How to get through the holiday season without breaking the bank

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How get through the holiday season without breaking the bank

Decorations, food, gifts, the cost of Christmas is much higher this year for many families.

The dumplings are in the oven, the gifts are under the tree and the family will soon be there. But your wallet took it for the cold. You are not fooled, everything is more expensive this year.

Simone Webber loves Christmas. In his family, it is a symbol of sharing and joy.

At Christmas, you spoil yourself. We say: it's Christmas, we're going to buy things. This year it's Christmas and no, we're not buying all the things.

Second-hand decorations were bought or made by the children. She also plans fewer outings, and even if she will buy a turkey (at Costco), she will ask the guests to collaborate on the meal.

Faced with galloping inflation, thousands of families are forced to revise their Christmas budget downwards.

Simone is not the only one in her situation this year. Four out of 10 Canadians have seen their household's financial situation deteriorate.

According to a survey by Deloitte, average total spending per household for the holiday season will fall by 17 %.

Everything costs more, from turkeys (+17%), to Christmas trees (+15%), to toys (+6.8%), the gas (+17%) and flour (+23%), it is clear that traditions could be more expensive this year.

Journalist Margaud Castadère explains how inflation is affecting Canadians' holiday budget this year.

Martine Locas-Beauchesne has five young children and is in school. This year, she decided she should do things differently. The clothes are second-hand and she favors activities at home with friends rather than going out.

According to Pascal Haché, establishing a budget and sticking to it is also essential. We try to have a little more control on that side, he says.

Angélique Gallien, for her part, is modifying her traditions a little.

“We always make pies, but this year we decided to put less beef and more pork. It's good the same and it costs less! »

—Angélique Gallien

Martine Locas-Beauchesne and Pascal Haché explain how inflation affects the budget of their families.

Some people will choose to vary their menu to save money.

But for others, traditions are sacred, like serving a turkey at Christmas dinner. Depending on its size, the animal may have cost you $50, $60, or even $75. No way to throw away leftovers.

Moncton chef Luc Schofield offers to turn leftover poultry into three weeknight recipes.

Chef Luc Schofield explains how to avoid wasting leftover turkey by turning it into poultry pie here.

As a new year dawns, Université de Moncton economist Pierre-Marcel Desjardins believes that the inflation will unfortunately not disappear with the arrival of 2023, but that it should slow down slowly.

Things are starting to improve, but it's slow and it's still going to be difficult.

According to the Economist, we are very likely to experience a recession for the first two quarters of the year, the inflation statistics for December and January will be decisive.

Karine Godin talks with the economist, Pierre-Marcel Desjardins, about the economic outlook for 2023.

This means that Canadians will have to #x27;arm patience in the face of inflation. Simone Webber would like the government to give Canadians a gift by reducing taxes and fixing the prices of certain basic necessities.

With information from< /em> Telejournal Acadie

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