'Back to basics' for Christmas spending
'Back to basics' for Christmas spending
Tuesday 2nd December 2008
Findings from Norwich Union show that, in response to the credit crunch, 80 per cent of British people are planning to shun extravagant parties in favour of more family-focused festive celebrations this year.
The survey discovered that 46 per cent of people will choose to socialise at the homes of friends instead of bars and restaurants, while 63 per cent believe a frugal attitude will result in a more meaningful Christmas.
"It's good to see that we're refusing to let the credit crunch entirely steal our Christmases and planning more traditional, less expensive celebrations this year," said Louise Colley, head of protection marketing for Norwich Union.
She added: "Anyone enjoying a frugal Christmas will have a head-start on those who are using credit to pay for their festivities."
A separate survey from Callcredit recently revealed that 27 per cent of Christmas shoppers are planning to cut their budget by at least 50 per cent this year.
News article brought to you by Debt1 - UK debt management specialists.
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