Nearly 50 % of individuals want to spend less this Christmas time

Nearly 50 % of individuals in Scotland (45 percent) are intending to spend less this Christmas time than just last year, in accordance with polling that is new people guidance Scotland (CAS).

The investigation by YouGov also reveals that 16 percent of individuals in Scotland are preparing to pay money for xmas by firmly taking in financial obligation.

The polling, which will be being posted today (Sunday) in front of Cyber Monday together with Christmas that is intensive shopping, demonstrates that 13 percent of individuals are intending to buy xmas through charge cards, agreed overdrafts or secured finance, with an additional 3 % utilizing pay day loans, unagreed overdrafts, or buy now spend later on services and products.

Only 5 per cent likely to spend more this Christmas time. Of these that do want to save money, 41 percent are doing therefore in order to make their family feel a lot better after a year that is tough.

CAS is urging individuals to not ever rack up un-manageable financial obligation through xmas investing that may secure when you look at the brand New 12 months.

The charity can be encouraging people to check out their money that is online Map at www.moneymap.scot, that has been launched week that is last which provides them a roundup of options to enhance their incomes and cut their living expenses.

Publishing today’s numbers, CAS Financial wellness representative Sarah-Jayne Dunn stated:

“What this polling shows is the fact that almost 50 % of individuals in Scotland want to invest less this present year, an indication for the impact that is financial has already established on home spending plans around the world. Read more