Did you know that Australians spend nearly $20 billion on gifts every year? Do you know how much Australians spend on birthdays, weddings and Christmas and what are the new trend in gift giving and how to better budget for it?
In this year’s Financial Planning Week, Financial Planning Association (FPA) explores the topic “Gifts that Give”, and delves into Australia’s gift-spending habits.
EBOOK – GOODNESS OF GIVING
The FPA has launched a new eBook, Goodness of Giving, which is full of inspiration for gift- givers. The eBook offers useful tips to budget for gifts, top gift ideas for special occasions including kids’ birthdays, weddings and Christmas and the art of conscious gifting. You can also access the online FPA Gift-Giver Personality quiz to find out what kind of gift-giver you are.
RESEARCH REPORT – GIFTS THAT GIVE
The FPA’s Gifts that Give research report delves into how much Australians spend on gifts, our preferences between cash and tangible gifts as well as how Australians plan their gift giving. The research highlights that we’re a nation who cares about the quality and longevity of the gifts we give. More than 80% of us consider how long a gift will last when we choose it. A financial plan is one type of gift that leaves a legacy.
Four in five Australians aged 18-39 (81% of Gen Z and 76% of Gen Y) would like to receive the gift of time with a financial planner who could help them create a plan to achieve their life goals and provide peace of mind they are making smart financial decisions.
You can download the free eBook, access the Gifts that Give research report and find other useful content at www.moneyandlife.com.au
Until next time.