Halifax has issued advice to consumers looking to make purchases in the January sales, after publishing figures revealing more shoppers will be looking for a bargain in the new year compared to 2008 data.
According to the lender, 48 per cent of customers will be looking to buy in the sales I January 2009, an increase of nine per cent on those who visited sales in January of this year.
And one in four (26 per cent) are expecting to spend more than the average £112.40 they paid out last year, prompting Halifax to advise shoppers to plan ahead.
Setting a budget and drawing up a list of items you need can help avoid unnecessary expenditure, the lender stated – tips that those looking to maintain their debt management while shopping may wish to adopt.
The research follows another study by Halifax, which found that the majority of shoppers purchasing Christmas gifts are doing so with cash rather than loans or credit cards.
By Tom Musk