Britons have shown that they will be using many different means, so that they can get through the festive season, in the fashion that they wish to.

Some 14 per cent of people, who took part in a Christmas survey, that was conducted by a financial website have shown initiative and had purchased all of their Christmas necessities. Although another 14 per cent stated that they are unsure of how they will finance their Christmas this year.

However around 28 per cent of people, have said that they are not worried about Christmas, even with the threat of unemployment and rising living costs, according to a financial website.

Christmas on a card

A further eight per cent said that they will be using their credit cards to finance their Christmas spending, while another two per cent said that they will be taking out a loan to support their expenditures.

A spokesperson for the website, Rachael Stiles, said: "It is good to see that the festive period has not been spoilt by the credit crunch for most people. Christmas can be a drain on the finances but it seems that money is not an issue for more than a quarter of people.

"It can help to buy things through the year and spread the cost of Christmas, as it would seem the 14 per cent of people who have already bought everything must have done. Putting money into a savings account throughout the year is another sensible option which a number of people seem to have done this year."

Further commenting, on people who as a last resort has no choice but to use credit cards and loans, Miss Stiles added: "Credit through cards and loans can be handy at Christmas, but it is important to shop around and compare a range of deals because rates and repayment periods vary from one lender to the next.

"And remember that everything you borrow you will have to pay back with interest so don’t go mad or January could be a very bleak month."

Wise wo-men

However some customers are prudently, being found to be using their savings, rather than credit cards to finance their Christmas spending, with 12 per cent saying that they will be turning to their financial savings for this year’s festive purchases.

Ten per cent did state however, that they will be cutting back from spending during this year’s festive season.

With interest rates falling, customers are rather spending their savings, as the interest that they could earn has lowered dramatically, due to the Government wanting to stimulate spending in the economy. Over 4.5 million customers in the UK were said to still be financing their Christmas expenses from last year.

Mike Regnier, Halifax head of banking, said: "It's encouraging to see that more consumers are becoming prudent with their finances this year by choosing to use their savings, monthly income and cash to pay for their Christmas purchases, rather than opting for costly store cards which could see them paying out more in the long run."

Women had been found to be the more cautious savers, as around 30 per cent, admitted that they saved particularly for Christmas at an earlier stage during the year, in comparison to the 15 per cent of men who said they did the same.

Twenty-four per cent, of men said that they had prepared a Christmas gift list, while 48 per cent of women stated that they did this.