To be honest, I have always wondered whether it is worth purchasing a Chrisco hamper. Every year around Christmas time when the glossy Chrisco TV adverts appear, I wonder whether it would work for me and my family. You see, there are many parts of the Chrisco concept that really appeal to me. The simplicity of choosing your hamper at the start of the year, then making automated payments weekly/fornightly or monthly and then ‘ta da’ a bunch of branded food products arrive at your door just in time for Christmas. It does sound like it takes some of the hassle out of Christmas. Yet, I have never done it. So this year, I decided to do the math and figure out whether the value really stacks up. This is how I went about it and what I found out.
I went on to the Chrisco site and I chose the “Traditional Christmas” hamper (click here to check it out). It includes a range of sweets, a ham, a couple of chickens, ice cream, frozen veges, loads of sauces and of course the all important Tim Tams! It might be a little bit big for my small family of 3 but my mother and sister join us for Christmas day and then the relos from New Zealand pop across on boxing day so I think it is the type of hamper that would get us through the Christmas/New Year period relatively well fed :-). Now Chrisco say that the total value of the hamper is $426.40 or $8.89 per week.
It was really easy to check the value of the hamper, I just went to the Woolworths internet shopping site (which could have just as easily been the Coles site), typed in each product and found the Woolworths price. If I could not find an exact match for the product I chose another brand with the same size or for some things I found the same brand but a different size (these are all annotated in my spreadsheet, us finance geeks love a good spreadsheet :-)).
To my surprise, the hamper valued at $426.40 according to Chrisco was only worth $306 according to Woolworths!!!! Which means I save $120.40 by buying the same goods direct from Woolworths!!! A whopping 28% difference!!!! I thought there might be some difference, but I had no idea that the difference would be that big. On their website Chrisco admit that they “do charge a little more than some supermarkets because of all the extra costs”, including the costs of collecting payments, special packaging and distribution. But to me 29% is a whole lot more than “a little more”. So, I am sorry Chrisco, in 2014 you will not be getting any of my hard earned cash, as the value of your hampers simply does not stack up.
Note: If you would like to check out my calculations please click here. Interestingly, my blogging buddy Elise from Mummy Hearts Money looked at her Chrisco order in 2012 and came to a similar conclusion. Click here to see her post.
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