With Christmas now a distant memory and pay day seemingly an age away, there appears to be very little to look forward to in the early weeks of 2018.

And with jaw-dropping credit card bills beginning to drop through the letterbox and the cold weather beginning to bite, there is no surprise that the third Monday of the year is dubbed Blue Monday.

This year, the so-called most depressing day of the year fell on January 15.

The concept of Blue Monday was borne out of a campaign spearheaded by holiday company Sky Travel in 2005.

It claimed to have calculated the exact date of Blue Monday by using an equation which includes a number of factors – such as weather and the difference between debt accumulated and ability to pay.

Now more than a decade on, the day has become an annual event – although some are sceptical it is depressing as some suggest.

Here in Nottingham, locals reflected on the day and had mixed opinions on the concept.

“There is some truth in Blue Monday as it is a miserable time of year.”

Jess Gilbert, 19, student

Some believed Blue Monday to be a myth and revealed how they overcome the January blues by taking up new hobbies and enjoying retail therapy by taking advantage of the sales.

Others believed Blue Monday summed up this time of year perfectly due to the wintry weather and the prospect of holidays months away.

Jess Gilbert, 19, a student from Nottingham said: “There is some truth in Blue Monday as it is a miserable time of year, I’ve got loads of exams coming up, it’s cold outside and I haven’t got anything to look forward to at the moment.”

The people of Nottingham generally believed that January is what you make of it and how depressed someone may feel on Blue Monday is down to that individual’s circumstances.