Counting the Cost of Christmas

Have You Been Left Counting the Cost of Christmas?

Christmas is a great time of year, probably the best – the perfect opportunity to meet up with friends and family, exchange gifts, and over-indulge to the greatest extent possible.

Of course this comes with a price tag, in fact, quite a hefty one. The estimated Christmas spend per person is £490 – how did you fair in comparison? The amount you’re likely to spend varies  hugely depending on the region you live -for tight northerners like me, it could be a more modest outlay of just £316, however, for party loving Scots, the cost of Christmas could be as much as a whopping £610.

It’s not surprising then, that over a third of us start the New Year in debt due to Christmas spending. We, at InstantLolly, also see a marked  increase in loan applications during this period, due the short-term cashflow issues, it causes for many more.

Check out the infographic below to see more facts and check out how your Christmas spending compared.

Counting the Cost of Christmas
Originally published by: www.evolutionmoney.co.uk