MasterCard launches online Christmas calculator

Every year millions of you resolve to reign in your Christmas spending and every year your resolutions are lost in the last minute stampede to the high street or when you get carried away online.

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In the UK alone the average spend per person over the festive season this year is estimated to rise to £7061.

This year, to help you budget for the festive season and the sales in January, MasterCard has developed an online calculator for your priceless moments which allows you to break down your spending into categories such as gifts, food, travel and decorations.

All you have to do is enter in your planned purchases and watch the totaliser tot up your spending to ensure that this year you have a fantastic Christmas without the credit hangover in January.

Christmas is a time when we all like to spend money but it can be difficult to make sure that you don't end up spending beyond your means. Hopefully the MasterCard Christmas Calculator will help you to spend sensibly whilst still making sure you get everything you need.

The website also offers handy tips for sensible spending to ensure that consumers are aware of how best to spend their money to get the most from their budget.

The Europe wide site launches in 10 languages on 12th December 2007 and MasterCard will also be adding to the site throughout 2008 to help consumers deal with other occasions involving high spending such as weddings and family holidays.

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