For families with low incomes and debts Christmas can be a nightmare, as of course with little money to spare many have to turn to loans or credit cards to get them through the holiday, which of course all adds on to their debt worries. However, there are ways to make life a little easier at Christmas and one of them is a Christmas savings club where you pay a little each week year round. The Citizens Advice is will be delivering short workshops on savings clubs to ensure individuals are better informed about savings. Along with this if you have an unsecured debts problem you may want to look into ways of being able to write debt off.

Depending on how much money you owe, you may want to look into taking out a debt management plan or an IVA. Both of these will allow you to pay off the money you owe over a period. Your debt management team works with you by dividing the lump sum you pay each month between those you owe money to and if you stick with the plan, you will become debt free at the term. In some cases, you may even be paying out less each month than when you were paying debts off individually. Another benefit is that your creditors will not be sending out letters as they were before you entered into the plan.