With the country in the midst of a credit crunch, people will no doubt be worrying about where their finances will be going next year. The aftermath of the holiday season for some will often involve working out how to eliminate the debts accumulated during that period.
Christmas is also the time for receiving gifts, but many of us find ourselves with those which are unwanted. However, there are many ways in which you can help yourself to earn some extra pennies after the holiday period, as well as have a bit of a clear out at the same time.
- Make use of your old mobile – if you’ve received a new phone for Christmas, why not make some money off your old one? There are now a multitude of websites that will buy your old handsets from you, and can be a useful tool in helping to reduce your debt levels, as well as ridding yourself of your old handset, which will then be recycled – so such a scheme could be seen as an environmental debt management solution.
- Online auction sites can be useful for Christmas clearouts, allowing you the chance to get rid of unwanted gifts and provide the monies required to solve your debt problems. Be careful when making listings, for damaged goods are not only not going to have much chance of a return, but could also give you some negative feedback from other users.
- Make use of part exchanges and trade-ins. Some video games outlets will offer the chance to trade-in your old games in order to get money off a new one. Older games will obviously be worth a little less, but even the smallest amounts can help if you’re looking to purchase a new title, which can help with your money levels if you can get just a little off the price.
If you find yourself in financial difficulties in the aftermath of the holiday season, don’t be afraid to seek out
debt advice – there are a range of bodies and bureaus that can offer useful advice and solutions to help you to manage your debt levels.
