Over spent at Christmas? Here’s how to get out of the red this January

Guest Blog by Lorna Davidson, RedWigWam

As survey reveals millions of Brits are worried about the cost of Christmas debt piling up, Lorna Davidson, CEO of short-term recruitment agency RedWigWam, offers tips on topping up your income this January.

With many having their mostrecent payday before Christmas, the new year can mean a longer gap between pay packets and being unprepared for the added cost of Christmas expenses and January bills.

A survey of 2,000 individuals found that one in three considered taking out a credit card, loan or overdraft to help cover the spiralling costs of Christmas after spending nearly double their budget on things like presents, food and drink, hosting friends and family, travel and accommodation. *

Lorna Davidson, CEO of short-term recruitment agency RedWigWam, says:

“The cost ofChristmas adds financial pressure to many of us, whether you are a single parent struggling to maintain a work-life balance, or have simply indulged and overspent during the festive season.

“Financial stress can put a huge strain on your day to day life and happiness, but there are lots of options available, which mean you don’t have to borrow money from friends, family or a loan provider.”

Of course, you should try to not spend beyond your means in the first place. Start 2019 afresh with a budget and work out how much you owe and your essential outgoings each month. It can seem hard to avoid the January sales but try to not buy anything you don’t actually need. Another easy way to save money is to scout the best deals for changing internet and insurance providers or even signing up to cashback websites, take a look at www.moneysavingexpert.com for lots of simple tips.

Lots of money saving hacks are making the headlines recently – you can make a challenge of saving money by putting away £10 (or however much you can afford) away each week, then at the end of the year you will soon have a sum of cash that you know you can definitely afford to spend on Christmas or even a holiday. 

Lorna adds:

“RedWigWam is the ideal solution for topping up your income, with a few hours here and there, when it suits you. Some of the UK’s top money saving bloggers recommend us and make money by signing up to complete surveys or working vacancies such as bar and waiting staff. Many jobs can even fit into your daily routine with one in three RedWigWam mystery shoppers revealing they carry out the job during their weekly shop”.

The wide range of jobs mean that there is something to suit everyone, whether you’re a student, retired, or a working parent. Many vacancies pay over £10 an hour, and in a recent survey of RedWigWam workers more than 80% said it pays faster than other part time service they’ve used.

RedWigWam has a community of 72,000 workers. Itp rovides them with all the benefits of being fully employed – such as National Insurance and tax paid at source, pension contributions and holiday pay – with all the benefits of doing flexible work, regardless of how many hours they work.

To find out more, visit: www.redwigwam.com

Author: Editorial Team

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