• Home
  • About Us
    • Our fees and charges
    • Terms of Business
    • Complaints procedure
    • Agreement to Mediate
    • Team
    • Privacy Policy
  • Consultation
  • Solutions
    • Insolvency Support
    • Negotiated Settlements
    • Personal Bankruptcy Experts
    • Mediation
    • Comparison of Solutions
  • Case Studies
  • Testimonials
  • Blog & News
    • Press & Awards
  • Links
  • Contact us
  • Home
  • About Us
    • Our fees and charges
    • Terms of Business
    • Complaints procedure
    • Agreement to Mediate
    • Team
    • Privacy Policy
  • Consultation
  • Solutions
    • Insolvency Support
    • Negotiated Settlements
    • Personal Bankruptcy Experts
    • Mediation
    • Comparison of Solutions
  • Case Studies
  • Testimonials
  • Blog & News
    • Press & Awards
  • Links
  • Contact us

Could you spend less this Christmas?

By Mr Bankruptcy

11th December 2020

Was it only a year ago when we were talking about the real cost of Christmas, and how the debt burden for many people increases? Now, after so many more people are facing financial uncertainty, the fear that Christmas will only exacerbate debt problems will only have increased.

But the Christmas season doesn’t have to mean getting deeper into debt.

How to save money at Christmas

This year it’s predicted that spending on Christmas gifts will decrease by 10%. In a year when we’ve had to learn how to do everything differently, could Christmas 2020 also be an opportunity to have a rethink and take a different approach to our seasonal spending?

If you need to reduce your costs this year, here are some simple ideas to get you started:

  • Stick to a budget: Know what money you have available and stick to it your limit.
  • Hunt for bargains: Shop around so you can grab bargains when you see them, and don’t leave it all to Christmas Eve, when you’re stuck for choice.
  • Avoid impulse buying: Make a list of who you need to buy for and what you want to buy, making sure it’s all within your budget.
  • Cut down on the presents: Do you really need to buy presents for everyone on your list? Planning to spend some quality time together, when it’s safe to do so, might be the best gift you could give someone.
  • Don’t borrow money for Christmas spending: Avoid using credit cards, overdrafts, etc to pay for Christmas. It’s very easy to overspend when you don’t have to pay for it now, but you’re piling up problems for later.
  •  Be organised: If you do borrow money, find the cheapest way to do it and make sure you note when you need to start making repayments to avoid unnecessary interest or additional charges.

Are you already struggling financially?

If you’re worried about your financial situation, ignoring the signs or putting it off until the New Year won’t make the problem go away. Assess your situation, look for options to start repaying your debts and, importantly, find someone to talk it through with, who can offer you support through a challenging time. If you feel that your debts are becoming unmanageable, seek advice as soon as possible.

I certainly don’t want to play Scrooge at this time of the year, especially as we all need a holiday to look forward to. The main thing is to know that there’s always someone to turn to and talking about a problem will help you start to deal with it. The worst thing is for financial worries to weigh on your mind and spoil a time when you should be thinking about family and friends – and looking forward to what we all hope will be a better 2021. 

James Rosa Associates

James Rosa associates is a firm of debt advisors and debt adjustors. With a supportive and friendly approach, we offer a full range of advice and professional services to individuals and business owners/directors facing unmanageable debt or involved in civil or commercial disputes. Our services include:

  • Insolvency support
  • Negotiated settlements
  • Personal assisted bankruptcy
  • Mediation

We are authorised and regulated by the Financial Conduct Authority (FRN665061) to work with clients to produce bespoke solutions to fit their specific circumstances.

Find out if you qualify for a free consultation

If you want to deal with an unmanageable debt, or bring a dispute to a swift and cost-effective resolution, contact James Rosa Associates, ring 0845 6807217 or email enquiries@jamesrosa.co.uk to find out whether you qualify for a free consultation.

Please be advised that all views expressed in these posts are those of the author and not of James Rosa Associates ltd.

Categories

  • Bankruptcy (50)
  • Case Study (7)
  • Economy (25)
  • Events (22)
  • Finance (60)
  • Guest (16)
  • Insolvency (72)
  • Mediation (7)
  • Mr Bankruptcy (74)
  • Newsletter (9)
  • Other (11)
  • Personal Guarantees (6)
  • Press Release (15)
  • Turnaround (5)

Recent posts

  • The number of business insolvencies is rising
  • Building financial resilience into your business
  • Don’t ignore the signs of insolvency
  • Coping with the rise, and rise, in the cost of living
  • How to protect your business from financial difficulties

Archives

  • May 2022 (1)
  • April 2022 (2)
  • March 2022 (1)
  • February 2022 (2)
  • January 2022 (2)
  • December 2021 (1)
  • November 2021 (5)
  • October 2021 (2)
  • September 2021 (3)
  • July 2021 (1)
  • June 2021 (3)
  • May 2021 (2)
  • April 2021 (2)
  • March 2021 (2)
  • February 2021 (2)
  • January 2021 (2)
  • December 2020 (1)
  • November 2020 (2)
  • October 2020 (2)
  • September 2020 (2)
  • August 2020 (2)
  • July 2020 (2)
  • June 2020 (2)
  • May 2020 (2)
  • April 2020 (3)
  • March 2020 (3)
  • February 2020 (2)
  • January 2020 (1)
  • December 2019 (3)
  • November 2019 (1)
  • October 2019 (2)
  • September 2019 (1)
  • August 2019 (3)
  • July 2019 (2)
  • June 2019 (3)
  • May 2019 (2)
  • April 2019 (1)
  • March 2019 (2)
  • February 2019 (1)
  • January 2019 (1)
  • December 2018 (2)
  • November 2018 (1)
  • September 2018 (2)
  • July 2018 (1)
  • March 2018 (1)
  • January 2018 (1)
  • May 2017 (1)
  • January 2017 (1)
  • December 2016 (1)
  • November 2016 (1)
  • September 2016 (2)
  • August 2016 (2)
  • July 2016 (1)
  • May 2016 (2)
  • March 2016 (2)
  • February 2016 (1)
  • January 2016 (1)
  • October 2015 (2)
  • September 2015 (2)
  • August 2015 (3)
  • July 2015 (3)
  • May 2015 (1)
  • April 2015 (1)
  • March 2015 (2)
  • February 2015 (1)
  • January 2015 (2)
  • December 2014 (1)
  • November 2014 (2)
  • October 2014 (5)
  • September 2014 (3)
  • August 2014 (3)
  • July 2014 (1)
  • April 2014 (3)

RSS FT News Feed

  • How the Colombia election could change Latin America
  • Hollywood braces for new age of austerity after streaming splurge
  • The Russian network helping Ukrainians flee the country
  • Sweden ‘must cut ties’ with Kurdish allies in Syria to overcome Turkish Nato veto
  • Defiant Chinese netizens skirt lockdown censorship using blockchain

Sign up to our newsletter

Useful links

  • Home
  • About us
  • Consultation
  • Blog & News
  • Press
  • Contact us

Solutions

  • Insolvency Support
  • Mediation
  • Negotiated Settlements
  • Personal Bankruptcy Experts

Social

  • Facebook
  • Twitter
  • LinkedIn

The Old Rectory Business Centre
Springhead Road
Northfleet
Kent
DA11 8HN

T: 0845 680 7217
F: 0871 714 3073
E: enquiries@jamesrosa.co.uk

© 2018 James Rosa Associates Ltd. All rights reserved.