Budget Post-Christmas Sales Shopping
The Christmas sales are often too tempting to give a miss although following the expense of Christmas, consumers are being urged to budget their spend.
If you are worried a post-Christmas shopping spree may cause you to start the New Year in debt try using a prepaid credit card to help you manage your money.
Even without the cost of Christmas, four out of ten workers admit they are unable to make their pay last the whole month, insolvency trade body R3 revealed.
Over 18 million people struggle this way with the 19th day the typical time where people start to run out.
The sales, due to start on Boxing day, are expected to be hit especially hard by shoppers keen to grab a bargain before prices rise following the VAT rise on the 4th January.
However, with the average wage dwindling from the 19th many will have to look to savings or credit cards to pay for these items.
Prepaid Credit Cards for Festive Period
According to a recent study by Bright Grey the nation’s monthly spend increases by 65 percent to meet the cost of Christmas.
October, November and December are hard times for many people’s bank accounts with almost 5.5 million British adults spending more than they can afford.
While you may have dished out more than you could afford for Christmas, do not let post Christmas spending land you into debt.
A prepaid debit card can give you the peace of mind that you will only spend what you can afford and you will not receive a large credit card bill in the New Year.
Once you have loaded your budgeted funds onto the card you can use the card on the high street in retail shops to pay for those bargain boots or new technology, to take you into 2011 in style without the debt attached.