Abacus Daily Debt News

Internet ‘the place’ for Christmas shopping

The internet has been revealed as the place to go for those trying to limit their spending this Christmas so as to avoid incurring too much festive debt.

Consumer watchdog Which? saved £383 by purchasing a variety of presents on the web, with the best deals found on items such as electronics and fragrances.

Other bargains included a Samsung TV from Ajelectronics.co.uk, which was bought for £310 - £69 cheaper than on the high street.

However, supermarkets were also revealed to be a good location for finding discounted price tags, particularly on entertainment items, with CDs and DVDs going cheaper.

Deputy editor of Which? Online Melanie Dowding commented that, for those trying to be careful with money this year, "staying home and shopping online" is the better option.

This comes after concerns regarding Christmas debts were voiced by moneysupermarket.com’s Peter Harrison, who observed that many do not appear to be worried about paying off debts run up at this time of year.

Research from the price comparison site indicated that 31 per cent do not plan to pay their credit card balances within the next six months.

By Sarah Adie