After a long year of working hard for our money, Christmas is a time when we finally get the opportunity to relax and enjoy the fruits of our labour.
However, with computer games, tablet computers, MP3 players and smartphones all on our wish lists, sometimes paying for Christmas is easier said than done. Undoubtedly the toughest part of the financial year, it is hardly surprising that many people choose to instil new financial habits come 2014.
Has this Christmas put you into debt?
Did you awake on Christmas morning to the sight of a pile of presents larger than the tree? Was the fridge overflowing with festive food and enough wine, bubbles and beer to sink a ship? With such common greetings found in homes on Christmas morning, it’s no wonder that around one in three of us go into debt for Christmas.
If you’re one of the 20 million or so Brits who have landed in the red over the festive period then finding a way to pay off your debts and start the New Year with a clean financial slate is a priority; especially if you don’t want to be in the same position next time Santa comes to visit!
To save or to borrow your Christmas cash?
In order to pay for the treats of Christmas time, most of us have two choices: save or borrow. For many, the sensible option is to save, however with an increasing number of financial demands throughout the year, putting money away for Christmas presents isn’t always possible. This leaves many people across the country with no other option than to borrow money to pay for Christmas presents.
However, by being responsible, researching your chosen lender and repaying your loan on time, borrowing money for Christmas needn’t cause you too much trouble or extra cash.
If you do find yourself getting into spiralling debt, look for professional help from companies that use services at CollectACase. They are a professional check and return service which ensures any forms filled out are completed accurately and correctly fast time round – ideal if you’ve got sensitive financial paperwork to get through.
Getting ready for Christmas early
For those who like to play the long game, a great alternative to borrowing or saving is to be prepared and buy your Christmas presents early. January sales are a great place to start and by getting in early you can secure huge savings and pick up bargains for all of your friends and family to enjoy.
Alternatively, you could postpone Christmas for a month and get all of your groceries, decorations and presents at a reduced rate, allowing all of your clan to save money over the festive period and giving them something to look forward to once the Christmas fun is over.
Getting your finances in order will help you get the New Year off to a great start, putting you in the perfect position to take advantage of all of the exciting challenges and opportunities 2014 has to offer.
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