Photo: Unsplash / Kateryna Hliznitsova
The start of the year can be a tough time financially for many families.
Westpac research this week found many people felt stressed about their holiday spending and the costs that come with the start of the year.
Financial coach Shula Newland said it happened every year.
"There's the hangover of Christmas, where you might have overspent and potentially taken on more debt, especially Afterpays, then you've got back-to-school costs."
She and other financial mentors say you can do a few things, if you're worried or stuck.
[h[Plan ahead
The ideal scenario is to plan ahead, so you have money set aside.
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