October 18, 2024
• 1 Minute Read
In the art of frugality, one cannot forget about this frugal tip — saving & reusing gift bags, wrapping & tissue paper. And with the holidays nearing closer, saving every bit counts. CreditSoup has some interesting statistics on this topic.
We Spend How Much on Gift Wrapping?
On average, a household spends around $15 to $25 per year on wrapping paper. This estimate can vary based on factors like family size, gift-giving occasions, and holidays celebrated.
Smaller households or light gift-givers might spend closer to $10 to $15 annually.
Larger households or those celebrating multiple occasions (birthdays, holidays, etc.) may spend upwards of $30 or more per year.
Some families, like myself, save on costs by buying wrapping paper on clearance after holidays or reusing materials like gift bags and tissue paper.
Quality Matters
The average cost of a roll of wrapping paper can also vary depending on the quality, brand, and where you purchase it.
Budget Wrapping Paper: $2 to $5 per roll (for basic or smaller rolls, often found at dollar stores or discount retailers)
Mid-range Wrapping Paper: $5 to $10 per roll (for higher quality, larger rolls, or themed wrapping paper)
Premium Wrapping Paper: $10 to $20+ per roll (for designer or specialty paper, often thicker or with unique designs)
Stores like Walmart, Target, and Amazon offer a variety of options across these price ranges, while seasonal sales or bulk purchases may help you save.
Wrapping It Up
Gift wrapping around the holidays doesn't have to be expensive. Weigh your options. Look over what you already have, stop by the dollar store if you're in a bind, or simply take advantage of those after holiday sales and get the good stuff for 75% off! If you like our weekly budgeting and credit tips, keep following us here at CreditSoup.com.
- Cost
- No Charge to Find Out if You're Eligible
- Credit Limit
- Varies Based On The Card You Choose
- Card Types
- Cards for Every Credit Type
Highlights
- Cards for every credit score.
- See if you're eligible with no impact to your credit.
- Get personalized card offers in seconds.
- Compare your offers and apply with confidence.
Sources
SUPPLY CHAIN INSIGHTS: https://www.allthingssupplychain.com/the-wrapping-paper-waste-problem-and-what-can-be-done-about-it/
MIND THE WRAP: https://www.mindthewrap.org/
THE COOL DOWN: https://www.thecooldown.com/green-home/wrapping-paper-gift-wrap-holidays-waste-trash/
Editorial Disclaimer: Information in these articles is brought to you by CreditSoup. Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles. The information is accurate to the best of our knowledge when posted; however, all credit card information is presented without warranty. Please check the issuer’s website for the most current information.