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Festive debt sees insolvency rise
cheets99
Posts: 251 Forumite
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
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
Overdraft £1300
Car Loan £1750
Savings £0
Redundancy OCT £2000
Wage this month £540
0
Comments
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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 20120 -
No not at all...as christmas soon gets forgotten:eek:0
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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 money0
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