In many countries Christmas is filled with festivities of exchanging gifts and sharing meals with friends and family. A Daily Mail survey found that this year each individual in the UK will on average spend £868 on Christmas food, drink, decorations and presents. According to debit card Switch, people living in Scotland are the most generous when buying presents, averaging £413.80, while those in the South will spend £335.43. Many will use a credit card or loan, and 19% of the people admitted they failed to budget for the festive season. Last year almost half of us used credit cards, store cards and overdrafts to cover the cost of Christmas, and are predicted to do the same this year and suffer a financial hangover in 2016.