Early December pay day could leave working households strapped for cash in the New Year

Dec. 27, 2012 - PRLog -- Many working people who are paid monthly receive their wages earlier than usual in December, thanks to generous employers who are all too aware of the high cost around the festive season. Whilst at first this can seem like a huge benefit and can help enormously towards paying for those final Christmas gifts, nights out, travel and of course – all the seasonal food and drink – when January arrives many people can find themselves short of the money they need to see them through until their next pay day at the end of January.

Tahir from Early Pay Day Loans says that with some careful planning, households needn’t dread January and those six long weeks between pay days. “It’s a long time for most people to make a month’s wages last, and let’s face it – there’s always too much month left at the end of the money, so this month it’s likely that will be the case even more so. Christmas is a very expensive time of year, and straight afterwards retailers tempt shoppers with the January sales so it’s a prime time for making those impulse purchases that aren’t planned for. All of those factors combined mean that January can seem to drag on and on, and some households are faced with bills which simply can’t be paid until that long-awaited injection of wages at the end of the month.

“The most important thing to do is to plan ahead, and control what you spend over Christmas and New Year festivities.  Thinking about what you’ve got coming up and what you’ll need to reserve money to pay for in the New Year will go a long way towards helping you avoid falling short later in January.

“If you don’t already use a budget, it’s well worth taking a few minutes to look online for a tool which can help you get started really quickly. Budgeting is a lifesaver when it comes to keeping on top of your finances, and making your money go further. Many people don’t know where to start, but the tools can explain in simple terms what you need to do, and setting up a budget could make all the difference and mean that the money you’re paid at the end of December covers everything you need to pay for until the end of January.  

“First of all, note down your priority bills which must be paid to keep a roof over your family’s head – that’s the rent, mortgage, council tax, and energy and water bills. Then look at loans and credit cards, and then your normal monthly outgoings on food shopping, mobile, broadband, going out, clothes and travel costs. When you know how much that all adds up to, you’ll know how much is left for you to spend over the festive period straight after that early pay day.

“Shopping around and doing some research when you’re looking to buy things can save lots of money, and the New Year is a great time for snapping up some deals, so a bit of savvy shopping could also help you get through the month.

“And if you do find that things are stretched just that bit too far, a short term loan could provide the solution and give you that little bit extra money to cover your expenses until you get paid.”

Find out more about Early Payday Loan - http://www.earlypayday.co.uk/