Usually, when I breakdown holiday spending, the average family budget is a bit more substantial. However, families spend relatively less on Halloween by planning only an average expense of $79.82. It might not sound it, but this is a big increase over last year’s $72.31. For those of you who don’t mind reading my lists of endless averages and percentages, it works out to about a 10 percent increase.
Men Spend the Most: What Else is New
The record remains unbroken for the upcoming holiday. Men are planning on spending $90.11, whereas women seek a thriftier budget of $70.11.
At least men can boast their frugality when compared to adults in the 25 to 34 age group. Young adults are planning on spending $111.96 on Halloween this year. Probably a result of having little children who demand costumes in order to gather candy on Halloween night.
Most of the Spending is for Costumes
When it comes to managing the meager $80 budget this year, families are expecting to spend the most on costumes. The whole family, dog included, will squeeze into their outfits for a mere $43.60. Decorations take second place in the family budget with $32.35 spent. Candy comes in with $24.25. While greeting cards are purchased for $10.72.
You’ll notice that doesn’t add up to $80 because different families buy/don’t buy different combinations of these items.
Candy Gets the Cut in Tough Economy – Not Costume
When it comes to saving money on Halloween this year, candy is the first expense to get axed. 36 percent of families report less spending on candy this year. Meanwhile, 22 percent plan on reusing last year’s decorations.
Where does making one’s own costume fall? A mere 18 percent of families plan on making costumes to save money. A little more than 16 percent plan to cut out candy all together.
I’ve got to hand it to the average family. When it comes to Halloween, I find that their budget is far more manageable than other big celebrations like Christmas and Valentine’s Day. Although, I’m surprised that candy is on the top of the chopping block instead of homemade costumes. I suppose receiving a trick is better than appearing poorly dressed?
…If you think that’s the case, explain school campuses?…
How did the average family do during the Halloween season? Is their budget too lavish, too tight or just right? How does your own spending compare? What are the reasons your family is successful/unsuccessful in budgeting for Halloween?
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