Know your rights – December debt news

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November debt news

December Debt news

Welcome to December’s debt news roundup, the final one of 2012. As usual we’ve consolidated all the debt news into one easy to manage blogpost! 

New Year debt mountain

The brown Christmas trees thrown into gardens and piled up rubbish bags outside houses are a clear signal that the festive season is over and many of us will be regretting the excesses of the last month. It should come as no surprise then that UK workers face a £4.1bn debt mountain to pay off in the New Year.

Best paying jobs

There will be some that haven’t had to count the pennies over the Christmas period though. This month the Guardian revealed the 10 best paying jobs in the UK. Unsurprisingly, CEOs topped the list.

Benefit cuts

Back at the other end of the financial spectrum, the government plans to make £10bn in benefit cuts which has led to fears that millions of people could face debt problems. While many face cuts in benefits, it’s worth mentioning that £10bn of benefits go unclaimed every year. If you could be entitled to some of this then use our free online benefits checking tool to find out.

Energy saving myths

Have you ever been told that painting your radiators black will help keep the heat in? Or that keeping your heating on low all day works out cheaper than using the timer? The clever folk at have compiled a list of energy saving myths which will sort the fact from the fiction.

Smartphone money saving

Our friends at brought us a useful list of the best ways to use your smartphone to manage your money. There are loads of suggestions for apps that will help you either plan your money better or save a quid here and there. Surprisingly it fails to mention the most obvious way to save money, which is to not get an expensive smartphone in the first place!

Making ends meet

Consumer group Which? have carried out research which has shown that millions are getting into debt just to make ends meet. This didn’t surprise us at all; we hear the same thing every week from thousands of people who contact us for debt help. It’s rarely extravagant living that leads to debt problems, just the accumulation of debts used to cover basic living costs.

Facebook discussion

Over on our Facebook page we tackled the thorny subject of regifting. Is it OK to give an unwanted present as a gift to someone else? The general consensus was yes, but be very careful not to give the present back to the person who bought it for you!

And that rounds up the final debt news of 2012. We’d like to wish you a happy New Year and hope you have a healthy and happy 2013.

James Winterbottom has been a debt advisor for six years. Away from work he is an amateur app developer and writes fiction. James is a lifelong supporter of Huddersfield Town football club, which suggests he is either very loyal or very daft. He also likes to talk about himself in the third person in bio pages.

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