It is important that people begin saving towards next Christmas as "early as possible", one expert has suggested.
Susan Hannums, savings manager for AWD Chase de Vere, urged people to set aside money in preparation for next Christmas to avoid having to rely on credit .
People ought to get themselves back into the "savings habit", she suggested, claiming that the country has got itself into "a bit of a pickle financially".
The expert noted that individual savings accounts can be useful for taxpayers, although there are a number of different types of Christmas savings accounts available.
"There are plenty of options and there is definitely one that will suit each person's needs," she remarked.
According to Halifax, UK adults are expected to spend an estimated £11.92 billion on Christmas presents .
The firm stated that the average adult will spend close to £400 each on gifts during the festive period.
"Vital" for people to save
"Vital" for people to save
Wed, 19 Dec 2007
Recommended links
Find and compare savings account ratesSavings enquiry form
Today's top10 providers
Savings accounts guide
Types of ISAs
Switching ISA providers
Warning issued to savers
Savers urged to vote with their feet
<% Randomize: ord=int(rnd*1000000000) %>
 %>?)
| savings news |
|---|
| Warning over easy access savings accounts - Thu, 03 Jul 2008 |
| Building Society savings accounts still popular, figures show - Wed, 02 Jul 2008 |
| Alliance and Leicester extends savings account offer - Tue, 01 Jul 2008 |
| More News |
