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Championing Financial Empowerment, Youth and Social Justice | Non-Profit Innovator | Strategic Governance | Speaker & Advocate
In January, we anticipate a 17% increase in demand for our Debt Free Advice service, reflecting the financial strain many face post-holiday season. This morning, I discussed this issue with Ian Payne on LBC, highlighting the impact of the ongoing cost-of-living crisis and the rise in Buy Now Pay Later schemes on household finances. To help manage holiday spending and avoid post-Christmas debt, consider the following tips: 𝗖𝗿𝗲𝗮𝘁𝗲 𝗮 𝗥𝗲𝗮𝗹𝗶𝘀𝘁𝗶𝗰 𝗕𝘂𝗱𝗴𝗲𝘁: Prioritise essential expenses and set clear limits for holiday spending to prevent overspending. 𝗕𝗲 𝗖𝗮𝘂𝘁𝗶𝗼𝘂𝘀 𝘄𝗶𝘁𝗵 𝗖𝗿𝗲𝗱𝗶𝘁: Avoid using credit for non-essential purchases. If necessary, ensure there’s a feasible repayment plan to prevent long-term debt. 𝗦𝗲𝗲𝗸 𝗘𝗮𝗿𝗹𝘆 𝗔𝘀𝘀𝗶𝘀𝘁𝗮𝗻𝗰𝗲: If you’re concerned about your financial situation, reach out for free, confidential advice before debts become unmanageable. At Debt Free Advice, we offer free, confidential, and impartial support to help individuals navigate financial challenges, especially during the post-Christmas period. Our advisors are available to assist with budgeting, managing debts, and providing guidance on accessing further support. No one should face financial hardship alone. By seeking help early, you can take control of your finances and start the new year on a more secure footing. For assistance, please visit our website or contact our helpline at 0800 808 5700. Our lines are open seven days a week, 8am-8pm, until Christmas Eve.