Debt management could help with scary Halloween costs
Debt management could help with scary Halloween costs
Monday 26th October 2009
The costs include Halloween costumes, parties and sweets for trick and treating.
As Halloween coincides with schools' half term break, costs can rack up. On average, Egg found that families will each spend almost £270 pounds keeping their kids occupied over the week.
The most popular activity will be going out for lunch, which 60 per cent of families plan to do this half term, while over half intend to go to the cinema.
Other expenses include buying DVDs or books and comics and dishing out extra pocket money.
More than three quarters of parents (77 per cent) said they spend more money keeping their children busy over half term week, and more than ten per cent say that this shows kids how much parents love them.
Debt consolidation and other debt management solutions can help people make ends meet and treat the kids this half term.
Vanessa Wood, spokesperson at Egg said: "Halloween has become much more of a calendar event in the UK than it used to be and we can see this reflected in the cost to parents.
"But Halloween is only the tip of the iceberg; keeping children entertained throughout half term also sees a big hit on the purse strings.
"With Christmas not that far away it is wise for parents to get creative with their spending during this time and a good way to get back some of the cost is to make the most of rewards and cash-back schemes on credit cards."
Last week the Daily Telegraph reported that Guy Fawkes Night is losing out to Halloween, with sales of scary outfits set to hit the £2 million mark.
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