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More than 4 million fear they`ll be made redundant Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive`

Christmas savings schemes `good way to stay debt free`

03/11/2008

Investing in a Christmas savings scheme is a good way of remaining debt free over the festive season, it has been suggested.

Commenting on the issue, Rob Scott of the Post Office Christmas Club said that people put money in such schemes to help them budget for the event and to prevent them from overspending and relying on credit.

He commented: "It is about the convenience - you know your money is locked away each year and you can spend those funds in the best way possible at certain retailers to give your family a great Christmas."

Mr Scott added that a lot of people are nervous about running up debts over the festive season.

Indeed, research conducted by YouGov found that a quarter of people questioned across the UK reported feeling anxious about how they will pay for Christmas, while one in five admitted they get into debt because of overspending at that time of year.

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according