ALMOST a third of households are braced for a tight Christmas – due to spiralling living costs, according to research. A study of 2,000 adults found 30% are planning to cut the amount they us…
“We hope this level of control will mean people can focus on the things that matter this holiday - spending quality time with loved ones.”
But this doesn’t include ‘invisible costs’ of hosting - like having the heating on for longer, cooking more food than usual or using more electronic devices. Lisa Conway Hughes, independent financial advisor, said: “The nation has a pent-up desire to splurge on Christmas festivities, but household costs are mounting up with rising energy costs, food prices, tax hikes and cuts to credit.“But the good news is that Christmas doesn’t need to be excessively trimmed if people get on track with money management.”
“With talk of an energy price cap increase in 2022, it’s encouraging to see that 40% of Brits said one of their New Year’s methods for ‘turning things around financially’ would be having better control over household expenditure.
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