Christmas Spending: Where Does the Money Go?

Will it be... A FRUGAL CHRISTMAS and a DEBT FREE NEW YEAR New research reveals that nearly two thirds of UK adults will be cautiously keeping the same Christmas budget as last year, with nearly a third spending less. CHRISTMAS SPEND BY REGION £499 + THE NORTH EAST ARE THE NATION'S BIGGEST SPENDERS AT CHRISTMAS £383.10 £499.01 £428.25 £339.81 £375.67 £327.79 PEOPLE IN EAST £300.33 £349.04 ANGLIA ARE THE MOST FRUGAL £291.37 SPENDING JUST £291 £325.90 £335.41 £331.54 Mums generally trump dads this year with a budget up to £69 TO MUM MERRY CHRISTMAS TO MUM TO DAD £29.82 EAST ANGLIA £23.89 £42.30 EAST MIDLANDS £19.84 £46.79 LONDON £28.37 £69.37 NORTH EAST £46.16 £36.13 NORTH WEST £21.69 £55.87 NORTHERN IRELAND £41.15 £42.71 SCOTLAND £33.83 £41.24 SOUTH EAST £25.18 £34.88 SOUTH WEST £23.72 £43.03 WALES £33.00 £34.01 WEST MIDLANDS £24.20 £39.68 YORKSHIRE ANDTHEHUMBER £24.19 Nights out, new outfits, and expensive gift wrapping are all facing the chop from Christmas budgets this year in order CHRISTMAS cut backs to save money 31% Christmas parties and nights out Expensive wrapping 29% paper 23% Christmas presents for work colleagues 22% Christmas presents for family 28% Taxis 20% Hairdressers/beauty treatments 20% 19% Premium brands A holiday 18% Alcohol This year, one in ten people are planning to use loyalty points, SAVVY SHO PPERS sving stamps and vouchers 59% will pay for Christmas with cash 42% debit will use their debit cards credit 33% will need to rely on credit cards this year, down 1% from last year 77% are not prepared to get themselves into debt this Christmas WHAT'S FOR LUNCH 77% 12% 10% will be tucking in to turkey chowing down on some chicken will be opting for beef 14% said they'll be sacrificing sprouts .. bad news for Grandma as 7% won't be buying sherry this year www.co-operative.coop Survey conducted, on behalf of The Co-operative Group by OnePoll, with a geographically representative sample of 2,000 respondents in October 2012. of those surveyed will be cutting out..