Tips for reducing Christmas spending have been offered by new analysis in the Daily Mirror.
The report suggested that taking out a 0% credit card helps to "spread the cost" of festive celebrations.
Setting a "sensible budget" for gift and festive food purchases, and sticking to it, was also recommended.
Commonly, a 0% credit card deal offers an initial interest-free period for new customers on both existing balances and new purchases.
However, the length of these deals can vary widely from provider to provider, so customers are advised to shop around before making an application.
Christmas costs can also ultimately spiral if card balances are not paid off within the interest-free period.
"Don't spend on a credit card unless you can afford to pay off what you spend in full," the Daily Mirror added.
Festive spending on UK high streets is likely to rise this year, with the recession apparently nearing its end.
Data for October 2009 from the British Retail Consortium showed that overall retail sales were up by 3.8% year-on-year.
The report suggested that taking out a 0% credit card helps to "spread the cost" of festive celebrations.
Setting a "sensible budget" for gift and festive food purchases, and sticking to it, was also recommended.
Commonly, a 0% credit card deal offers an initial interest-free period for new customers on both existing balances and new purchases.
However, the length of these deals can vary widely from provider to provider, so customers are advised to shop around before making an application.
Christmas costs can also ultimately spiral if card balances are not paid off within the interest-free period.
"Don't spend on a credit card unless you can afford to pay off what you spend in full," the Daily Mirror added.
Festive spending on UK high streets is likely to rise this year, with the recession apparently nearing its end.
Data for October 2009 from the British Retail Consortium showed that overall retail sales were up by 3.8% year-on-year.
Posts
No comments:
Post a Comment