MoneyMagpie Editor and financial expert Vicky Parry warns that Christmas can set you up for a debt-filled New Year – here’s how to avoid it

As we reach the end of 2025, it’s time to take stock of our finances, which can be hard to do with Christmas on the horizon.

But being prepared now and making plans for 2026 can help you start the New Year with a solid plan to be financially savvy, make money and save money where you can, and put yourself into a better place with your finances.

Try to avoid Christmas debt

Many people end up relying on credit cards to pay for Christmas, meaning they spend January in debt. It’s even worse when you’re paid early in December and then have to stretch that paycheque across the festivities as well as wait almost five weeks in January for your next s

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