NS&I urges people to use savings accounts ahead of Christmas
www.moneynews.co.uk > Banking > NS&I urges people to use savings accounts ahead of Christmas
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NS&I urges people to use savings accounts ahead of Christmas
Thu 4th Nov 2010
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Savings spokesman for the company Tim Mack stated that it can be sensible to spread the financial cost of the holidays over several months.
"It's daunting to think that there are just two months to go until Christmas. However, it is best to try not to pay for everything out of December's pay packet," he said.
In his view, starting preparations early can make the holiday season more financially manageable, with consumers only needing to put aside a little extra cash in the surrounding months to ease the burden.
His comments followed NS&I research, which showed 28 per cent of adults in Britain are less likely to save in autumn.
This week, the company announced that its premium bond millionaire for October was a woman from the East Riding of Yorkshire, who bought the product in July 2006.
Click here for more banking news
Related News : Banking |
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