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Consumers 'could save £1,000 for Christmas'
31/10/2006
 Christmas partygoers have been issued advice on how they can save for the festive season through new research revealed today.
UK consumers, who may currently be planning their Christmas party celebrations, could save around £1,000 before December 25th by switching financial products, price comparison site moneysupermarket.com suggests. The site urges shrewd consumers to plan ahead for the festive season, indicating that a family with a typical financial portfolio could make sufficient savings in time for Christmas Day. Stuart Glendinning, managing director at moneysupermarket.com, says: "A family with a typical financial portfolio could save £967.35 in time for Christmas or £5,646.11 over a year." He adds that by reviewing existing finances, such as mortgages, credit cards, personal loans, savings, home insurance and motor insurance, consumers can find more competitive deals; some of the money saved could be put towards Christmas celebrations. Earlier this month, many consumers were left out of pocket after Christmas savings scheme Farepak went into administration; the government is now investigating why the firm ran into debt.  Click here for more on London's best events and Christmas parties.
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