Whilst the latest tech or even a brand new pair of socks are usually welcome Christmas gifts, debt and financial worries are certainly not. But unfortunately, once the excitement of Christmas is over that’s what some of us could face come January.
The good news? With a bit of financial planning, you can avoid the dreaded ‘Christmas debt hangover’ and see in the new year stress-free.
So just how bad is the UK’s Christmas debt problem? In 2018, nearly 8 million Brits said they were likely to fall behind with their finances in January due to the festive season*. That’s 16% of the population overspending at Christmas, then struggling to make ends meet in the new year.
From sticking to your budget to finding the best deals, read on to find out how you can financially prepare for the festive season.
*Source – The Independent
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