MyState Bank Christmas Savings Report 2025
Christmas might come at the same time every year, but the way Australians prepare for it is shifting. Our latest research uncovers how Tasmanian’s plan, save and spend and we uncover the real pressures shaping Tasmanian festive household budgets this year.
The MyState Bank Tasmanian Christmas 2025 Savings Research report shows something many Australians can relate to. While 52% planned to save ahead for Christmas, real life often got in the way. Unplanned expenses were the biggest barrier, with 33% saying surprise costs stopped them from starting a Christmas savings fund.
What stands out from the findings is people want simple, hassle free ways to save and stay ahead of Christmas costs.
Key research findings include:
What’s driving Christmas stress
For many people, Christmas isn’t always “the most wonderful time of the year” and the research shows four clear reasons why.
- Financial pressure
- Time pressure
- Social expectations
- Family and relationship dynamics
Christmas spending is rising
Despite rising costs, Tasmanians are continuing to spend on Christmas.
- Average expected spend on top of regular monthly expenses: $1,150
- Increase from last year: +12%
- Many are looking for ways to plan and save smarter to ease last-minute stress.
How Australians get ready for the festive season
- 20% start planning over six months ahead
- 39% don’t save specifically for Christmas
- Only 28% of Australians started saving early for Christmas 2025
Read the full Tasmanian Christmas Savings Research report and see how your festive savings and spending habits stack up.
About the Research
The Tasmanian Christmas Savings Research was conducted by Creak & Ford for MyState Bank between 31 October and 11 November 2025, with a representative sample of 408 Tasmanians.
