Christmas Debt, and the Kleeneze solution
I read some interesting figures today. According to a recent poll, 45% of the UK population will struggle to stick to a budget and avoid debt this christmas. Here’s a quick little quiz to see how shopping-savvy you are, and how likely you are to overspend! (Answers below)
- We spend on average £863 per household but how much of that is spent on presents?
a) £256
b) £378
c) £620 - How much more does the average family spend in December that in any other month of the year?
a) 25%
b) 50%
c) 100% - How much did consumers in the UK spend on Christmas presents online last year?
a) £95 million
b) £3.2 billion
c) £7.5 billion - On average, how long do UK consumers take to pay off their Christmas debts?
a) Six weeks
b) Three months
c) Six months
Answers
1. (b) £378 - plus £163 on food and drink, £53 on paper and cards, £64 on a tree and decorations, £84 on travel and £121 on socialising
2. (c) The average family spends 100% more in December than in any other month.
3. (c) £7.5 billion (£7,500,000,000) was spent on Christmas presents online last year in the UK!
4. (b) It takes the average family 3 months to pay off their Christmas debts. That’s one quarter of the year paying off debts for a single celebration, only to start preparing for the next one 6 months down the line!
These figures came from a woman’s magazine that Cressy was reading and their solution to the problem was to budget carefully, be frugal and reduce spending. All well and good but not so easy to do when you’re already stretching a budget and the kids are being bombarded with advertising for the latest games machine!
We have a different solution. A Kleeneze business run in spare time around a job and family commitments can easily bring in an extra £3000 per year, even without team building. That would cover Christmas, AND leave over £2000 for a good holiday or other luxuries! Why not read our Kleeneze home business information pack and see if this business could help you to have the bext Christmas ever!