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Fortunately, Jane Clack, a debt adviser at PayPlan, provided advice on how people can enter 2021 with a more resilient financial position: “My advice right now is to work out a budget and stick to it. Once you know what you have coming in and going out in an average month, you will know what is available to spend. Also, don’t forget to shop around for the best deals and save on things like utility bills and the weekly shop.
“Here’s one of my big New Year’s Resolutions for anybody struggling with debt; use a free benefits calculator and make sure you are claiming all (if any) benefits you are entitled to.
Advice for avoiding debt at Christmas and in 2021 Make sure you are claiming all (if any) benefits you are entitled to
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PayPlan, found that during a year where two-thirds of us saw our income drop due to COVID-19, 82% now feel financially insecure going into next year. This is even before Christmas spending had finished.
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