The day that one in six UK adults will run out of cash for January

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Your help makes all of the distinction. Learn extra The monetary pressure of winter payments and festive spending is ready to hit arduous this month, with a 3rd (35 per cent) of individuals anticipating to run in need of money earlier than January concludes, based on a brand new survey.

For a lot of, the pinch will likely be felt even sooner.

A majority (51 per cent) of these dealing with a shortfall this month anticipate exhausting their month-to-month revenue by Thursday, 15 January.

That's roughly one in six of all UK adults.

The analysis, carried out for cash platform Intuit Credit score Karma, additionally discovered that one in seven (14 per cent) people are planning to amass new credit score merchandise this month, aiming to bridge the hole and pre-empt additional debt.

Credit score Karma’s platform information indicated that 8 January was the preferred day to use for credit score merchandise in 2025.

<img src="https://static.independent.co.uk/2026/01/05/00/24142008-4b10a827-69f8-49d1-94df-a2af5f04bef7.jpg" srcset="https://static.independent.co.uk/2026/01/05/00/24142008-4b10a827-69f8-49d1-94df-a2af5f04bef7.jpg?quality=75&width=320&auto=webp 320w, https://static.independent.co.uk/2026/01/05/00/24142008-4b10a827-69f8-49d1-94df-a2af5f04bef7.jpg?quality=75&width=640&auto=webp 640w" loading="lazy" alt="A majority of people who believed they would run short on money in January will do so this Thursday" class="sc-1mc30lb-0 ggpMaE inline-gallery-btn"/> open picture in gallery

A majority of people that believed they'd run quick on cash in January will accomplish that this Thursday (Alamy/PA) Eleonore Hajek, head of product for UK and Canada at Intuit Credit score Karma, stated: “The brand new yr is commonly when individuals take inventory of their funds, however for a lot of, that second of reflection can shortly flip into concern, particularly round mid-January when the fact of festive spending and an extended time between pay cheques catches up with you.”

She stated these contemplating a stability switch card ought to make sure that they perceive the phrases, and have a transparent reimbursement plan in place, “so January turns into a turning level reasonably than a strain level”.