Could renting help while saving for Christmas?
Now is the time to begin saving for next Christmas rather than the approaching festive season if people want to ensure they stay clear from debt, one sector commentator has advised.
Andrew Hagger, spokesperson at Moneynet.co.uk, said that it was important people got used to outing a little bit of money away, rather than relying on credit cards and being left having to fork out payments to cover the additional interest.
"Come next November, you're feeling quite smug with yourself because you've got your money there ready to do your shopping with," he added.
However, British consumers face a collective £8 billion worth of debt brought on by the cost of Christmas, analysis from money.co.uk has found.
Such news may inspire people to look for flats to rent in Wandsworth or another part of London, rather than taking on an expensive mortgage during this costly time, particularly as property prices in the capital tend to be higher on average than elsewhere in the UK.
And any money they save by renting could be put towards making next Christmas a lavish one.
Written by Ben Carter
Published 2nd December, 2009
© 2009 Estates IT Limited
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