Parents sacrifice nights out and heating for Christmas

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 per cent will forgo their own treats and 22 per cent 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.