Australians are cutting back on festive spending this year, with estimates showing shoppers are likely to slash the total budget by AU$1.6 billion, compared to last year.

According to Finder's latest research, the average Australian plans to spend AU$1,357 on Christmas, which constitutes AU$28.4 billion nationwide. Compared to the average spend of AU$1,479 (AU$30 billion countrywide) in 2023, this indicates........

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