Delyn MP David Hanson is backing the new Post Office Christmas Club which is available at all Post Office branches nationwide and is a good way to budget for Christmas.
We spend an average of £393 on Christmas presents alone, and according to research conducted by YouGov for the Post Office many of us spend more than we can afford.
Forty three per cent said they felt pressured to overspend, and 24 per cent admitted they would still by paying for Christmas at Easter.
Planning and budgeting is the solution suggested by 83 per cent of the survey and with the post Office Christmas Club you can plan ahead, making pre-payments from just £5 over the counter using a special Christmas Club payment card.
From 1 November the card is unlocked, enabling customers to use it to buy goods and services directly at retailers, or to purchase retail gift vouchers. The maximum individual payment is £500, up to a total of £1,000 per card per annum.
Each club member will receive a great bonus booklet of at least £100 in special offers with selected retail partners – a significant benefit compared to current rates from high street savings accounts.
David Hanson said:
“This Post Office scheme is a good way for people to regularly put small amounts aside to help save up for Christmas.
“The need for such a scheme in the wake of Farepak was identified by a Treasury review and this easy, straightforward scheme will appeal to those that struggle to save on the run up to the festive period.”
For more information on Post Office gift vouchers and other Post Office products, visit www.postoffice.co.uk or call 08457 223344.