The holidays are the best time of the year but it is also the most expensive, and thanks to a new study we now know how much the average person is going spend.

Consulting company Deloitte did a study to find out what the average person is going to spend this holiday season, and it is somewhat depressing.

They broke it down into 6 categories that include presents, money spent on decorations, things for yourself, etc.

Here is how the list breaks down:

$487 on gifts.

$348 going to holiday parties.

$212 hosting holiday parties.

$182 on clothing for yourself or your family that ISN'T a gift.

$124 on decorations.

And $110 on random other expenses.

Looks like we better start saving now since the holidays are already upon us!

To see more on the study click the link below:

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