Christmas debts often start to bite in the first few months of the year, and continuing pressure on incomes could make the squeeze more profound in 2018. “With the squeeze on family finances getting even tighter, it’s important for the sake of your health, happiness and your family life to talk about money,” said John Graver, manager of the Norwich Central Debt Centre.
Here are top tips for starting a discussion about household finances:
- Acknowledge that money management can be hard, especially when stressed, or if you’re on a low income. Mistakes may have been made but this is about looking forward.
- Avoid the conversation when the children are around, your mother-in-law is visiting or a big bill has just landed.
- Use one of the many online tools – or book into a free CAP Money Course – to begin building your budget.
Source Credit: Norfolk Eastern Daily Press