Almost a third of Kiwis plan to cut back on spending on presents this Christmas

A survey commissioned by MYOB has found only 15-percent of people are planning to spend more on gifts.

The average Christmas food and drink budget is 415-dollars, and the average gift budget is 140-dollars.

Almost a quarter of Kiwis will take on more credit than previous years to fund their Christmas.

Almost a quarter will rely on a side hustle, a bonus, or extra seasonal work.