Nottingham locals doing last minute Christmas shopping

With Christmas under two weeks away, the rush to buy presents and stay out of debt is at an all time high.

Every year, many people find themselves sinking into debt, taking out loans and panic buying gifts for family and friends.

Hundreds of places offer reduced prices and deals over the festive period in order to help shoppers cope with their money, such as Thomas Cook, Very and easyJet.

“I think there’s a lot of pressure to buy presents”

WIll rayner, 19, st ann’s

With Christmas being one of the most commercialised holidays of the year, searching for the best deals is ideal, especially for those in financial difficulty.

“I think people do take out loans and things like that for Christmas especially. My mum will use sites like Very, to help pay for presents”, Will said.

There are useful sites to help families and those who struggle with debt to manage money this Christmas, such as Park Christmas Savings.

Customers select an amount of money they want to contribute towards Christmas, weekly or monthly, and then choose items, normally gift vouchers, based on their budget.

It helps keep track of finance and it enables customers to interact more easily with their money so they do not exceed their chosen budget.

Loans offer stability at this time of year but many people find it difficult to pay them back after the hefty spending.

“I don’t take out loans so if i can’t buy it straight away i leave it until i can”

Sue Willoughby, 49, lenton

Many loan companies offer advice on taking out money, loans and overdrafts over Christmas. Citizens Advice Bureau offer tips on how to avoid debt at this time of year.

According to Citizens Advice Bureau:

Make sure to plan in advance for Christmas and be realistic about money and spending.

Have enough money to pay for everyday bills such as rent and mortgage as these are still important.

Don’t rely on an overdraft as this can run up extra costs – this can equate to more expenditure in the long run.


“I suppose people end up getting into debt to make it a ‘good’ Christmas”, Sue said.