OFT issue helpful post Christmas debt advice

Now Christmas is over, government suggests it's a good time to start saving for the next one. 

The Office of Fair Trading has been issuing debt advice and helpful tips over the festive period.

It says to reduce the financial stress associated with the holiday season, it's worth doing a little forward planning.

It's recommended to work out how much you've spent this year and divide it by ten, and start saving this amount from February.

You can also open a savings account to keep it separate from your regular income and to reduce the temptation to spend it. 

You can find more information about Christmas debt here.