• Text size      
  • Send this article to a friend
  • Print this article

Were you feeling the pinch this Christmas?

Stuart McLellan, 59, from Lochgilphead:

"My wife and I decided not to buy anything for each other. Anyone who is on a fixed income, who can't do anything to increase their earnings, is going to find it harder because prices are going up and wages aren't. I also think the gap between rich and poor is widening, definitely."

David Cross, 48, from Argyll: "I spent probably about the same this year for Christmas, even though I think I'm probably better off this year than I was last year. Shops are exceptionally good at persuading you to part with your money - if you cannot afford it, of course they will offer you credit terms and I think that's obviously part of the reason we had the last financial crisis.

Sean McLennan, 22, from Aberdeen: "I increased my overdraft so I could afford Christmas shopping, because I see it as something you have to do, rather than a choice. I'll probably feel quite bad about it in January - in fact, that's how I'm feeling just now - but at the time I didn't think about it."

Lisa Mitchell, 38, from Edinburgh: "I think it is important to save up for Christmas rather than borrow, otherwise you end up spending a fortune. I've just gone back to work so for the first time in ages I feel OK financially, but listening to the media, people are obviously still finding it very difficult to cope. It has been this way for a while so I don't know if people are getting a bit better at budgeting and shopping, getting things a bit cheaper. It is really sad that some people think they don't have the option not to borrow money and I think it is a lot about keeping up with the Joneses. Lots of people are in difficult situations though. It is hard for everybody and it [borrowing] might seem like the easy option at the time."

Evie Noble, 18, from Strathaven: 'I did not borrow anything in order to pay for Christmas presents. I don't think 2014 will be quite as dire as predicted. People are becoming more money-savvy,so I wouldn't say things are going to get worse or be more difficult generally, because people are getting better at saving."

Interviews by Hannah Rodger

Contextual targeting label: 

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.