Male World Cup spending to result in money worries?

Men who are spending money on creating rooms in their homes to watch the football World Cup could be placing themselves at risk of future debt.

New research carried out by Halifax Home Insurance has revealed British males are set to shell out a combined £4 billion on these dens.

However, the company has warned that the spaces could be attractive to thieves and that they need to make sure they get their goods insured.

The average abode of this kind will contain more than £2,400 worth of items, such as a computer, stereo equipment, a widescreen television and game consoles.

Martyn Foulds, senior claims manager at Halifax Home Insurance, commented: “Those men who have chosen to spend money on their dream room could see it turn into a costly nightmare if they don’t let their insurer know about valuable items.”

Marks and Spencer Money recently advised individuals to make sure they have sufficient accidental damage cover before attempting DIY home improvements.

By Joe Shervin