Making it through the holidays

Finance and Commerce reports Retail: Holiday spending projected to plummet 11.7% in Twin Cities.

David Brennan, co-director of UST’s Institute of Retailing Excellence, characterized results of the survey, released Wednesday, as “the bleakest holiday spending season” since the survey started in 2002. In dollar terms, retailers in the 13-county metropolitan area can expect holiday shoppers to ring up $832 million during the upcoming holiday season – down $102 million from what was spent last year. On a per-household basis, people surveyed by UST indicated they would spend an average of $663 this year, compared with $751 in 2007. 

During the holidays I’m happy just spending time with friends and family and I’ve never been really good at receiving gifts. I tend to have most of the little affordable things and the things I want typically cost way too much for someone to buy as a gift. I like it when someone makes me art or offers to help out with a project around the house. It seems like I always have some sort of painting,taping, or other type of household project going on. Last year my family finally started drawing names, which has been a big help. Has your family done anything to lessen the burden of the holidays?

What are you gift plans for making it through the tough times?

*Edit* per Bob’s comment – If you’re taking the buy Mn route, what are the best places to get local/Mn gifts?


5 Comments so far

  1. Robert Moffitt (justpbob) on November 20th, 2008 @ 12:24 pm

    I plan on buying locally made gifts as much as possible, keeping as much of my dollar in-state as possible. I start shopping for the relatives this weekend.

  2. David (jacc) on November 20th, 2008 @ 12:27 pm

    Bob, that’s a good idea. I’m amending my post to reflect it.

  3. Robert Moffitt (justpbob) on November 20th, 2008 @ 1:19 pm

    Minnesota 2020 has a local buying guide. I posted on the subject over at Secrets of the City Talk.


  4. Julie (julie) on November 20th, 2008 @ 2:36 pm

    Ugh, thanks for reminding me. I have not started thinking about gifts yet, but let’s hope that Target’s special holiday low prices are indeed low.

  5. David (jacc) on November 20th, 2008 @ 8:31 pm

    Bob – Great link!

    Julie – I know, I know. It’s really rare for me to start thinking about it this early. Typically I’m the classic last minute shopper, but this year keeping my eyes open for good deals is a priority. A good year to buy books.

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