Government Scheme for Christmas Spending
The Government is warning Christmas shoppers to know their rights when purchasing gifts this winter to prevent losing money from unwanted items.
A study conducted by the Department for Business, Innovation and Skills (BIS) as part of the ‘Know Your Consumer Rights’ campaign with Consumer Focus, the Office of Fair Trading (OFT) and Consumer Direct showed many are uncertain of their entitlements.
Three quarters of consumers were found to not know that they have extra rights when shopping online - the extra seven day cooling off period for most purchases.
“There has been a huge revolution in how people buy goods and we are now Europe’s biggest online shoppers, so it’s important we all know our rights,” said Consumer Minister Edward Davey.
It is predicted £6.4 billion will be spent online in the run-up to Christmas which is up from £5.5 billion in December 2009.
Christmas Shopping with a Prepaid Credit Card
To prevent overspending on Christmas presents try using a prepaid debit card.
“A savvy shopper that has done their homework before hitting the shops will not only be able to resolve any problems with their purchase quickly,” added Michele Shambrook, Consumer Direct’s operation manager.
The campaign ‘Know Your Consumer Rights’ is being supported by B&Q, Citizens Advice Bureaux and Trading Standards, with 400,000 leaflets to be distributed. ASDA will be giving out nearly 20,000 Christmas posters with their deliveries.
Budgeting your money to accommodate all the presents you need to buy can be tough, especially as the economy is making it even harder this year with high inflation.
If you use a prepaid debit card to load your money onto this will stop you from getting into debt unknowingly as it only allows you to spend what you have on it.