Season’s festive debts mount for credit shoppers

MILLIONS are worried about the cost of Christmas this year and one in three people already plans to borrow money to tide them over, a study found yesterday.

The average festive budget is £449 but in reality we will spend a whopping £1,086 each on presents, food and drink, hosting friends and family, travel and accommodation. bridge the gap. It’s important to only spend what you can afford.”

The poll of 2,000 adults also found parents would sooner give up buying new outfits, decorations for the home and gifts for extended family members, than see their children go without this Christmas.

On average parents will spend £142 per child on presents, women will splurge £110 on their partner, while men shell out about £140 on their other half.

Savvy shoppers will spend just £15 on cards, wrapping paper and postage with £21 on decorations.

However, we spare no expense when it comes to hosting the perfect Christmas – budgeting £93 for festive drinks and £116 for food.

And Britons certainly want to look their best this holiday, splashing out £86 on new clothes, accessories and bodycare for the festivities.