Christmas shoppers advised to stick to a budget

Those shopping for Christmas presents and festive food have been advised to stick to a budget by one financial expert.

Alan Brindley, head of Halifax credit cards, issued the advice following research from the bank that has revealed the cost of Brussels sprouts has increased by five per cent and jewellery is one per cent more expensive than last year.

However, the bank also found that the cost of clothing has fallen by six per cent, toys are five per cent cheaper and the price of spirits has dropped by four per cent.

“Whilst Christmas cake and a number of other items may have come down in cost, times remain tough and the importance of setting aside [a] budget and sticking to it is paramount,” Mr Brindley warned.

A credit card offering zero per cent on purchases may help consumers spread the cost of festive celebrations, he added.

Yesterday, price comparison site MoneyExpert advised consumers that paying for goods using a credit card could mean they fall into further debt as a third of people questioned by the website said they struggle to manage their finances.

By Rosie Park