This is how much Offaly people spend on Christmas each year!
New research commissioned by Circle reveals how generous Irish people are at Christmas with over half the population giving more than they receive.
Circle, the free social payments app which makes it easy to send, receive and request money from anyone in your phonebook, commissioned Amarach to conduct a nationwide survey to expose how much the spirit of Christmas costs.
According to this research, adults in Leinster calculate they lose out by an average of €242 on festive scenarios including pub rounds, christmas parties, group presents and the forgotten gift cards.
Men claim to be left out of pocket most at €275 compared to women with €222. Those aged between 34-44 stand to lose the most money.
Better to give than receive?
Half of respondents (50%) feel they spend more on presents they give than those they receive with €120 being the average perceived difference. Respondents over 55 years of age claim the biggest difference (€143) and respondents between the ages 16 and 24 claim the smallest difference with (€67). 56% of women feel they have spent more on presents than they have received in return.
The survey revealed that over the Christmas festivities, we lose on average €50 for pub rounds and €83 on Christmas meals out. Men in particular claim to be left short in pubs and restaurants whether it is friends or family who dodge their round or do not pay the restaurant deposit.
Those who plan to share the cost of an expensive present can stand to lose €119 on group presents where not everyone who signs the card contributes their share of the cost. Nearly a third (31%) of respondents admitted they have met this fate with close to half of 16-24 year olds (49%) left short.
To save us from the Naughty List, Circle have introduced Groups for sending and receiving money between friends and families in a group chat across multiple currencies and for free. Groups can contain up to 20 people. Simply Request money from each member of the group and keep track of who has paid.
The app can be used in everyday situations to collect money such as splitting the bill between friends, gathering deposits for the annual Christmas night out or chipping in for a present for dad.
Ever receive a gift card at Christmas and forget about it? According to Circle’s research, on average €68 is wasted on unused gift cards.
To solve this problem Circle introduced GIFt cards, combining all the joy of gifs and formal gift giving with none of the downsides. GIFt cards allow people to send a chosen amount of money with a personalised animated GIF. The digital cash, which can be stored on a phone or transferred into a bank, never expires. It can be spent on whatever the receiver desires - whether it’s €50 towards St. Stephen’s Day Sales shopping or the Post Christmas Gym Membership.
Marieke Flament, Circle Managing Director Europe, “Christmas is an exciting time of the year socially and while it is great that Irish people are so generous, there are definitely some naughty friends and family that can forget to pay you back. To avoid the bickering over Christmas dinners, both at work and at home, download Circle for free and send or request money in an instant. Circle really is the app that can save Christmas!”.
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