Over a third of Brits lost track of spending over Christmas splashing £650 MORE than normal – how to get back on track
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OVER a third of Brits have lost track of their spending over Christmas, splashing £650 more than normal. The damage may have been done but its not too late to reel in the spending and get back to normal. Households can use this tool to show exactly when their finances will be back on track after all the Christmas costs.
![[Over a third of Brits have lost track on their spending this Christmas]](https://www.thesun.co.uk/wp-content/uploads/2024/12/dsc00302-JS960739154.jpg?strip=all&w=960)
Simply input how much money you spent over the festive period, as well as how much you are likely to make in January and it will give you an exact date when it will all be re-couped. Along the way, it also provides tips on how to be smart with your money to make up for an expensive Yuletide.
![[Brits typically splash £650 more than normal]](https://www.thesun.co.uk/wp-content/uploads/2024/12/dsc_9064i-JS960739088.jpg?strip=all&w=960)
It comes after research of 2,000 people who celebrate the festivities found a third (37 per cent) will have completely lost track of their spending in the last month. And 75 per cent reckon it’s important to set a budget for the Christmas period - but only 52 per cent actually do so.
They typically spend £649 more in December than in any other month, including £120 on socialising, £204 on food and drink, £120 on travelling and £321 on presents. Perhaps because of this, 60 per cent claim January is 'always' a hard month as they are trying to re-coup these costs.
Rajan Lakhani, head of money at smart money app Plum, which commissioned the research, said: "December is often hard on your wallet, so January is the perfect time to be smart with your cash. “It may take people a little while to recover from the expenses of the festive period, and many will be laying low for the first month of the new year.
