Motley Fool: Start Saving For Christmas 2007!

With Christmas just over a month away, our annual round of festive splurging is about to move into full swing. According to independent financial researcher Moneyfacts, we each spend £600 on Christmas presents and festivities, which is a lot of loot!

Sadly, it’ll be a cruel Christmas for customers of disgraced hamper/voucher firm Farepak, which collapsed last month. This failed firm swallowed up around £40 million, which is the hard-earned savings of 150,000 of the UK’s poorest families. I’m very angry about the failure of Farepak, especially as a bank in which I’m a shareholder (Halifax/Bank of Scotland) is involved. Shame on both firms!…

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