Trustnet Magazine 66 October 2020 | Page 60

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“ The worst thing that you can do is ignore debts and bury your head in the sand .” Lowcock agrees : “ The best thing you can do is get help , because debt can overwhelm people who don ’ t . That could be Citizens Advice , credit card companies or voluntary arrangements .” And whatever you do , don ’ t make your situation worse than it already is . “ The first thing we encourage people to do is not only reduce debt , but not take any new debt on ,” Nelson says . “ Take a step back when you ’ re about to make a purchase and think , ‘ do you really need this at this point ?’ Because

Despite what the financial services industry tells you , you shouldn ’ t feel pressured to continue making contributions into a personal pension or ISA

we can ’ t go out and do the things that we want to do , the biggest temptation while we ’ re going through this period is to click on Amazon and get a nice little delivery to make us feel a bit better . And as we can see , its shares have soared exponentially .” trustnet . com