Almost eight million people are predicted to finish January behind with their finances, thanks to the cost of celebrating Christmas and the new year.
That’s according to new figures from National Debtline, run by the Money Advice Trust charity.
After the celebrations of the Christmas period, January is a challenging time for many households with the impact of festive spending taking its toll on household budgets,” said Money Advice Trust chief executive Joanna Elson.
But it doesn’t have to be that way.
With millions expecting to fall behind with their finances in January, we want people to be financially prepared for the year ahead,” she added.