This year has been challenging for everyone. Many of us will be hoping to reunite with friends and family over the festive period and create an extra special Christmas following months of sacrifice.
Christmas can be an expensive time of year for many and it is important not to let the financial pressures of the season weigh you down.
Don’t allow yourself or loved ones to spend more than you can afford and leave yourself with a financial hangover in the New Year.
Don’t assume everyone wants to swap presents this year. They may be struggling financially, particularly as a result of the coronavirus pandemic, and might appreciate a year off from buying gifts.
Advice and support
The Money Advice Service has some useful advice about budgeting, avoiding debt and being open about money troubles. Visit their website or call 0300 500 5000 for free impartial advice.
Citizens Advice Knowsley provides free, impartial, independent and confidential advice to residents of Knowsley. The team provides information, signposts to other services and provides practical support such as debt management advice, benefit application support and help accessing food and fuel assistance.
Stepchange provides advice around debt management. Further information is available at www.stepchange.org or by calling 0800 138 1111.
For money saving tips and budgeting advice, visit Martin Lewis’ Money Saving Expert’s website at www.moneysavingexpert.com. You can sign up to a weekly email for money saving tips straight to your inbox.
Don’t fall prey to illegal money lenders this Christmas. If you need to borrow money, credit unions are a safer alternative than borrowing from a loan shark. Visit Find your Credit Union to find your nearest credit union.
If you have been the victim of a loan shark, you can contact the Illegal Money Lending Team in confidence on 0300 555 2222 or the Stop Loan Sharks website. Their lines are open around the clock throughout the festive season.