Halloween spending to hit record $13.1B — Here’s how to save
Halloween spending is expected to hit a record $13.1 billion this year, but these tips on costumes, candy, and decorations can help you save money
Halloween spending is expected to hit a record $13.1 billion this year, but these tips on costumes, candy, and decorations can help you save money
Halloween spending is expected to hit a record $13.1 billion this year, but these tips on costumes, candy, and decorations can help you save money
Halloween is almost here, and Americans are spending more than ever.
The projects consumers will shell out a record $13.1 billion this year on costumes, candy, décor and even greeting cards. Costumes remain the biggest expense, totaling about $4.3 billion. Decorations account for $4.2 billion, candy $3.9 billion and greeting cards $700 million.
Average per-person spending is projected at $114.45, also a record high. Of that, people will spend $37.62 on costumes, $36.85 on decorations, $34.24 on candy, and $5.74 on greeting cards.
Families don't have to let spooky season scare their budgets. Here are some strategies to save money this year.
Costume savings
Consumer savings expert Andrea Woroch recommends shopping secondhand to save on costumes.
"You can go to local marketplaces like Facebook Marketplace, OfferUp, or go online to eBay or even a site like Poshmark, where you can buy gently used Halloween costumes," Woroch said.
She also suggests organizing a costume swap with friends or neighbors. Local "Buy Nothing" groups on Facebook, where neighbors give away items for free, can also help families cut costs.
Decor deals
Woroch recommends mixing secondhand finds with deals at discount retailers.
"My favorite places to shop for Halloween décor would be a retailer like HomeGoods or TJ Maxx," she said. "Look for Halloween décor that will last, though, so that this way, whatever you’re buying this year, you know, you’ll have it for several years."
Candy costs
The latest shows candy and chewing gum is up 8.1% compared to last year.
"We know prices on food and candy and chocolates have gone up, so it’s important to look for savings," Woroch said. "I like to buy in bulk, especially from a warehouse club store. This is where you’re going to get a better bang for your buck."
Families can also stretch their dollars by splitting bulk packages with neighbors or by planning trips around store sales. Grocery chains often rotate candy promotions week to week.
If you’re willing to cut it close, Woroch said Halloween Day itself is often when candy is marked down the most.