Saving small amounts frequently will ease the financial strains that are the result of the festive season, according to one expert.
Halifax head of savings Mike Regnier said that parents who save for Christmas throughout the year can also be teaching their children some valuable financial management lessons.
He said that while Christmas is an expensive time of year, "by saving little and often we can make next Christmas that bit more manageable" and also more enjoyable as a result.
"We can also take the opportunity to get our kids to appreciate the value of putting some money aside," Mr Regnier concluded.
His comments come as Halifax research found an estimated £11.92 billion will be spent by UK adults on Christmas presents this year.
This equates to nearly £400 shelled out per adult, with only a third budgeting for their gift buying.
Recent MoneyExpert.com research found that more than 4.4 million credit card holders still need to repay the debts accrued last Christmas.
Save through year for future Christmases, Halifax suggests
Save through year for future Christmases, Halifax suggests
Wed, 05 Dec 2007
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