THOUSANDS of people will spend a large chunk of next year paying for the financial hangover created by the Christmas spending splurge.
And more women than men are due to end up in debt to pay for the festivities, according to new research by the Irish League of Credit Unions (ILCU).
Though the amount of money to be shelled out this Christmas is down on previous years, most people still expect to take about two months to recover.
Credit cards, borrowing from family, friends or credit unions and moneylenders are all set to feature.
Adults are due to spend €527 on average this year, down €35 from last year's figure.
But women will shell out around €10 more on average.
Around a quarter of people believe they will end up paying for Christmas well into the new year. This is because they will have to repay loans or spend months building up their savings again.
A third of adults think it will take them a month to fix their finances after the year-end binge.
One in five expect to take two months to recover, while it will take three months to get back on track for one in 10 consumers.
ILCU executive Mandy Johnston said people needed to remember that Christmas was about giving and not about robbing the family finances.
"Avoid moneylenders and consider that if you cannot afford to pay for something without a loan, you simply cannot afford it," she said.