Two-thirds of Canadians plan to be Money Savers and Budget Makers this holiday season

Two-thirds of Canadians plan to be Money Savers and Budget Makers this holiday 
-TD Canada Trust and shopping expert Lynn Spence provide tips to 
help holiday shoppers stay on track and save money - 
-Regional releases and a TD Canada Trust infographic on managing 
your holiday budget can be found at: - 
TORONTO, Nov. 21, 2012 /CNW/ - The holiday shopping season is here and 
Canadians are looking for ways to save and make the most of their budget. 
According to a recent survey by TD Canada Trust, when asked what type of 
holiday shopper they would be this year, the majority of Canadians said they 
plan to spend very little and only what they need (37%) or that they would 
budget and manage their spending to ensure they don't overspend (35%). 
The research also found that while the majority of Canadians (60%) say they 
plan to create a holiday shopping budget, more than a third (37%) think their 
intentions might slide, saying it is likely they will spend more than they 
planned. On average, Canadians plan to spend $842 on gifts and other holiday 
expenses such as food, decorations and entertainment during the holiday 
season- with 21% spending more than $1,000. 
"The holidays can be busy, so to reduce financial stress and avoid spending 
more than you should, it's important to make a shopping plan, create a budget 
and monitor your spending," says Raymond Chun, Senior Vice President, TD 
Canada Trust. "Finding ways to enjoy the holidays without breaking your budget 
will not only help make the season more cheerful, but will also help you 
welcome the new year with more money in your pocket." 
When it comes to saving during the holiday season, the majority of Canadians 
are likely to take advantage of store sales, discounts, coupons and exclusive 
deals (78%) and conduct online research to find the best deals (62%). 
Thirty-nine per cent also say they are likely to redeem rewards points and 16% 
say they are likely to re-gift to reduce holiday expenses. 
"During the holiday season it's important to make the most of your budget by 
finding ways to minimize spending, while maximizing gift-giving and other 
holiday purchases," says Lynn Spence, Decor and Fashion Shopping Expert. 
"Start by setting a spending limit per gift and making a list of practical 
gifts that you know those on your list will appreciate. Next, look for sales 
that are on now. Spend time planning how you can best take advantage of online 
and in-store time-sensitive sales, price-match guarantees and price 
adjustments opportunities. But remember, don't buy a gift only because it's on 
sale. Choose meaningful gifts, and then find ways to save." 
Regardless of your budget, Chun offers the following advice to help you stay 
on track this holiday season: 

    --  Plan: Even if you've already started hitting the malls, it's
        not too late to devise a holiday shopping plan. Make a list of
        what you want to purchase in each store to avoid impulse
        spending plus research the best prices and sales online. For
        Canadians who plan to purchase holiday gifts online (38%) in
        addition to conducting research, there are now more than 21,500
        e-commerce merchants in Canada that accept Visa Debit, allowing
        you to shop online using funds directly from your bank account.
    --  Budget: Determine what you can realistically afford to spend
        and create a budget. To get a better idea of what you might
        spend this year, look online at last season's bank or credit
        card statements. Remember to add categories for other holiday
        expenses aside from gifts, like eating out, decor, and travel.
        Take advantage of the financial services and
        that are available to help you manage your money during the
        holiday season.
    --  Monitor Spending: While 21% of Canadians say they don't plan to
        track their holiday spending, it's one of the easiest ways to
        avoid overspending. Using one debit or credit card for all your
        holiday purchases can be a convenient way to stay on top of
        what you're spending. Remember, while a credit card can help
        you track your spending and earn rewards, only use it if you
        can afford to pay off the balance in full and on time. Don't
        forget to check your account regularly. If you find you are
        overspending in one area, see where you can cut back - such as
        redeeming rewards points for gifts - to get your budget back on
        track. Canadians can also visit
        TD Helps
        to ask questions about saving and managing money during the
        holiday season.

Top 5 holiday gift-giving tips from shopping expert Lynn Spence:
    --  Don't wait for the last minute to shop. It's easy to spend
        badly when you're short on time.
    --  Make sure to budget for a few extra gifts for any unexpected
        guests to your home, and hostess gifts for any extra parties
        you attend.
    --  If you have a large family, organize a gift exchange to reduce
        the number of gifts you need to purchase. Or, agree ahead of
        time that everyone will only buy gifts for the children in the
    --  Plan a dinner out with friends instead of purchasing gifts for
        each other. The memories you'll create spending time together
        are more valuable.
    --  Gift cards are a great way to stretch your gift-giving dollar
        further, as it allows those on your list to take advantage of
        all the sales after the holidays.

About the TD Canada Trust Holiday Survey

TD Bank Group commissioned Environics Research Group to conduct an online 
omnibus survey of 1,510 Canadians 18 years of age or older. Results were 
collected between October 29 and 31, 2012.

About TD Canada Trust 

TD Canada Trust offers personal and business banking to more than 11.5 million 
customers. We provide a wide range of products and services from chequing and 
savings accounts, to credit cards, mortgages and business banking, to credit 
protection and travel medical insurance, as well as advice on managing 
everyday finances. TD Canada Trust makes banking comfortable with 
award-winning service and convenience through 24/7 mobile, internet, telephone 
and ATM banking, as well as in over 1,100 branches, with convenient hours to 
serve customers better. For more information, please visit: TD Canada Trust is the Canadian retail bank of TD Bank 
Group, the sixth largest bank in North America.

Sheri Papps / Jillian Turgeon Paradigm Public Relations 416-203-2223 /

SOURCE: TD Canada Trust

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CO: TD Canada Trust
ST: Quebec

-0- Nov/21/2012 13:29 GMT

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