Plan your festive spending to avoid New Year's blues

PERSONAL FINANCE

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RETAIL THERAPY: Mense love to do some duur end-of-year shopping

insurance, which usually come into effect in January.

Moonsamy explained: “Typically, what we see happening in mid-January and into February is consumers finding themselves in a pinch and borrowing to make ends meet until the next payday.

“The problem is that many households are already struggling to keep their heads above water, and the repayments on these loans add long-term pressure.

“One unexpected expense or emergency can then result in serious financial difficulties”