Christmas crazy Brits will be spending an eye-watering £2,500 this year on celebrations, according to new research.
But the survey, conducted by debt management company Lowell, found it will take the average family a sobering four months to pay off the festive debt.
This means that households will still be paying for the festive fun after Easter.
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It's not surprising that December spending leaves a Christmas hangover, as on average, families spend 29% - or £740 - more in December than other months to cover extra food and travel, as well as presents.
The research revealed that the average Brit gets into £439 of debt at Christmas, meaning that just over £2000 of the average spend was funded by income and savings.
From stocking fillers to special gifts, over one in five Brits (22%) feel the pressure to spend above their means this Christmas.
And with December payday arriving early for many, budgeting is made even more important due to the long wait for the January payday.
As well as the pressures to overspend, the research also highlighted that 14% of people feel pushed to buy large, expensive items.
Ten per cent of people also feel the pressure of expectation to keep up with social media’s up-and-coming trends.
The weight of expectation over the festive season means that one in six families are depending on credit to fund their Christmas, although fewer (17%) are relying on credit cards this year than last (26%).
However this drop masks the true picture, as Lovell has found that payment schemes such as Buy Now Pay Later have seen an increased use by 39% per cent, and more households are using catalogues (10%) or taking out loans (6%) compared to 7% and 5% last year.
Nearly half of UK households used savings (48%) and disposable income (48%) last year, but these figures have dropped to 39% using savings and 35% disposable income this Christmas.
Almost one in ten households have admitted to relying on their overdraft this Christmas.
John Pears, UK CEO of Lowell, said: "We would never want to see any of our customers getting deeper into debt over Christmas pressures.
"We would encourage consumers to really think carefully before turning to credit or other short-term options that could have an impact on your financial health if not properly managed at a later point."
