This year, Black Friday and Cyber Monday offer more deals than we can handle. It can be extremely tempting to spend impulsively with a little help with interest free payments. But overspending this time of year can soon become unmanageable. The joy of Christmas can turn into a pit of despair by the third Monday in January. It is no surprise this day is aptly named Blue Monday.
At Debt Centre Greenwich, we understand that Christmas can be a difficult time financially – here is the first of our top 5 tips to avoid getting into debt this Christmas:
No 1: Set a budget and stick to it.
Overspending is a common pitfall during Christmas, and having a clear plan helps you avoid unnecessary debt.
Decide how much you can realistically afford to spend without borrowing money. Include all festive expenses in your budget. Consider the following:
🎁 Gifts,
🍽️ Food,
🎉 Decorations,
🎊 Outings.
To help you along the way try use a cash book, budgeting tools or apps to help track your spending. This habit will see you into the New Year and help you stay on top of your finances.
Stay tuned for more tips!
Debt Centre Greenwich 