Christmas is an exciting time of year for many, but with so much going on, it’s no surprise that many people find the holiday season stressful.
With its emotional, economic, and physical demands, the festive season can seem overwhelming, especially for those already struggling with debt or suffering from a mental health issue.
The pressures to socialise and entertain, cook, clean, host, purchase perfect presents and generally uphold the festive spirit can take its toll, which is why we teamed up with SANE mental health charity this Christmas to raise awareness about the risks to mental health at Christmas.
But it’s not just at Christmas that people can feel the financial strain.
Earlier this year the Money Advice Service revealed that 8.2 million adults – or 16.1% of the population – live with problem debt, and the effects can be far reaching.
Being in debt can make you feel like you’ve lost control of your finances, hopeless, anxious.
We surveyed some of our own customers and found that 91% admitted feeling stressed about their finances. 82% acknowledged regular bouts of anxiety, 60% suffered from depression and 62% experienced insomnia. They are all worrying statistics which highlight the effects that debt can have on your health.
So together with Sane, we’ve released an animation about getting into debt for Christmas, and the effects debt can have on your mental health. We want to get conversations started – what is the cost of Christmas, not just on your wallet but also on your health?
To find out more about our campaign including information and support on what to do if you or someone you know is affected by debt or mental health, visit: www.payplan.com/happynewyear
You can also follow our campaign on Facebook and Twitter by using the hashtag #happynewyear.