The money changes happening in December (Image: Getty Images/iStockphoto)

December is typically a costly month due to Christmas, but there are other significant financial updates on the horizon that could impact your finances.

Some households will receive a Christmas bonus payment, and we'll also see updates on inflation and interest rates.

Several winter assistance schemes will also extend into December, including Cold Weather Payments and the Warm Home Discount. Here's everything you need to know.

DWP Christmas bonus - beginning of December

The Department for Work and Pensions (DWP) will soon distribute its Christmas bonus, valued at £10. In past years, it has been paid to eligible households during the first week of December, reports the Mirror .

It is tax-free, does not aff

See Full Page