Guess How Much People Will Spend on Gifts This Holiday SeasonIt's the time of year to open hearts, minds and, of course, wallets.

It's the season to eat, drink, be merry and spend a decent amount of cash.

Since you probably expect to pick up gifts for your friends and colleagues, purchase airfare to visit your family or buy something nice for yourself -- a new jacket, video game, bottle of wine or vacation -- for when it's all over, now might be the time to make up your holiday budget and check it twice.

Before you start thinking about New Year's resolutions based around themes of restraint and austerity, read up below on all the various aspects of theholidayindustrial complex.

Related:Top 25 Tech Gadgets to Give This Holiday Season

Gifts

A recentGallup pollfound that American adults expected to spend an average of $752 on holiday presents this season. This number is down from last year's average of $830, but more in line with other years since 2010, Gallup notes.

A study from Accenture found that44 percentintend to spend more than last year. A PwC survey found that 52 percent of respondents plan togivephysical gifts, 32 percent said they would be giving gift cards and 16 percent are giving experiences.

Treat yo’self

The National Retail Federation (NRF) found that58 percent of peopleplan to use the holidays as an opportunity to get a little something for themselves -- and spend an average of $139.61 in the process.

Philanthropy

People aren't just buying, they're giving too. This year, PwCpredictsthat customers will donate an average of $244 to charity, and 75 percent of retailers will also make charitable donations of their own.

Delivery

This year, UPS reported that it is on track to ship700 milliondeliveries between Nov. 24 and Dec. 31. According to PwC, in 2016,60 percentof retailers will provide free shipping and returns, and 62 percent of items will be tracked digitally as they make their way to their intended recipients.

Decorations and cards

If you are partial to twinkly lights displays, you aren't alone. According to the NRF, people will spend an average of $207.07 onitems such asfood, decorations, flowers and greeting cards this year.

Food

The annual holiday retail study from Deloitte is predicting that on average people will spend $122 onfoodand liquor to entertain their guests.

Trees

The National Christmas Tree Associationreportedthat in 2015, people spent an average of $50.82 to buy a real tree and $69.38 to buy a fake one. Almost 26 million real trees and 12.5 million fake trees were purchased.

Travel

In 2015, AAA predicted that100.5 million peoplewould get on the road to travel 50 miles or more away from home during last year's holiday season. But if your plans are taking you the skies, this year, CNBC reported that domestic round tripairplanetickets are coming to an average of $338, down from $347 last year.

According to travel booking site Kiwi.com, the city with themost cost-effective Christmas Dayaccomodations是吉隆坡at $51.74. And the most expensive, perhaps unsurpringly, is New York at $527.96.