Budgeting 'helps avoid debts at Christmas'

Consumers seeking to avoid running in to debt at Christmas time should ensure they budget for the festive period, it has been claimed.

According to goodtoknow.co.uk, it is crucial for people to be realistic over how much they can afford to spend – and then stick to this figure.

Rather than adding figures up on a scrap of paper, people should use a budget calculator to keep track of everything they spend in the run-up to Christmas, the site suggested.

This way, individuals always know where they are with their cash, it claimed.

Avoiding expensive store cards, using credit cards with the best rate of interest, comparing prices on the internet and buying presents early can all help to keep costs down, the website added.

Accessing the best savings rates may help build that all-important Christmas fund, ensuring a joyous Christmas for all.

Moneyextra.com recommends you take independent financial advice before acting on any article

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2009-10-23 13:53:26 © Moneyextra.com