People buy presents for 12 family members and friends on average, but 75 percent of presents won’t survive until next Christmas. And 1 in every 10 presents will be recycled.
In Britain, 1/3 of people go into debt to buy Christmas presents. Some borrow from family and friends to buy gifts for…family and friends. Others use overdraft, their credit card, or line of credit. Christmas is to leave some 10 million Brits in debt while 1/5 of customers will spend their December salary to buy gifts, decorations, and food.
Christmas is about sharing, celebrating, and enjoying a Christmas feast. Yet, the holiday season will push many into arrears. We suggest that you buy small gifts for a debt-free Christmas. Whittle down your gift list to family and friends who matter the most. Look for gift-worthy freebies and send Christmas cards to colleagues, neighbors, and everyone else. You don’t want to be a slave to debt. Plus, the government borrows on your behalf anyways.
Infographic courtesy of Dosh Express
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