Christmas is a time of year when wallets feel the crunch – and it seems many have been scaling back their Christmas spending this year. 

A Westpac survey conducted just before Christmas revealed that 45% of kiwis were planning to spend less over the holidays than last year. 

72% of respondents were extremely or moderately concerned with the cost of living. 

Westpac Financial Wellbeing Programme Manager Warren Ngan Woo tells Tim Beveridge a good tip for spending at this time of year is to have a list. 

“Have a list because you could easily be swept up by all the lovely marketing that’s in the shop, to buy other things.” 

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