The Credit Crunch Christmas of 2008 has inspired us to get creative as a way to cut spending, according to a poll by National Savings & Investments (NS&I). Nearly two-thirds us are planning to be more resourceful in a bid to make our money stretch further.

Four in ten plan to get creative by hand-making cards and gifts to help save ourselves from having a nasty Debt Hangover in the New Year. Don’t feel as though you are being cheap by shunning away from shop-bought cards, 71% feel that hand-made gifts and cards are “more thoughtful”.

Dax Harkins, senior savings strategist from NS&I commented: “Those celebrating the season need to ensure that they are planning and spending within their budget and should try not to overspend, dip into overdrafts or go into debt.”