COMMENT:

Right about now, there's a tremendous Santa-sized pressure to deliver – deliver the best Christmas experience possible at home.

For those of us who celebrate, it's all on to make it happen!

When we start comparing our spending with others, it makes things even more difficult.

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Christmas is meant to be a joyful time, but as it's been said, "comparison is the thief of joy". Where did all this pressure come from?

Happily, this Christmas, I come bearing a gift.

Here's a secret about holiday spending

While it seems that everyone around us is spending more than we are, it's often not true. That's just how it feels.

Somehow we've got the idea that everyone else is pumping more money into Christmas than we do. And that unfortunately leaves us with the perception that we're being left behind, that we're missing out.

CFFC's latest "barometer" survey of people's finances shows that 40 per cent of us who celebrate think we're spending less than our peers. Only 16 per cent of us think we're spending more.

People report spending on average of $81 on each present they give. When asked how much they think others spend, the average was much higher: $102.

Those of us aged 18 to 34 spend $93 on average and think others spend $112 on average. Even those of us aged 65 and over spend $59 on average and think others spend $78.

So many of us have got the wrong idea about how much others spend – and this perception is only turning up the stress. We feel like we're being left behind, that we're missing out.

Some of us feel the pressure even more

Māori report spending an average of $94 per present and see others as spending $119. For Pasifika it's even higher: they spend $97 and see everyone else as spending $122 on average.

And 48 per cent of Pasifika and 36 per cent of Māori say they feel pressure from family or community to spend more on Christmas than they would like to.

For all New Zealanders, 25 per cent report feeling this pressure, particularly 18 to 34 year olds (36 per cent). Only 8 per cent of those aged 65-plus say they feel it.

Media and social media

The pressure many of us feel to "keep up with the Joneses" has got worse with social media. Most people post only their top experiences on their streams, presenting a highly curated version of themselves – their "best life".

So when we compare ourselves to our friends, since real life is far more messy (and interesting, I'd argue), it can leave us feeling like our lives are somehow less than theirs. And that can prompt us to spend more.

Then there's traditional media and advertising. These are "always on" this time of year, and that only ratchets up anxiety levels.

Unfortunately, people in the worst financial situations feel this media pressure most. Among those who say they're "sinking a bit" with their money, 21 per cent feel pressured to spend more on Christmas than they'd like to. Of those who are "sinking badly", 32 per cent say they feel pressure.

The goal: more Christmas from our spend

Hopefully, all of this should allow us to relax a bit when it comes to Christmas spending. We need to deflate a few perceptions out there and get back to the core of Christmas – creating a celebration to share with family and friends.

May our spending achieve just that. No pressure!

- Get Sorted is written by Sorted's resident blogger, Tom Hartmann (@TomHartmannNZ). Check out the guides and tools from Sorted – brought to you by the Commission for Financial Capability – at sorted.org.nz.