The first step is the most important - work out your budget first taking into consideration all your monthly bills. This limit will make it easier to avoid payday loans, and let you take advantage of January Sales.
(PRWEB UK) 18 December 2015
Scottish Consumers are already hitting the shops in preparation for Christmas. If they haven’t yet, the chances are right now they are weighing up their desire to be generous with the constraints of their budget. On the other hand many are planning to do what so many families do every year, which is go out and shop and just hope it all adds up.
According to the Centre for Retail Research, households last year spent a whopping average of £775 just on Christmas! That sum includes not only presents, but also food, décor, and travel arrangements. However, one third of families will pay for Christmas with credit cards, and over a million are thought to use payday loans for this purpose.
The problem with payday loans, overdrafts, and credit cards is that they ultimately drain bank accounts. Consumers want to be generous, but all to often spend more than their means to do it.
This Christmas season Carrington Dean have made a handy infographic to illustrate 9 tips to steer clear of debt this Christmas (see attached) or visit this link.
Please include link and attribution to carringtondean.com with this infographic. Thank you.
About Carrington Dean
Carrington Dean Group is a privately-owned Glasgow-headquartered business which offers specialist advice and solutions covering a range of financial problems. Founded and headed by Managing Director Peter Dean, the group includes Your Debt Expert, Scotland’s largest independent debt solutions business. Your Debt Expert has helped more than 20,000 people in Scotland to resolve debt problems since the group was established in 2001. A Chartered Accountant and former Partner at one of Europe’s largest accountancy firms, Peter is an expert in both personal and corporate debt solutions and has advised many companies in turnaround situations. He has built Carrington Dean into a trusted business with a reputation for providing quality advice from highly-trained financial experts. He is a passionate advocate of the need to provide quality financial education from an early age to help young people gain a better understanding of personal finance issues.
http://www.carringtondean.com T: 0141 221 2323