Consumers Christmas Cost Concerns Uncovered
Many britons are concerned about the cost of Christmas and how they will manage.
It was revelaed that 45 per cent of those questioned by CreditExpert, that consumers have concerns over the extra expense involved over the Christmas period and what the impact will have on their spending. It has also been reported by the credit file company, that four in ten Brits are planning to spend less money on presents than they did in 2007, in order that they manage their money over the Christmas and new year period. This shows that consumers are looking to spend an average of 301, that's 22 per cent lower than the 384 spent in 2007.
It seems to be that these concerns about getting to grips on spending, has made it more dramatic due to the current financial climate, some 53 per cent of people have found that the credit crunch is causing them to struggle more when it comes to managing their money.
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.
Meanwhile, just over a quarter of those surveyed state that they are going to celebrate this Christmas in the manner that they have always done and will only think about the financial consequences of doing so in the new year. However, it could possible that on January 1st they wake up to a financial hangover which leaves them developing problems in managing repayments on personal loans, credit cards and household bills.
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."
Whether it is paying for presents or festive food, those looking to borrow money to meet the cost of this Christmas might want to consider getting a low-cost loan. By selecting this kind of loan, consumers may be able to meet various expenses quickly, leaving them with an affordable monthly repayment to make each month. Meanwhile, a recent study by Savebuckets revealed that just under a quarter of Britons are still repaying the debt they ran up during last years festive season.
It was revelaed that 45 per cent of those questioned by CreditExpert, that consumers have concerns over the extra expense involved over the Christmas period and what the impact will have on their spending. It has also been reported by the credit file company, that four in ten Brits are planning to spend less money on presents than they did in 2007, in order that they manage their money over the Christmas and new year period. This shows that consumers are looking to spend an average of 301, that's 22 per cent lower than the 384 spent in 2007.
It seems to be that these concerns about getting to grips on spending, has made it more dramatic due to the current financial climate, some 53 per cent of people have found that the credit crunch is causing them to struggle more when it comes to managing their money.
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.
Meanwhile, just over a quarter of those surveyed state that they are going to celebrate this Christmas in the manner that they have always done and will only think about the financial consequences of doing so in the new year. However, it could possible that on January 1st they wake up to a financial hangover which leaves them developing problems in managing repayments on personal loans, credit cards and household bills.
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."
Whether it is paying for presents or festive food, those looking to borrow money to meet the cost of this Christmas might want to consider getting a low-cost loan. By selecting this kind of loan, consumers may be able to meet various expenses quickly, leaving them with an affordable monthly repayment to make each month. Meanwhile, a recent study by Savebuckets revealed that just under a quarter of Britons are still repaying the debt they ran up during last years festive season.
About the Author:
Mark Dawson writes for the Loan Arrangers where you can compare loans and apply online for cheap personal loans, and bad credit loans.
posted by Credit Counseling at
2:14 AM
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