Interesting Article from The Scotsman

A MONTH after Scotland was nursing its collective Hogmanay hangover, many people will now be nursing a fresh headache as their credit card bills land on the doormat.


According to statistics from insolvency trade body R3, almost four million people in the UK indebted themselves to pay for Christmas and approximately 6.5 million do not have enough money to pay for the subsequent credit card bills.
 
The core issue here is the awful example adults give their children when they rack up so much debt. Kids look to adults as role models in many areas. Why should their attitudes towards personal finance, debt and consumerism be any different to our own?
 
Read the full article here