Parents taking more time to save for Christmas, study shows

Mommy Matters

GLASGOW, UNITED KINGDOM – DECEMBER 19: Shoppers look for Christmas gifts on the high street on December 19, 2014 in Glasgow,Scotland. With less than a week until Christmas, traditional high street retailers already under pressure from online shopping, will be hoping that the retail sales boost generated by Black Friday will continue. (Photo by Jeff J Mitchell/Getty Images)

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A new study shows that parents are taking more time to plan and save for Christmas.

The study reveals that one in five parents have been saving up for a year to cover holiday costs.

Parents are spending nearly $250 on presents for each child.

Researchers also found that two-thirds of parents put an emphasis on education when buying presents.

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