Call off the hunt, here are the Easter saving tips you need
Aussies are planning to spend $1,185 this Easter.
Despite the cost of living crisis, Australians are still planning to splash the cash on Easter this year according to Finder research.
A huge $4.4 billion is set to be spent, with the average Australian planning to spend $1,185 on Easter chocolate, food, eating out and travel.
While some Easter spending habits are not surprising – over half of us are planning on buying chocolate, for example – others are more surprising.
For example, 12% of the population is planning to buy clothing such as pyjamas with an average planned spend of $110. Others are planning to spend an average of $660 on travel, an increase of 40% from last year.
Finder's personal finance expert Sarah Megginson has urged Aussies to reduce their Easter spend if they are feeling the pinch.
"Have a close look at what you're spending and where the opportunities are to save," she said.
"This is particularly important for households facing private health insurance hikes on April 1 and a possible tax bill come July."
Chocolate came out as the item most people were spending money on, with 54% of the population saying they planned to purchase it over Easter. This was followed by entertaining (28%), eating out (25%) and travel (16%).
Nearly 4 in 10 Aussies (39%) said they did not plan on spending any money on Easter.
The average spend on these items differed, but a large amount is being planned to be spent on eating out ($126) and chocolate ($57).
According to Megginson, due to cost of living pressures, Aussies will be prompted to rethink how they mark Easter.
"Many Australians need to stick to a strict budget this Easter given the current economic climate," she said.
"Start shopping early and price check everything before stepping foot in a supermarket to get the best deals - this also helps shoppers avoid impulse purchasing."
"Shop using cashback apps to earn rebates on Easter spending and consider sharing accommodation costs with friends or family to keep travel costs down."
Tips to save this Easter
- Start planning early. Check prices for what you're planning to purchase. This includes chocolate, pyjamas, restaurants or anything else that is included in your Easter festivities. If you're travelling, you can reach out to friends or family to share accommodation costs or pick up snacks before you hit the road or airport to keep travelling costs down.
- Keep an eye on specials. There may be special promotions or offers for Easter, so keep an eye on those. Aldi may also include Easter products in the Special Buys section of its stores. If you're not planning or travelling or are driving to your Easter getaway, consider buying food in bulk to keep costs down.
- Have fun and DIY for Easter. This tip solves 2 problems: it saves you money and keeps the kids busy. So, if you need cards, Easter baskets, hats or decorations, get the family involved with DIY and craft.
- Can you switch to free up your budget? How long since you've compared your car insurance or home loan? Consider comparing and see if you can get a better deal, it could free up room in your budget to spend elsewhere.
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