I don't know about you but my ridiculous overspending in December has most certainly led to a freeze on my spending this month. After investing vast sums of money over Christmas in an attempt to please all my relatives and loved ones, as well as celebrating the festive season, my bank balance has certainly taken a massive hit, meaning i wont be able to indulge in the sales or new season pieces as much as I may have liked.
Just before Christmas I think I had managed to get bank balance sorted and had started to save for all my various friends weddings, hens and my own holidays, car insurance, birthdays etc however those savings were wiped by a massive MOT on my car, followed by Christmas so spending will be on a hold for at least the first quarter of this year....and I don't think I am alone either.....from reading this article on Wales Online today it looks like the retail industry is set for another dip in spending as people hold back on spending in an attempt to manage their finances, pay the required bills and have some money leftover to save for holidays and other treats....
Warning that December boost in Christmas sales will not
rescue “miserable” year for retailers