CAB warns against festive overspending

BOSTON’S Citizens’ Advice Bureau (CAB) is warning people to watch their wallets ahead of Christmas and make sure they do not overspend in the run up to the big day.

Around a third of the people who go to the CAB are looking for help with debt problems, and Christmas can often just make existing problems even worse.

This year, the organisation, which is based at the Len Medlock Voluntary Centre, is offering a free advice and support service to help people avoid plunging into debt over the festive season.

The Money Advice Helpline will offer people the chance to talk through their money problems with a trained financial advisor and help ease the pressure this Christmas.

Maggy Nicholas, money advisor at CAB, said: “Christmas is a time of giving and it’s all too easy to overspend. Planning, budgeting and organisation are the key to avoid getting into debt at Christmas and beyond. This year could be worse than most as the economic downturn and inflation will put more pressure on budgets.”