Indeed, spending may be getting out of control for many individuals, especially if they pile their purchases on store cards.
According to Informed Choice, many shoppers do not fully understand the terms and conditions when they sign up to store cards.
High interest rates across a number of different cards could leave people struggling with debt, which in turn could soar higher as they see energy bills and mortgage payments as more of a priority.
Cheap gas bills may, however, allow homeowners to use any cash saved towards paying down their debt.
Martin Bamford, managing director at Informed Choice and chartered financial planner, said: "If you need to use a store card or credit card to go shopping and you are unable to pay off the balance in full by the end of the month, then think carefully before accumulating more expensive debt."
A recent survey by MyVoucherCodes.co.uk found more than two-fifths of Britons who own store cards believed they were pressured into getting them.
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