Aussies 'will keep a tighter grip on credit cards this Christmas'

By Mozo ·

Christmas usually entails lavish spending, but 2011 may be an exception to this rule, as a new study has shown Aussies will be more frugal with how much they shell out on their credit cards.

Research undertaken by IBISWorld indicated the average shopper will spend $1,213 this Christmas, which is actually a 3.3 per cent increase on 2010.

However, once annual inflation is taken into account, the figures are very similar and more than one-third have revealed they plan to spend less on gifts, food and other festive staples this year.

"In 2011, Australian shoppers have been savvy, seeking out the best value for money, the best range and the best service. This trend is anticipated to continue through Christmas," commented IBISWorld general manager in Australia Karen Dobie.

Despite this, credit cards could be used more, as the number of people opting to buy items online rather than head to a shop is set to grow sharply.

PayPal recently revealed online stores are becoming increasingly popular, with 80 per cent of Aussies admitting they had made a purchase while using their work computer.

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