Household spending rises

We are spending more on household appliances such as kettles and fridges.

That is according to Halifax Credit Cards which points to a disparity between how much we spend and how much appliances cost in comparison to previous years.

The firm points out that in 2005 we spent an average £4.32 on appliances per household every week.

In 1995, however, we spent just £3.62 per week yet the cost of household appliances has fallen by 15 per cent in that time.

Halifax has calculated that we now spend 29 per cent more on appliances than we did ten years ago but we are getting more for our money as prices have plummeted.

The firm says that many consumers are choosing to pay for their household appliances with a credit card as they see a number of benefits when buying items in this way.

“When purchasing household items there is nothing more disappointing than the item not being delivered or finding it to be faulty,” commented Ken Stannard, head of Halifax Credit Cards.

“When purchasing with a credit card, all appliances over £100 are covered by Section 75 which means we will give you a full refund if the goods do not arrive or are found faulty.”

Although there are some clear benefits of paying for products with a credit card it is imperative that consumers ensure that they can keep up any repayments to avoid falling into a spiral of debt.

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