It’s almost that magical time of year again but for many people struggling with debt it can be extremely stressful

Christmas is an expensive time of year for everyone but for those with debt problems it can be even harder to manage.

Parents want to give their children the latest toys or gadgets and no one wants to have to explain they can’t afford presents due to debt problems.

People who are in a debt solution such as an IVA or Protected Trust Deed in Scotland will have a strict budget which is managed by an insolvency practitioner or trustee.

Christmas With Debt Problems

There are techniques and tips which people can use to make Christmas more affordable.

  • Save: Saving just £10 a month from the start of the year will give people a £120 budget for Christmas. Most people won’t notice £10 a month being removed from their budget but it can have a significant impact come the end of the year.
  • Online Discounts: Throughout the year special discounts online will be available from a number of websites. Subscribing to get the latest deals can help people buy presents throughout the year without spending a lot of money.
  • Customise Presents: If someone’s budget is extremely tight, making customised presents is probably the least expensive method to managing the cost of Christmas. Creating custom designed cards, glasses or ornaments will show loved one’s they still care without having to spend a lot money.

Get Debt Advice

If you’re worried about the cost of the upcoming festive period due to debt or money problems speak to Debt Support Trust today.

Entering a debt solution may reduce monthly debt payments and help find additional money for Christmas presents.

You can call Debt Support Trust on 0800 085 0226 or complete our online debt analyser to assess the best way to deal with your debt problem.