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Christmas get savers back “into the habit”

December 8, 2007 by admin  
Filed under News, News-Banking

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The availability of Christmas saving schemes has been welcomed as a way of getting people back “into the habit” of saving by a consumer charity.

The Consumer Credit Counselling Service (CCCS) said access to easy credit has made people’s habit of saving redundant.

It welcomed consumers using saving schemes during the festive period as a way of getting people back into the practice of saving money.

James Ketchell, spokesperson for CCCS, said actually putting money away was what was important rather than how consumers do it.

“The important thing is for people to save. It doesn’t matter what way they choose to do that, everybody is different,” he added.

Christmas saving funds can help consumers avoid financial card debts in the New Year. Spreading the cost of Christmas across 12 months can be especially useful for those on a low income the CCCS declared.

Meanwhile the Post Office recently announced the launch of its Christmas saving scheme. This will begin in the New Year in time for the festive period in 2008.

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