Debt is not the reason for the season, but many Americans normally set their finances back a bit for holiday gifts.

Varo, a mobile banking startup, reported that 25 percent of Americans plan to take six months or more to pay off their holiday shopping in its New Year’s Resolutions Survey. Sixteen percent reported one to three months and 46 percent said they would pay their credit card debt within a month.

Varo surveyed 1,005 Americans in November to determine consumer behavior around the holidays.

Though holiday debt is quite the norm, Varo said many Americans fail to calculate certain expenses into their holiday budgets like last-minute gifts, food, decorations and new holiday outfits.

“Nearly three-quarters (74 percent) of Americans say they often fail to budget properly for the holidays,” said Varo in a statement.

Last year, Magnify Money reported Americans took on roughly $1,000 in debt to pay for holiday gifts, citing young parents as bigger culprits than grandparents.

This year, it seems Americans are getting more frugal. According to Varo, 43 percent of survey respondents said they planned to spend less than $250. Only eight percent planned to spend more than $1,000, 20 percent planned to spend between $500 and $1,000, and 28 percent planned to spend between $250 and $500.

The upside of Varo’s report was that more than half of respondents said that saving money was their New Year’s resolution, beating other wish-list items including getting in shape, having more sex, traveling more, buying a home and finding love.