PRIORITISE YOUR DEBT TO ENJOY A BETTER SUMMER 2.4.0-

RESEARCH estimates more than a quarter of people who went over budget at Christmas will take more than six months to pay the money back.

Will you still be paying off last year's Christmas spending when you're taking your summer holidays? A new survey has found that - on average people who went over budget during the 2023 festive season expect to take five months to pay the money back.

More than a quarter (28%) of those who blew their budget on the festivities estimate it will actually take more than six months to pay off their debts.

Across the survey, 27% of people went over budget at Christmas, overspending by £244 on average, according to the Censuswide research, carried out for free online budgeting tool, IE Hub.