We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Festive debt sees insolvency rise

Is it really worth spending money you dont have just to enjoy 1 day a year.



http://news.bbc.co.uk/1/hi/business/6225691.stm
Total CC Debt: £1750
Overdraft £1300
Car Loan £1750

Savings £0
Redundancy OCT £2000
Wage this month £540

Comments

  • roswell
    roswell Posts: 2,447 Forumite
    short answer NO

    Longer answer,
    many people feel they are expected to spend X on bob and Y on jane and Z on little timmy and they get stuck in the motions and dont look at how they are going to pay for all of it. Then the sales come and they cant miss out one all these bargains ........ and then easter comes along repeat or change as you wish.
    If it doesnt pay rent sell it.
    Mortgage - £2,000
    Updated - November 2012
  • taxi73
    taxi73 Posts: 20,815 Forumite
    No not at all...as christmas soon gets forgotten:eek:
  • Queen_B_3
    Queen_B_3 Posts: 503 Forumite
    Part of the Furniture Combo Breaker
    It makes me feel sad that once again so many people have plunged themselves into debt over Christmas. My mum used to do it every year, but now with a bit of forward planning, saving a little each month and not going totally overboard like she used to I think this is the first time that she has not felt sad and depressed after Christmas because she has spent above her means.
    I :heart2: saving money
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.