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Despite struggling financially, one in three Scottish parents look set to spend on credit cards to help fund their festive fun and presents this year.

However, around a third of parents are still paying their debts they racked up last Christmas, according to one survey.

They found that single parents are among the most likely to be repaying what they spent on last year’s presents; that’s 42% of single parents compared to 30% of married couples.

The survey of 5,000 parents in the UK found that they spent an average of £353 on credit cards for buying presents and look to spend a total of £812 over Christmas and also New Year.

Their spending will include £259 on their children’s gifts, plus they will spend £136 on food and £82 on drink. They will also be racking up £81 for travelling to see relatives and friends and £96 on family days out.

However, they will donate an average £14 to a charity and also spend £46 more on their gas and electricity needs during the festive period.

‘Consistently fail to account for Christmas spending every year’

A spokeswoman for the money-saving website that carried out the research said: “The research shows parents are fuelling a credit boom because they consistently fail to account for Christmas spending every year.”

The findings reveal that mums are better when it comes to budgeting and just 28% of them rely on their credit cards to pay for festivities while the figure for dads is 41%.

Also, dads are likely to spend more on a credit card for presents and will spend £376 while women will spend an average of £339.

The survey also found that for parents with one child, they will spend over Christmas an average of £316 on credit cards while those with two children will spend £350.

For parents with three children, the average spend on their card will be £412 while those who have four or more children will spend around £514.

People living in Scotland who are struggling with their debts

However, for people living in Scotland who are struggling with their debts then some of these figures will appear to be extravagant spending but there are ways to improve your financial standing.

For those who live in Scotland, there’s the option of a trust deed which will enable a Scot to repay their debts at an amount they can afford to repay over a set period.

One of the reasons why a trust deed is a popular choice for getting out of debt is that the amount of debt that remains when the repayment period ends is considered to be unaffordable and then written off.

Alternatively, there’s the option of the debt arrangement scheme which is run by the Scottish government.

Again, there are pros and cons for someone living in Scotland to consider the debt arrangement scheme but the main one is, like a trust deed, the opportunity of repaying debtors at an amount you can afford.

However, the big difference will see all of the debts being repaid and there’s no  amount to be written off.

Struggling with finances in Scotland

The first step for anyone struggling with their finances in Scotland is to seek impartial debt advice.

For those who are looking to do so, then the friendly team at Scotland’s Trust Deed are available to speak with every day and their advice is impartial which means you are not obliged to follow it.

There’s also an online debt test on the Scotland’s Trust Deed website that will help point you to a potential debt solution route; whichever suits you best, contact the team to find out what you can do to resolve your debt situation.