Keep your finances realistic this Christmas!
It’s no surprise that at this time of year people spend more money than usual. It’s very hard to resist, what with the incessant adverts promoting everything from indulgent food to expensive children’s toys. After all, tis the season to splurge!
And whilst loosening the financial reigns for a special occasion can be forgiven from time to time, many people in the UK are being persuaded to part with amounts of cash that they just can’t afford, leaving them in an unfortunate situation when the new year rolls around.
This can not only put a strain on your financial situation, but on your mental health as well. It has been well established that money worries often go hand-in-hand with mental health issues.
That’s why this year debt advisers PayPlan have teamed up with mental health charity SANE to raise awareness of the consequences of overspending during the festive period.
To do this they have created an animated Christmas poem that explains the pressures people put themselves under to be able to deliver the ‘perfect Christmas’ but questions whether the consequences are really worth it.
The two organisations are hoping the campaign will get people to stop and think before being swept up by the festivities.
Jane Clack, a money adviser at PayPlan has explained the reasoning behind the campaign:
“We hear from many individuals who get swept up with the whole idea of a big Christmas. It’s so easily done and we completely understand the pressure people face at this time of year. Of course, the harsh reality then hits in January, as our figures show. Looking at the last three years, inquiries have gone up by an average of 50% in the first month of the year. “
You can watch the campaign video below, and you can find out more about the campaign here – www.payplan.com/happynewyear