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Martin Lewis says Christmas is 'one day that can ruin your year' in spending warning

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Martin Lewis has warned people that Christmas is not an excuse to spend more money than you can afford and said it is just one day that can "ruin the new year".

Presenting on ITV's Martin Lewis Money Show tonight, he got a video call from a fan who said she was enquiring about taking out a mortgage holiday "for Christmas".Martin quickly cut her off mid-sentence, saying it was not a good idea and mortgage holidays were reserved for emergencies when you "can't pay bills".In a general warning to Xmas splurgers, he told the caller: "If you forgive me being slightly paternal here, Christmas is not a good reason to take a mortgage payment holiday."Not being able to pay your bills is a good reason to take a mortgage payment holiday."You would be.

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