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Christmas - the season to be jolly or not? by Margaret Collins

Posted Sep 13 2008 1:05am

Close_up_fiver_1 Here's a timely article by Margaret Collins, one of the wealth coaches at The Money Gym. Their blog, http://www.wealthcoach.typepad.com/ is one of my favourites and always worth checking out.

Christmas can be many things - a great family occasion, a time to celebrate or something to endure. For many it is an opportunity - or an excuse to escape to sun or to snow.

With each Brit spending an astonishing £2,200.48 - that's the average spend over the festive season last year, it can also be a financial nightmare.

Cornhill Direct's survey of 4,000 people revealed that £693.05 a year is spent on presents for loved ones, £337.27 on presents for friends, whilst £45.45 on people such as neighbours, tradesman and the postman.

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