Don't get into Debt this Christmas

Christmas is a fantastic time, when friends and families get together to enjoy the festive season- but according to one of the region’s biggest housing associations it can also be a time when personal debt reaches an all time high.
“It’s very tempting to over spend at Christmas,” said Sarah Knowles from Contour Homes. “Everyone likes to get into the holiday mood but when the party’s over, many people are counting the cost of impulsive buys in January.”
According to Sarah, you can still have a great time without breaking the bank. “Make sure you write a list of things you need – rather than things you want. Once you have written your list take it with you everywhere and don’t give in to impulse buys. Budgeting is very important. You still need to pay those crucial bills such as rent and utility bills – they don’t stop just because it’s Christmas. Set your budget and stick to it!
“Don’t forget that you can pick up some reasonably priced gifts from the many Christmas fairs that local schools and churches host at this time of the year. And if charity shops are good enough for celebrities they are certainly good enough for us – so take a look at the charity shops in your local high street and see what’s on offer.”
Sarah said that preparing for Christmas doesn’t have to be costly either. “Going back to nature is all the rage, so take a walk to your local park and collect natural foliage, cones and berries to decorate your home and Christmas table.
If you do get into debt at Christmas or indeed any time of the year, Sarah advises that the most important thing for anyone to do is to acknowledge there is a problem as soon as possible and get help from the various agencies who have been set up to help.
“Debt can be devastating but you should not suffer alone or in silence,” she said. “If you owe money to any organisation contact them right away and explain your situation. Most reputable companies will be happy to work with you to develop a more affordable payment option. The worst thing you can do is ignore the problem as it will only get worse.”
Finally Sarah advises that any holiday season is primarily about people and so if you are fortunate enough to have family and friends to help you celebrate – that’s great, but don’t forget people in your local community who may not be as lucky.
“For some people, especially the elderly Christmas can be a very lonely time,” she said. “If you know of an elderly neighbour in your local community why not give a few minutes of your time to spend with them during the holiday season? A cup of tea and a mince pie could really make somebody’s day and I’ll bet it will make you feel good too!”