Saturday Splurges Funded by Credit Cards
Brits are a nation of Saturday spenders, typically spending more than £549,000 on Saturdays alone during their lifetime.
Figures from the Co-operative bank survey shows that the average adult will spend approximately £175 on entertainment, clothes, food, drink and travelling just on this one day; leading many to turn to their credit cards to fund this extravagance.
Product manager, Maxine Xodo said: “As a nation we work some of the longest hours in Europe and many people live for the weekend, with Saturday being the one-day where people feel they can let their hair down and enjoy themselves.”
Research showed that shows were the biggest average cost at £25.55 and was followed by clothes, eating out, drink and food. This figures should be treated as a warning, that shoppers need to have a good grip over their finances. This way they can be sure that they can afford to treat themselves and avoid getting into unnecessary debt.
In Credit Card Debt? Let One Advice Help.
As long as you have a grip over your finances, the odd spending on a credit card is not a problem. You need to make sure that you pay off your balance and avoid making just minimum payments.
But if you are finding that your credit card debt is becoming too much to handle then you need to regain control over your debt. One Advice can help you do this, we are experts in our fields and can offer you a range of debt solutions such as debt management plans or IVAs.