Business & Finance
StepChange Advises Early Planning to Avoid Christmas Debt
StepChange, a debt‑advice charity, urges people to plan early for Christmas to prevent financial strain in the new year. The charity says the best way to avoid a difficult January is to create a realistic plan before spending begins. Its advice includes budgeting for all Christmas costs—presents, food, drink, travel, parties, postage, decorations and other extras—rather than just gifts. It recommends spreading the cost across the year instead of relying solely on December pay, making a shopping list before Black Friday on 27 November, booking train tickets early for cheaper fares, setting limits on socialising expenses, and discussing gift budgets with family and friends. StepChange also advises checking cupboards and fridge before shopping, planning meals around existing food, and comparing prices. The charity stresses the importance of considering whether a purchase can be afforded, whether it can be paid back on credit, and whether it is truly needed. Vikki Brownridge, StepChange’s chief executive, said, “Christmas is a time when we want to enjoy ourselves and make things special for the people we care most about. But it can also put a lot of pressure on household budgets, and it is key to take steps to get ahead of any January financial blues.” For those worried about debt, StepChange recommends seeking advice well before problems become unmanageable. The independent MoneyHelper website offers a guide to finding free debt advice, tools to check eligibility for benefits and grants, and budgeting tips. It also warns of increased scams during the holiday season, urging vigilance against fraudsters who target financially pressured consumers.