Martin Lewis issues warning to anyone on a low income ahead of Christmas – how to get help

MARTIN Lewis has issued a warning to anyone whose budgets are tight ahead of Christmas.

In the latest MoneySavingExpert.com (MSE) newsletter, Martin told readers to be cautious about getting into debt over the festive season.

Martin explained that as costs are already sky high for many people, it's important to think about Christmas now to reduce the financial and personal stresses of the big day.

He said: "It's no coincidence that January is the biggest month people go to debt-counsellors.

"Ask them why and a common reply is "Christmas, of course". But Christmas, while costly, isn't unexpected - it's on 25 Dec every year, so if you haven't started the financial prep yet, it's oft worth it."

He therefore shared 12 tips for people to make note of now before it gets too late:

• Make use of Natwest's switching offer and get a free £175 in cash.
• Don't plan a perfect Christmas, do a budget now and then work out the best Christmas you can have.
• Get a free £115 at Amazon or £150 at Sainsbury's before the big day by signing up to American Express (though make sure you're ready for a credit card)
• Don't buy unnecessary presents
• Get an up to 6% boost on supermarket spending through supermarket schemes
• Start putting money aside now
• Try to find things in your home that you could flog for cash
• Spend on a cashback card and get up to 5% back
• Be wary of gift vouchers - if the store goes bust they become worthless
• Save a list of items you're after and get them when prices drop
• Book train tickets early if you're travelling over Christmas
• Don't borrow for Christmas - if you must then use a 0% credit card

What to do if you're struggling with debt

If you're concerned about debt, Citizens Advice suggests taking things a step at a time by working out a budget and keeping an eye on your bank balance.

Start with the things that have to be paid first.

Your rent, mortgage, council tax and energy bills should be paid first because the consequences can be more serious if you don't pay.

If you're already in debt The Debt Respite Scheme was launched to help people in debt and struggling to make payments to creditors.

There are two options available to you - standard Breathing Space and mental health crisis Breathing Space.

If you pass eligibility checks, your creditors won't be able to add interest or fees to your debts, or take enforcement action, including sending bailiffs to your home, for up to 60 days.

There is also no need to pay for debt advice as there are charities and organisations backed by the government to give free help.

Using these services can give an overview of the options available to you or provide some tips on how to get in control of your finances.

Most of them can offer you free guidance and help in person, over the telephone or online.

You can contact:

• Citizens Advice - 0808 800 9060
• StepChange - 0800 138 1111
• National Debtline - 0808 808 4000
• Money Wellness - 0161 518 8262

If you are finding that is affecting your mental health, you can also talk to someone from charities Mind and Samaritans.

Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.