Spending Limits, Not Being Selfish Are Keys to Happy Holiday: Study

With the holidays approaching, everyone is getting ready to empty their wallets. But that may not necessarily bring cheer, especially when it comes to getting a gift for that special someone in your life.

 A new survey of more than 1,000 married couples shows how couples handle gifts for each other, and found that one in five people have forgotten to buy their spouse a gift.

 Most people really are that selfish. Almost a third of them say they spend more on themselves than they do on their spouse during the holiday season. When it comes to a spouse’s gift, the survey showed that 70 percent of couples set an agreed limit on how much they should spend on gifts.

 Out of the 30 percent who do not set a limit, almost one-fourth of couples wish that their partner spent more on them, compared to only 10 percent of people in relationships where a limit is set.

 Those who did set limits report being more satisfied in their marriages than those who don’t.

 But agreeing on a number isn’t the answer to all your holiday money woes. Almost half of people who set a spending limit don’t honor it. While 81 percent spend more than they said they would, 19 percent let their partner think they spent more than they actually did.