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Christmas 'leads to large credit card bills'
According to research conducted by Egg, the average family will spend almost £40 per day entertaining the kids over the festive period.
Activities such as trips to the cinema or theatre, meals out, parties and Christmas shopping are set to put greater strain on consumers' credit cards this December, Egg added.
Vanessa Wood, spokesperson for the firm, described Christmas as "the most expensive time of the year" for a lot of families.
However, she said that "being smart about how you spend money" can really help spread the cost of the winter break.
She added: "The Egg Money World MasterCard for example, offers rewards including discounts on family days out and cinema tickets plus high street and internet retailers.
"Egg Money customers can also help spread the cost of Christmas with a market leading one per cent cash-back rate on purchases worldwide, and a range of insurance benefits such as missed event cover and a price promise."
Earlier this week, the Finance & Leasing Association warned consumers to keep on top of their spending over the festive period.
Moneyextra.com recommends you take independent financial advice before acting on any article
Back2009-12-09 13:53:39 © Moneyextra.com
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