Business and Personal Finance
Are You Mature Enough To Buy A Home?
Should Sports Teams Receive Tax Breaks?
Is A Retirement Career Right For You?
Who Benefits From ETFs In 529 Plans?
Why You Shouldn't Die In 2013
How To Determine Your Business' Target Market
Who Does The Current Tax Code Benefit?
Savings Plans That Can Make Good Christmas Gifts For Kids
Varieties Of Brokers And How To Pick The Best One
Why Credit Card Debt Levels Are Rising
Benefits Of Paying Off Your Mortgage
How To Recommend A Stock
Are Distressed Homes Worth Buying?
How To Get A Relocation Allowance
How To Start A Charity
4 Business Partnership Mistakes To Avoid
How To Spot Knockoff Labels And Fake Products
8 Qualities That Make A Good Insurance Agent
Using Social Media To Reach Customer Service Departments
How To Make Money Busking
The Difference Between Being Fired And Resigning
3 Banking Moves You Should Make Before Traveling
What To Do If Your Company Cuts Your 401(k)
Money Saving Tips From Your Grandparents
The Cost Of Santa's Trip On Christmas Eve
The North Pole operation, sometimes called Santa, Inc., has quite a large operating budget. Accounting firm ParenteBeard put some numbers together about Santa's overall costs. It estimated that the whole operation costs $42 billion per year. We wondered how much of that amount was spent just on the distribution of the already-manufactured toys.

Santa's reindeer must be the most elite animal athletes, like Kentucky Derby caliber horses. Maybe Santa raises his own reindeer, but it might be cheaper to purchase the reindeer and hire trainers, vets, farriers for the shoeing, trainers and stable attendants. An elite Kentucky Derby horse sells for around $3 million, and it will cost around $6,000 per month to maintain. For the nine reindeer, if they are of comparable cost to Kentucky Derby horses, it will cost $54,000 per year for maintaining them and $27 million to purchase them.

However, here's the bigger problem as pointed out by CNN. Nine reindeer pulling a sleigh loaded down with enough toys for 526 million kids aren't going to make it very far. It's going to take at least 100 reindeer to make it happen. That's $4.8 million to raise them and $300 million to purchase them. That would make the cost of the reindeer for just that one day about $85,000.

Elf Baggage Workers
Who loads the sleigh? The elves do. Just like at the airport, somebody has to be in charge of loading. How long will it take to load a sleigh for 526 million kids? That's proprietary information, but let's assume that it takes 500 baggage handler elves 40 hours to get the job done. The average pay for a baggage handler at the airport is about $12 per hour, which comes out to $240,000. Since they're temporary workers, Santa wouldn't have to pay benefits. That might seem high, but what if Santa used the airlines? Think of the checked-bag fees on that number of presents.

Don't be fooled. It might look like Santa is flying around with just a big furry coat, but science would likely prove otherwise. In order for the reindeer to make the journey, longer trips would have to take place high up in the Earth's atmosphere to cut down on resistance, make for a smoother flight and get above the aircraft that might see Santa. Think of the recent jump from 24 miles above earth by Felix Baumgartner. He had to wear a sophisticated suit to both pressurize him and keep him warm. A spacesuit costs about $12 million. One decked out in full Santa fashion may cost even more.

Milk Safety Testing
Who knows how long the milk has sat out for Santa? The economy isn't what it used to be so not as many houses will leave milk and cookies, but let's assume that 25% do. Food and beverage tests average about $1 each, so that would be $131 million.

Sleigh Insurance
Insuring a semi is about $2,000 per year. Santa's sleigh must also transport cargo so one could expect similar costs.

Liability Insurance
What if his sleigh falls through a roof? Since Santa has special insurance needs (and he's landing on the tops of many houses) that could be expensive, but since he hasn't fallen through a roof that we know of, we can estimate it would cost about $2,000.

The Bottom Line
Much of Santa's distribution methods are proprietary. A lot of engineering goes into his complex distribution network. There are rumors that the sleigh is now computerized just like modern cars and that Santa has a custom money-saving app with maps for the sleigh ride. After adding up all the known expenses, the cost of Santa's Christmas Eve business trip is roughly $500 million dollars.

How Inflation Affects Your Net Worth
Ways To Destroy Your Net Worth
Rebalancing Your Portfolio For The Fiscal Cliff
Why Santa Is The Shrewdest Businessman
Gift-Giving Etiquette
How To Financially Prepare For A Doomsday Scenario
What People Spend On Christmas Around The World
5 Most Financially-Lucrative Toy Fads
Is Free Shipping Worth It?
How Much Your New Year's Partying Could Cost You
The Fiscal Cliff And Your 401(k)
Fiscal Cliff Implications For Year-End Tax Planning
5 Viable Career Options In 2013
Save Early For Retirement If You're A High Earner
Languages That Give You The Best Chance To Broaden Your Career
Top-Paying Contract Positions
A Look Into Proposition 30
The Real Risks Of Entrepreneurship
What New Student Loan Repayment Options Mean
3 Famous People With MBAs
How To Play Dividends During The Fiscal Cliff
The Highest Paying Jobs In 2013
Top Employment Skills For 2013
Don't Judge Your Partner Based On Credit Score
Most Affordable Cups of Coffee
Planning Your Retirement Using The Monte Carlo Simulation
How To Dine Out Without Breaking The Bank
The Real Cost Of Volunteer Tourism
Top 5 Business Alternatives To Facebook
Plethora Of 401(K) And IRA Changes Coming
How To Improve Net Worth By Decreasing Liabilities
6 Top-Paying Freelance Jobs
Should You Poach Clients From Other Advisors?
Gifts For People You Aren't That Close To
How The Fiscal Cliff Could Affect Your Net Worth
Why You Should Know Your Net Worth In Retirement
How Credit Cards Will Change In 2013
Why You Should Know Your Net Worth In Your 20s
Students: Don't Be Afraid Of Your Net Worth
Average Net Worth Of The 1%
6 Tips For Increasing Your Net Worth
Share 0 Disqus Net Worth Of Citizens Around The World
The Cost Of Santa's Trip On Christmas Eve
Why You Should Embrace Online Shopping
How To Advise A Couple Starting A Family
7 Tips For Outlet Mall Shopping
All I Want for Christmas Is A Santa Claus Rally
Social Faux Pas Made By Frugal People
The True Cost Of Pharmaceutical Scandals
Will Your Net Worth Be Affected By A Recession?
Are You On Track To Hit Your Desired Net Worth By Retirement?
Net Worth Throughout Your Life