Haddenham.net

Avoiding Xmas Debt

Home » News » Avoiding Xmas Debt
Money Worries

Avoiding the Christmas Debt Trap
Advice for the Citizen's Advice Bureau

Christmas is a time of giving, but you don't want to give yourself a New Year debt
hangover with credit card bills and loans you can't afford. Our top tips can help you
stay out of the red and in control of your spending:

Be realistic and budget accordingly. Work out how much you are going to spend on each person — and stick to it.

Remember that rent, the mortgage, utility bills, food bills and other existing debts still have to be paid — and the consequences can be severe if they're not. Even though it's Christmas, get your priorities right.

If you do need more money, don't just run up an overdraft without talking to your bank first — it will work out much more expensive.

If you can afford to pay for your goods outright by cash, cheque, or debit card, don't be persuaded to take out extended credit agreements unless they really do work out cheaper.

Shop around for the best price. Buy what you want and not what other people say you need.

Whatever the deal, whatever the temptation, don't buy from unauthorised traders and don't borrow from unauthorised lenders.

Check for hidden extras in any credit agreement. Work out the total amount payable and ensure that the monthly instalments are within your budget before signing.

If you've borrowed money don't forget that it won't be long before you have to make a payment. Make sure you pay on time, even if it's only the minimum, or you will be faced with additional charges. Put the payment dates in your diary.

For more information on managing your money and dealing with debt, visit the Citizens Advice website

Adviceline: 08444 111 444
or 03 00 33 00 650 (Mobile)

Your nearest Citizens Advice Bureau is in the Market Square, Thame

popular recent storiesAlso in the news

Hustings Generic Pic
Haddenham Webteam: Tue 19 Feb 11:00am

There will be an Aylesbury Vale by-election for a District Councillor to represent Haddenham & Stone on Thursday, 7th March. Haddenham Village Society has organised hustings, at which the candidates will present their case, on Wednesday 27th February in the Haddenham Community Library, commencing at 8.00pm. All four candidates have confirmed their participation; they will make short speeches...

Turn End - Garden Design
Haddenham Webteam: Wed 13 Feb 4:00pm

A new introductory four-morning garden design course, studying the key principles of garden design in the acclaimed setting of Turn End house and garden, has been added to the Trust's event programme.It will be led by garden designer Deborah Lewis and held over four mornings ((10.00am-12.30pm) on the following dates: Tuesday 14th MayTuesday 21st MayTuesday 4th June and Tuesday 11th...

Green Dragon Front Door image
Haddenham Webteam: Tue 12 Feb 12:30pm

Here's the latest communication from the Green Phoenix Team, the group seeking to purchase the Green Dragon on behalf of the Haddenham community.Legal WorkA great deal of work on both the legal and financial side of things is happening behind the scenes. This is clearly vital to move the community project forward. We hope to have some information and documentation to share with you in...