A debt counselling company has warned consumers against relying too much on their 13th cheques or bonuses to settle their debt.

Debt Busters said people should pay off their higher interest rate debt such as credit and store cards first before tackling other expenses.

The company also said monthly budgets were a must for consumers to effectively get out of, and stay out of, debt.

Company spokesperson Ian Watson said a number of the country’s working class were torn on how best to spend their bonuses.

“A great many people realise that they are going to become more over-indebted come the festive season. They want a good Christmas for their children and family and they know it’s going to get them into trouble,” said Watson.