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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, 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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