28th Nov '08 - Christmas Is Not Cancelled
Posted on Friday, November 28th, 2008 at 9:58am
Despite the credit crunch, consumers are still splashing out to make sure that this Christmas is one to remember for all the right reasons.Such is the assertion of HSBC, which found that the average person will spend £479 this holiday season, an amount that could swiftly be dealt with by a loan.
Indeed, research reveals that people aged between 44 and 55 are going to be the biggest spenders, forking out an average of £579.
Commenting on the findings, Debbie Thomas, head of savings at the bank, says: "Everyone knows that Christmas is an expensive time but by tucking away the cash, albeit sometimes small amounts, it can really add up to make next Christmas much more manageable."
However, for households which have struggled with rising prices and may find it impossible to put aside a significant amount, secured loans could be one way to fund the festivities and any other expensive ventures that need to be covered this winter.
Meanwhile, consumers with a cash pot provided by a secured loan may want to follow the advice of Dr Owen Roberts, head of Callcredit Check, who advises individuals not to panic buy presents and to always shop around for a good deal.

People have yet to build up a substantial retirement cash pot which can comfortably fund their lifestyles when they leave the workforce, it has been said.
Households may want to look for other ways to fund their Christmas festivities after one sector organisation has warned consumers that bank charges for going overdrawn have shot up within the past year.
With Christmas the most attractive time for burglars to brave the freezing weather, one organisation has urged people to make sure that they have home insurance to protect their climbing contents value.
People approaching retirement may want to consider taking out a
People worried about whether now is the right time to take out a
Energy providers should not be seen as enemies and may be able to help families who are struggling to pay their gas and electricity bills, it has been claimed.
People may want to consider taking out a
People may be encouraged to flood proof their homes if there was a VAT exemption on the cost of putting up such weather defences, it has been claimed.
People wondering whether to take out a
People may want to give their accounts a warming boost with a
Britons may find themselves turning to a
Parents may want to take out a
Although making a business green can save money in the future, upfront investment is needed, it has been said, although a
People need to be aware of the financial help they can receive if they are out of full-time work for a long period, it has been stated, although a
Women are more concerned than men about the future of their savings and whether or not they have enough for their retirement, a recession survey has revealed.
Many people would not be able to survive if they put out of work, it has been claimed, although a
Employers are set to become more choosy about who they hire, therefore leading to a highly competitive job market because of the financial downturn, one expert has warned.
Britons who live alone and find it hard to make ends meet may want to consider taking out a
Rather than taking it easy, retirement is now seen as an opportunity to live life to the full, it has been reported, while individuals looking to have fun after they have left the job market may want to fund life's adventures with a
People may have to consider taking a
People looking at making home improvements - which could be paid for with a
People will recycle old gifts this Christmas to give to others, it has been claimed, although this could lead to a potentially embarrassing situation.
Making an investment now while the markets are depressed could be a wise move for an individual to make, it has been claimed, a venture which could be covered by a
Drivers may find themselves thousands of pounds short in the long run because of poor maintenance of vehicles, it has been reported, although a
Credit is being used to fund everyday living rather than expenditures regarded as luxuries, one sector commentator has said.
Britons are always able to find the money to pay for an expensive Christmas, no matter what financial mess they are in, it has been claimed.
Businesses who are finding things financially difficult could benefit from tax cuts and kick-start the economy at the same time, one sector commentator has claimed.
Although saving for Christmas is often advised at this time of year, some households will not have any money left over once essential expenditure and household bills are paid for, it has been stated.
Now is the right time to buy a new home because property prices are lower than they have been previously, one sector commentator has claimed.
People looking at funding a new business with a
Lending decisions may not have been as responsible as they could have been over the past five years, it has been claimed, a statement which may refer to
Sellers should look at ways to increase the marketability of a house, although these home improvements do not have to cost thousands, it has been claimed.
Now is a good time for people to make medium and long-term investments because the market is pricing for a recession.
Irresponsible lending is just one reason why the economy is in the condition it is now, one sector commentator has claimed, although people may still wish to take out a
Families should be fully prepared for Christmas this year and make sure that they are adequately covered should something go wrong, it has been claimed.
Over a quarter of Britons have claimed that they will not be able to afford a new car because of financial worries, it has been reported, although
Businesses which are managed well will come out the other side of the financial storm, it has been claimed.
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