As the festive season left many with a dent in their pockets, experts have urged consumers to tighten their belts to avoid the January blues.
Neil Roets, CEO of Debt Rescue, said consumers should prioritise and review their spending in January.
“This will help to prevent a situation of 'Januworry' with all its financial challenges. Firstly, set up a budget and look for opportunities for living expenses to be revised. This can include forgotten debit orders for services no longer used or needed.”
Roets added that consumers need to review habits that might have gone unnoticed, such as eating out.
“Next, tackle debts to avoid extra interest charges and costs. Planning your finances is of utmost importance, now more than ever, with the financial difficulties consumers are facing due…