Color us all shocked, right? It looks like spending will go up for this holiday season. A new report is saying that spending will go up 5% this year meaning consumers will each spend about $1,250. They break that spending down further with $693 for gifts, $361 on travel and $196 on entertainment.

The good news is that more than half of people will be using their money to buy gifts for family, which is always a plus. However, 28% are still all about treating themselves! Other findings show that men will probably be spending this most, with men projected to spend over $1,4000 whereas women are expected to spend around $1,100.

Bottom line, the holidays are almost here and you should start saving or even start shopping to help ease the hurt on the wallet.

Happy Holiday shopping and read more about this year's spending habits here.