Parents sacrificing nights out and heating for Xmas

Parents are forfeiting nights out and even heating to give their kids a great Christmas.

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The Christmas wish of many parents is to give their kids the best of everything - even if it means sacrifices for themselves.

In fact, new research shows nearly half of parents (46%) say they'll prioritise their children's Christmas experience over every other area of household spending this year. And the study by thinkmoney found almost a third (29%) of parents say they'll socialise less to cover the cost, while 27% will forgo their own treats and 22% will sacrifice trips or weekends away.

Parents sacrificing nights out (35%), and not buying adult gifts (31%) and new clothes (26%) mean they'll save an average of £132 this Christmas.