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Spooky, Halloween is just over a week away and surprisingly Canadians plan to spend just $75 on the ‘holiday’ according to a survey by RetailMeNot.ca. With the cost of candy, costumes, and parties, I assumed that we would be spending much more, but then again it’s not too far off the expected spend last year of $70.

80% of Canadians believe that Halloween costs are getting more expensive. Costumes seem to only go up in price and candy portions are just getting smaller. There are some deals, since it’s just over a week away to Halloween many retailer have put their costumes on clearance. Grocery stores have also put sales on their candy to try and reduce stock. There’s also the good old do-it-yourself costume options, but some people seem to take it a bit too seriously these days.

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These gals are cosplaying but you get the idea.

These gals are cosplaying but you get the idea.

I loved Halloween as a child. What child wouldn’t like a holiday built around candy? Turns out a lot of adults love Halloween for the Candy too; 56% of us plan to buy candy for ourselves but just half of us plan to give out candy. We love candy so much that 25% of those surveyed admitted to taking candy from a child, hopefully it was from their own child. If you need a candy fix, don’t forget that come November 1st candy is heavily discounted at all stores.

Halloween has become increasing popular among adults with 1 in 3 of us planning to attend a Halloween party where alcohol will be served. Spooky costumes are still the most popular choice coming in at 17%, but the sexy costumes still get 12% of our attention.

Ways to save on Halloween costs

Shop on Nov. 1st – It may be too late for this year but loading up on Halloween supplies and decorations on November 1st will save you a ton of money.

Reuse costumes – Halloween costumes have practically turned into prom dresses. You wear them for a few hours one night and then it sits in your closet forever. Don’t be afraid to reuse your costumes.

[/fusion_builder_column][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][icon name=”share”] Related: How Much Does Prom Cost?

Don’t dress up your pet – I get it, our pets look hilarious in costumes but if you’re looking to save, FIDO can do without a costume.

Don’t decorate – If you’re already giving out candy don’t feel obligate to decorate your home. Kids want candy, they won’t be upset if you haven’t set up a haunted house.

Plan ahead – Halloween is the same day every year. If you plan on spending money on Halloween then budget for it so you’re not caught without any cash in hand.

Final word

Halloween costs may be rising but it’s still a day that everyone enjoys. All we can really do is watch our budgets and try not to let our spending on this day get out of hand.

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11 Comments

  1. Dan @ Our Big Fat Wallet on October 23, 2014 at 7:25 PM

    Halloween candies are getting smaller (and more expensive) and the costumes are getting skankier. Sign of the times….

    • Barry Choi on October 23, 2014 at 10:13 PM

      Dan,

      Skankier = less material = more costs = wha?? Small chocolates make me sad. November 1st I’m going on a candy run.

  2. Christine @ The Wallet Diet on October 24, 2014 at 9:43 AM

    You can also recycle a costume! I sold my costume from last year on Kijiji and got back about half the money I spent on it. Mind you, I was Wayne from Wayne’s World and it was only the hat but hey, it’s something 🙂

    • Barry Choi on October 24, 2014 at 12:57 PM

      Christine,

      I really need to use Kijiji more. I keep hearing stories about people selling random stuff. Wonder what’s better Kijiji or Craigslist.

  3. krupo on October 24, 2014 at 10:54 PM

    I’ve seen some amazing Lego costumes made with paint/construction paper and cardboard. Matching team costumes. So cool, craft-costs aside, not expensive. 🙂

    • Barry Choi on October 24, 2014 at 10:58 PM

      Krupo,

      Yes for sure do-it-yourself costumes are a great way to save money assuming you don’t go crazy. Seems to be the store bought stuff that has gone up in price.

  4. Mark Seed (@myownadvisor) on October 25, 2014 at 10:38 AM

    I don’t mind some of the costumes for women….just sayin’ 🙂

    I think we spent $100 on two costumes (buying some used clothing) and candy for the kids that come to the door this year. I didn’t think that was too bad. The candy was free thanks to Air Miles cash rewards ($25).

    • Barry Choi on October 26, 2014 at 12:18 PM

      I haven’t dressed up for Halloween in years. The last time I did it, I got a painters suit and drew on it like I was Buzz Lightyear. I’d happily spend $100 on chocolate for myself!

  5. Naomi @ Rising Net Worth on October 26, 2014 at 12:03 PM

    I would totally be one of those people that creates my own costume. I don’t like spending unnecessary money on anything. As for the candy, yes we’re paying more for less. I’m tempted to leave my porch light out this go ’round!

    • Barry Choi on October 26, 2014 at 12:19 PM

      Naomi,

      I would probably make my own costume but I always work nights so I’ve never had a reason to dress up. I noticed even the snack size candy bars have gotten smaller. What’s up with that!

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