Setting Financial Goals for 2013

Jan 03, 2013

With the hustle and bustle of Christmas just behind us, it can be easy to forget about planning for next year’s finances. However, a little preparation now can make for a more successful upcoming year. Before looking ahead to next year’s spending, let’s take a glimpse at the 2012 shopping season.

Holiday Shopping 2012

The majority of Christmas shoppers are last-minute gift-givers. By mid-December, the average person had only completed 56.5% of their Christmas shopping. Surprisingly, this figure is up from last year’s 46.5% and ranks as the highest percentage in the survey’s 10-year history. Still, just 11.3% of Americans had finished their shopping by mid-month. We’re procrastinators, it seems.

This year, more than 53% of shoppers bought apparel and about 42% purchased toys. Both categories show a significant increase from last year, up from 44% and 36%, respectively. Electronics, books and other personal entertainment items have also been popular, as 43% of shoppers have picked up at least one of these items.

Looking Beyond: What’s in store for 2013?

With the New Year comes a fresh start. Make 2013 the year you plan out your budget and consolidate your finances. To help start things off, check out our 2013 planning checklist below. Here’s to new beginnings!