Places like very.co.uk and Littlewoods all offer seemingly fantastic ideas for how to save money - offers like spreading the cost over a year are certainly viable reasons why you could invest in Fearne Cotton's latest fashion accessory.

Think carefully though. Could your situation change within the next year? What are the charges likes should you not pay up in time? Most importantly, what are the interest rates?

It may look good to spend so much in them now, but many find they overspend particularly around Christmas time.