The Cost Of Christmas Concerns Consumers
Many britons are concerned about the cost of Christmas and how they will manage.
It has been reported by CreditExpert that 45 per cent of people have concerns about the extra expense involved in the build-up to the festive period and the impact it will cause on their budgets. The credit file company also pointed out that four in ten Brits intend to spend less money on presents than they did in 2007, in the hope that they can manage their finances over the Christmas and new year period. Consumers intend to spend 22 per cent less this year, that's an average spend of 301 compared to the 387 spent last year.
It's likely that the concerns over spending, has been made more dramatic due to the current financial climate. Some 53 per cent of people do believe that the credit crunch has caused them more financial difficulties, due to the credit crisis, making it harder to manage their finances.
23 per cent of Britons are preparing to raid their savings, while 12 per cent are hoping to get overtime or attempting to secure a pay rise to manage various expenses in the run-up to Christmas. Another solution could be to get a cheap loan, if looking for an effective way to borrow to cover the cost of Christmas.
According to a survey, just over a quarter of people said that they will celebrate this Christmas, as they always have done and will think about the financial consequences in the new year. This could cause further problems for consumers, not being able to manage their repayments on personal loans and household bills etc.
According to a study, some 39 per cent of people intend to recycle old gifts. They hope to do this by getting any old or unwanted gifts received in past years and give them out to friends and family. Mr Hodgkins, the managing director for CreditExpert said: "Although the cost of Christmas is a major concern and recycling is an attractive option. Make sure that the present does not land back to the person that originally gave it to you, as it could cause upset and create an awkward situation!
Whatever you do spend this Christmas, you can improve your finances by remembering the crucial thing is to borrow responsibly. To give yourself the best chance of getting a good deal with a lender, its important to check your credit report to make sure you have a good credit status."
A recent study by Savebuckets showed that just under a quarter of Britons are still paying off debt from last Christmas. If looking to borrow money to cover the cost of Christmas, you may want to consider a low-cost loan to pay for presents or food. By choosing this option, consumers can meet these expenses quickly, but leave them with an affordable monthly repayment each month.
It has been reported by CreditExpert that 45 per cent of people have concerns about the extra expense involved in the build-up to the festive period and the impact it will cause on their budgets. The credit file company also pointed out that four in ten Brits intend to spend less money on presents than they did in 2007, in the hope that they can manage their finances over the Christmas and new year period. Consumers intend to spend 22 per cent less this year, that's an average spend of 301 compared to the 387 spent last year.
It's likely that the concerns over spending, has been made more dramatic due to the current financial climate. Some 53 per cent of people do believe that the credit crunch has caused them more financial difficulties, due to the credit crisis, making it harder to manage their finances.
23 per cent of Britons are preparing to raid their savings, while 12 per cent are hoping to get overtime or attempting to secure a pay rise to manage various expenses in the run-up to Christmas. Another solution could be to get a cheap loan, if looking for an effective way to borrow to cover the cost of Christmas.
According to a survey, just over a quarter of people said that they will celebrate this Christmas, as they always have done and will think about the financial consequences in the new year. This could cause further problems for consumers, not being able to manage their repayments on personal loans and household bills etc.
According to a study, some 39 per cent of people intend to recycle old gifts. They hope to do this by getting any old or unwanted gifts received in past years and give them out to friends and family. Mr Hodgkins, the managing director for CreditExpert said: "Although the cost of Christmas is a major concern and recycling is an attractive option. Make sure that the present does not land back to the person that originally gave it to you, as it could cause upset and create an awkward situation!
Whatever you do spend this Christmas, you can improve your finances by remembering the crucial thing is to borrow responsibly. To give yourself the best chance of getting a good deal with a lender, its important to check your credit report to make sure you have a good credit status."
A recent study by Savebuckets showed that just under a quarter of Britons are still paying off debt from last Christmas. If looking to borrow money to cover the cost of Christmas, you may want to consider a low-cost loan to pay for presents or food. By choosing this option, consumers can meet these expenses quickly, but leave them with an affordable monthly repayment each month.
About the Author:
Mark Dawson writes for the Loan Arrangers where you can compare loans online and apply online for the cheapest secured loans, and adverse credit loans.
posted by Credit Counseling at
2:06 AM
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