Sorry, What ― An Oscar Is Only Worth HOW Much?

Of course, winning an Oscar is priceless. But buying one? Well, depending on who you are, that might be much cheaper than you think.

The first Oscar to be sold was hawked by Harold Russell in 1992 for a cool $55k.

And that’s a steal in comparison to other sales ― Steven Spielberg purchased Bette Davis’s 1938 Best Actress Oscar for $578,000, for instance, and in 2014, Joseph Wright’s 1943 Best Colour Art Direction Oscar for My Gal Sal sold for $79,200.

Not a bad profit considering the statue only costs $400 to make, right?

Well… wrong

Anyone who wins an Oscar has to sign an agreement that includes a 1951 no-resale rule introduced by the Academy of Motion Picture Arts and Sciences.

In 2015, a court ruling changed a rule that meant anyone selling an Oscars statue should offer it to the Academy for $10 first, and lowered it to one measly dollar.

“Award winners shall not sell or otherwise dispose of the Oscar statuette, nor permit it to be sold or disposed of by operation of law, without first offering to sell it to the Academy for the sum of $1.00,” says the Academy’s site.

“This provision shall apply also to the heirs and assigns of Academy Award winners who may acquire a statuette by gift or bequest.“

The Academy has successfully sued people who have tried to sell their Oscar without first giving them their $1 shot ― including the owner and auction house behind the Joseph Wright sale we mentioned before.

In that case, the statue was returned to the Academy.

So, technically an Oscar is only worth a single US dollar (blood, sweat, and tears nonrefundable).

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This Is What Life Might Look Like If There Was No Gender Health Gap

The gender health gap is a well-documented and widespread phenomenon, where women’s health concerns are regularly sidelined, neglected or dismissed.

To take just one stunning example, the British Heart Foundation explains that women 50% more likely to be misdiagnosed when suffering from a heart attack than men.

Twice as many women as men die from the underlying cause of heart attacks too – coronary heart disease.

Meanwhile, erectile dysfunction (which affects 19% of men) is studied in research five times more often than PMS, (which affects 90% of women), according to ResearchGate.

And endometriosis – where tissue like those which line the womb are found outside of the organ – can cause fertility issues, pain, fatigue and heavy bleeding as well as wellbeing issues. It takes an average eight years to be diagnosed.

Much of the issues come down to a lack of research and funding into women’s health.

The first ever plan to reduce these inequalities was only introduced last year in the government’s Women’s Health Strategy. It’s a start, but the examples mentioned above show we are still a long way off gender health equality.

So, what would life look like if women had the same healthcare as men? Women’s intimate health brand INTIMA has produced a report imagining just that – and its findings are extraordinary.

1. Equal health would shrink the gender pay gap

The gender pay gap is an issue women still struggle with around the world. From November 22, the average woman in the UK is effectively working for free until the end of the year – that’s how large the discrepancy between women’s salaries and men’s salaries is.

As UK charity Fawcett Society notes, working women in the UK take home £574 less than men each month – that works out to £6,888 each year.

The charity calls for more flexible working in an effort to improve women’s pay.

But it’s also worth recognising that health plays a large role, too. A whopping 89% of people experienced stress or anxiety in the workplace because of their period.

INTIMINA points to research dating back to 2015, which claimed women in the UK take 17 million sick days a year because of PMS. A third of women also take at least four sick days a year.

More than a third reported heavy menstrual bleeding too, which has been connected to higher unemployment and workplace absences.

In fact, 2019 research from Standard Life shows women lose on average £5,469 each year in time off while waiting for an endometriosis diagnosis.

Research from BUPA found a million women dropped out of work because of unmanaged menopause symptoms.

If these conditions were better researched, addressed earlier and talked about more openly, it could reduce absenteeism in the workplace, INTIMINA suggested. Flexible working would help deal with these conditions, too.

2. Economic boost

If there was no gender health gap, It could save £18 billion a year, according to INTIMINA.

That’s because endometriosis costs the economy £8.2 billon a year through treatment, loss of work and healthcare costs.

So it makes sense to invest in services to help treat these conditions.

And, according to the NHS Confederation, every pound invested in the NHS ends up giving £4 back to the economy by boosting productivity and workforce participation – truly, a win-win.

3. Boost for perinatal care

Healthcare professionals too often miss new mothers’ mental health struggles, the report revealed.

Research from 2021 suggested one in four new mothers weren’t asked about that side of their wellbeing during check-ups from doctors, with the focus often being on the newborn rather than the mum.

NHS England’s website also explains: “Perinatal mental health problems that are not treated effectively cost society £8.1 billion every year, with the annual cost to the NHS estimated at £1.2 billion.”

Suicide is the leading cause of maternal death during pregnancy and up to one year after it ends in the UK.

But as INTIMINA pointed out, many of the physical issues like incontinence or prolapse can be treated with early intervention and physiotherapy – which can help make new mothers’ lives a little easier.

Ariel Skelley via Getty Images

4. Orgasm gap? Eradicated

Research from 2018 suggests women in lesbian relationships orgasm 86% of the time, and women in straight relationships 65% of the time.

For men, it’s 95% of the time in straight relationships and 89% of the time for gay men – meaning there is an orgasm gap.

Gynaecological cancer charity The Eve Appeal also found women are five times more likely to feel ignored when looking for medical help with reproductive health issues.

But, if women felt more comfortable getting to know their own bodies and speak to their doctors, INTIMINA suggested this would change.

Reduced pain, better mental health and better sex would all have knock-on effects for women’s relationships, too.

5. Women’s mental health improves

More research into conditions impacted by women – like PMS and Endometriosis – could offer a substantial boost to women’s mental health.

If endometriosis could be diagnosed after the first GP appointment – instead of after the average eight years – it would help relieve the 95% of patients who reported it had a negative impact on their wellbeing.

Women with polycystic ovary syndrome (PCOS) are three times more likely to have a mental health issue, while nearly half of those who suffer from premenstrual dysphoric disorder (PMDD) have planned for a suicide attempt at some point in their lives.

INTIMA claimed: “Earlier diagnosis and more effective treatments would help to reduce the mental health toll of menstrual and reproductive health issues. Symptoms would no longer be a barrier to living a full and well-rounded life.”

The brand suggested that, in turn, this would help reduce depression and anxiety among those who suffer.

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Revealed: UK’s Biggest Japanese Knotweed Hotspots

We’ve written before about how much Japanese knotweed can affect the value of your property.

The invasive plant is notoriously hard to kill and can damage the foundations of your home.

In fact, Japanese knotweed can be so devastating that you can be fined thousands for knowingly spreading the plant throughout your neighbourhood or into the wild (you can even be jailed for up to two years).

So, it’s a good idea to work out how at-risk your postcode is. Luckily, Environet has taken the data from its Japanese knotweed heat map (which documents over 58,000 known infestations throughout the UK) to find the biggest hotspots for the weed in 2023.

Here are the top ten affected locations, and some advice on what to do if you do spot the plant:

The top ten Japanese knotweed hotspots in the UK are, in order:

  1. Swansea, with 1,350 known cases in 2023
  2. Bolton, Machester, with 1,010 cases
  3. Bristol, with 986 cases
  4. Cardiff, with 872 cases
  5. Preston, Lancashire, with 857 cases
  6. Nottingham, with 803 cases
  7. Derby, with 711 cases
  8. Caernarfon, Gwynedd, with 708 cases
  9. Llanelli, Carmarthenshire, with 706 cases
  10. Bridgend, with 664 cases.

You can use Environet’s Japanese knotweed heatmap to find out exactly how common Japanese knotweed is near you.

What do I do if I see Japanese knotweed?

First of all, Nic Seal, CEO of Environet, says that vigilance is key. “Make sure you know what knotweed looks like and how it differs from other common garden weeds like ivy and bindweed, so you can keep an eye out for it in your garden and neighbourhood,” he warns.

You can email a photo of the plant to Environet’s free ID service at expert@environetuk.com if you’re not sure what you’re looking at.

“Knotweed is easily identifiable during summer, but as we head through the autumn and into winter, the above-ground growth dies back and it becomes much harder to spot. It’s also easier to conceal, so anyone viewing a property to buy should be extra careful,” Seal adds.

Simply lifting the plant out of your soil won’t stop growth, as Japanese knotweed “can grow from a tiny fragment of root or rhizome in the soil”.

To treat the issue properly, you need to use chemical weed killers which are best administered by pros.

And because Japanese knotweed is classed as ‘controlled waste’ under the Environmental Protection Act 1990, you can’t just bury or burn it after you’ve tackled the issue.

You’ll have to “use a registered waste carrier and an authorised landfill site or suitable disposal site,” according to Gov.uk.

You must also “notify the Environment Agency at least one month before you bury knotweed” (it’ll have to be at least five metres deep), make sure you only burn knotweed on the site it came from, and check with your local council to make sure it’s permitted in the first place.

Fun, fun, fun…

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If You Want A Cheaper Family Center Parcs Holiday, You Should Try This

When it comes to quintessential British family holidays, Center Parcs is up there – between the cute log cabins, wealth of things to do and picturesque settings, it’s got a lot going for it, especially as far as parents are concerned.

But one thing that can put some families off – especially given the current financial climate – is the price tag that comes with a week-long break.

Consumer champion Which? recently found that, on average, the cost of a UK Center Parcs stay is roughly £1,274. And that’s for a family of four to stay at a site for four nights during a peak period like half term.

But if you’re after a cheaper way to enjoy Center Parc’s outdoor adventure vibes, it might just be worth looking further afield.

A new report from Which? found families could more than halve the cost of a Center Parcs break by booking in Europe instead of the UK.

Oh, really?

Yup. The consumer group compared the cost of a four-night stay for a family of four at 16 Center Parcs sites across England, France and Belgium during four peak periods.

It found a UK stay came in at £1,274 on average, compared to £833 in France and £701 in Belgium.

Which? said the biggest price differences could be found for bookings over October half-term and Easter, partly due to differences between the school calendars here and in Europe.

On average, a family could save 55% opting for a Center Parcs resort in Belgium rather than the UK over October half term, with a four night break costing just £613, compared to £1,369 in the UK.

And the savings in France were almost as good, with the same stay costing £868 on average.

But don’t the travel costs make it more expensive?

Of course, with any trip abroad you need to factor in travel costs – and these can really rack up when the kids are off school, especially if you choose to fly.

That said, when Which? factored in travel costs – like taking a ferry and then driving – they still found families could save hundreds of pounds overall.

For example, Dunkirk is less than an hour’s drive from Center Parcs’ Park de Haan, in Belgium.

At the time of writing, a return ferry trip for a family of four from Dover to Dunkirk could be booked for approximately £170 during the October half-term.

Similarly, a return car ferry for a family of four from Dover to Calais could be booked for £125 return during October half term, and over Easter weekend a return journey via Le Shuttle can be booked for £179.

Venturing to European Center Parcs sites is something more and more parents are wising up to. One mum previously told The Sun how she took her family to Center Parcs in the Netherlands during the Easter holidays and saved hundreds of pounds.

For £680 she managed to bag a week in a three-bed cottage. She also suggested activities were cheaper in the Netherlands than in the UK.

And Which? also found this. Its analysis found archery costs between £19 and £26.50 at the UK’s Whinfell Forest park, while it costs £14 at Belgium’s Park de Haan. Similarly, Laser Battle games range in price from £24.50 to £34.50 at Whinfell Forest, and cost £15 at Park de Haan.

Jo Rhodes, deputy editor of Which? Travel, said: “Our research found that it’s well-worth casting your eye beyond the Channel to snap up some significant savings

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Yes Really, You Can Save Money By Regrowing Food From Kitchen Scraps

In the midst of a cost of living crisis, many of us are looking for ways to save money and some Tiktok users have one answer: regrow your own food.

It might seem like something that’s reserved for people who are experienced with gardening, have allotments and a lot of disposable income to spend on equipment and seeds but, realistically, all you need is some compost and leftover pots and jars.

The rest is all part of your weekly shop.

What’s more, by regrowing foods, you’ll be doing your part to reduce food waste – something that is hugely important in the UK as we throw away around 9.5 million tonnes of food waste in a single year despite 8.4 million people in the UK experiencing food poverty.

So which foods can you regrow from scraps?

Spring onions

Regrowing spring onions is incredibly simple. Here’s how to do it:

  • Cut the green top away from the onion and leave 3-5cm of the white base intact.
  • Place this into a shallow jar, glass, or mug and submerge half the plant in water.
  • Leave in a sunny place such as a windowsill and change the water every other day.
  • Take directly from the jar when ready.

Romaine lettuce

The white roots of lettuce are used for regrowth and to do this you simply:

  • Cut your lettuce leaves and leave 3-5cm of height on the roots.
  • Place it in a bowl with enough water to submerge around 1cm of the lettuce.
  • Place this in a sunny position and change the water every other day.
  • After two weeks, the lettuce should have sprouted new leaves and roots and, if so, plant into potting soil or compost for prolonged growth.
  • Harvest when the leaves are around 10cm.

Garlic

If you’re a big believer that ‘there’s no such thing as too much garlic,’ we have great news – you can grow your own, too.

Best planted between November and April, garlic takes a short while to grow but is worth the wait. You can use old or fresh cloves for this but fresh ones tend to grow faster.

To grow your own garlic:

  • Split open a garlic bulb, being careful to leave skin on all of the cloves.
  • Place these cloves upright into a shallow bowl, jar, or mug and ensure that only the bottom of the clove is submerged in water.
  • Once again, place in a sunny position and change the water every other day.
  • Once shoots have grown, they’re safe to be harvested and eaten.
  • You can, however, grow full garlic bulbs by planting your sprouted cloves into soil, using a deep pot and only using one clove per pot. This should take around nine months to mature but you’ll know when your garlic is ready because the leaves turn yellow.

Chillies, tomatoes and peppers

Lots of seeded foods can be regrown from the seeds found inside of them – although some are easier to grow than others.

  • Separate your seeds from the food itself – you may find it easier to remove the pulp from foods such as tomatoes first.
  • Dry your seeds by placing them onto a paper towel for up to a week.
  • Plant into soil or compost and water regularly for best results.

Herbs such as basil and mint

Frequent garnishes and vital parts of many sauces, herbs are the finishing touch to the best meals – but buying them fresh can be expensive. Luckily, regrowing from cuts is simple and can be done year-round. Here’s how:

  • Separate your leaves as far as possible while keeping the roots intact.
  • Place this into a glass or jar filled with water and place in indirect light.
  • Change the water every 5-7 days.
  • Use the leaves as and when you need to and watch it continually regrow over time.
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Here’s What Brits Think A First Date Should Cost

Drinking is a big part of dating culture. Most dates take place at bars or pubs because they’re the perfect place to meet and speak to someone. Additionally, you might be able to calm your first-date nerves with a drink or two – but the price of those drinks can rack up!

Brits spend almost £500 (£454) on first dates per year, according to credit card brand Aqua. This figure could be cut massively if you let go of the booze on your next dates. So much so, that 17% of those surveyed said they’re going to opt for cheaper coffee or lunch dates and 23% of British singles plan to stop dating completely!

When asked how much Brits believe should be spent on a first date, Aqua found that the average expected cost of a first date sits at £37.85.

However, it turns out that men have much higher expectations than women when it comes to first-date spending. The average response from men came in at £43.24, whereas the average response for women came in at £32.26, which is almost an £11 difference per date.

It appears that men are still quite traditional as only 15% of men believe the cost of a first date should be split equally. However, nearly 40% of women believe that the bill for a first date should be split equally.

But bills being at an all-time high, everyone is looking for ways to spend less money including dates.

Aqua has shared tips that will help singletons navigate their love life without worrying too much about their finances.

Have a movie night at home

This is probably one to do when you feel comfortable with the person you’re dating. So when you feel ready to welcome that special someone into your home, why not host your own movie night? With a few DVDs or a streaming subscription, you can recreate the magic of the cinema from the comfort of your own home without spending a load of money at the cinema.

Visit a free museum or gallery

Attending a free exhibition together is another great option as the only cost you need to cover is transport to and from the museum or gallery. The British Museum, The Tate Modern, and the National Gallery are a few London-based attractions offering free admission, but you’ll be able to find something to do wherever you’re based.

Find a local event to attend

There are plenty of free events like food markets, street fairs, or open mic nights advertised in local papers and on social media. More often than not, they’re free to attend and they provide a casual environment for you to get to know each other.

Go for a walk

With lighter evenings and longer days, it is now more pleasant to walk around outside – why not grab a coffee with your companion, go for a lovely woodland walk and enjoy the sunset? Better yet, make your coffee at home ‘to-go’ for a real budget-friendly date.

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Sorry, This Popular Radiator ‘Hack’ Isn’t Saving You Any Money

Spring is on its way but this is the UK and in typical UK fashion, it’s still cold. This means many Brits are still trying to find ways to save money on their energy bills.

The average bill is expected to rise from £2,500 to £3,000 this spring when the UK Government raises its energy price guarantee.

So it’s not shocking to know that people are sharing heater hacks left, right and centre on social media apps.

However, many of these so-called ‘hacks’ that are circling around can actually waste more energy and increase electric bills, with experts warning against trying them out for yourself.

Fortunately, an energy expert from Land of Rugs has done some major debunking around some of these ‘tricks’ and has a few tips on how to keep your house warm for less instead.

1. Turning the heat off if you are not home

While leaving the heat on low sounds like it will waste money, increasing the temps 10-15 degrees until your desired temperature has been reached is more expensive than keeping the house warm throughout the day.

“Keeping the thermostat set between 16-17C when nobody is home and bumping it up a couple of degrees to 18-20C when needed is the most efficient way to heat the house, as small adjustments of 1-2 degrees for short periods do not greatly increase energy bills,” the pro explains.

“Program your thermostat or set a timer to increase the heat a couple of degrees, just when some extra warmth is needed, such as before bed or in the morning.”

2. Tinfoiling the radiators

This is a common “heating hack” on TikTok, but it doesn’t really increase the temperature in your home or save money. In order for the tinfoil to be effective, radiators need to be turned on extremely high for long periods of time.

“The best way to save money with radiators is by making sure that they are working efficiently, not blocked by furniture, and that they have been bled at least once a year,” the expert from Land of Rugs says.

3. Using portable heaters

Portable heaters are usually not cheaper to use than central heating, as using them to heat the entire house can cost 2-3 times more than central heating. If you want to heat up one room in your house, a space heater could potentially save money, but central heating still seems to be the cheapest way to heat an entire home.

Instead of following these hacks, the expert suggests following these instead.

Seal windows and doors

Resealing doors and windows with caulk and weather stripping is beneficial, but using cling film or rolled towels around windows and doors is another inexpensive way to keep draughts out and heat in.

“Add a few extra layers by putting bubble wrap over windows and closing the curtains or blinds to keep the cold air from entering rooms,” they suggest.

Draught-proof your letterbox

If your letterbox is not fitted snugly to your door, it can let heat out and cold air in. Fitting a letterbox draught excluder with brushes can prevent cold air from seeping in through the box.

“A money-saving hack is to pop a sponge in your letterbox to absorb the cold air. Make sure it is fitted snugly and be sure to tell the postman,” the expert adds.

Install curtains over your front door

While many have curtains over windows to assist with keeping the heat in, it is also beneficial to install curtains above the front door. Door curtains can prevent cold air from seeping in whenever the door is opened.

The expert advises, “make sure to install the curtain rod a foot past the entryway if possible, and choose curtains made from thick, thermal material.”

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The UK Economy Has Flatlined. So What Does That Mean For Your Finances?

The UK just managed to avoid falling into recession towards the end of last year.

After shrinking for one quarter, it (ever so slightly) jumped back between October and December by just…not growing at all.

Chancellor Jeremy Hunt said this was a sign “our economy is more resilient than many feared” – but warned that we’re still not “out of the woods yet”.

It’s also worth noting that Friday’s data – which has helped experts decide if we’re in recession – is only the first estimate. These numbers are often revised later.

But what does all this mean?

What has just happened to our economy?

Data from the Office for National Statistics (ONS) said the economy recorded zero growth between October and December.

According to the ONS’s director of economic statistics Darren Morgan, it comes down to a few different factors – including strikes.

“Public services were hit by fewer operations and GP visits, partly due to the impact of strikes, as well as notably lower school attendance,” he said.

“The break in Premier League football for the World Cup and postal strikes also caused a slowdown.

“However, these falls were partially offset by a strong month for lawyers, growth in car sales and the cold snap increasing energy generation.”

Across the whole of 2022, the economy did grow by 4%, despite the cost of living crisis squeezing household incomes.

UK quarterly economic growth (GDP)

PA Graphics via PA Graphics/Press Association Images

UK quarterly economic growth (GDP)

What is a recession?

A recession is defined as two consecutive quarters (so six months in total) where the economy shrinks. This is also known as a decrease in the value of goods and services we produce, Gross Domestic Product, or GDP.

If GDP declines in value people’s income tend to fall.

In the third quarter of 2022, July to September, the economy did shrink by 0.2%. But because it didn’t shrink again the next quarter, we’ve just missed out on meeting the criteria for a recession.

The last recession was in 2020 at the height on the pandemic, but it only lasted for six months, although it did see a 20.4% reduction in the UK economy between April and June in 2020 though – the largest on record.

Before that, the 2008 global financial crash went on for five quarters.

Why is 2023 still expected to feel like we’re in recession?

Even if we don’t meet the technical definition for being in a recession right now, experts believe that it will very much feel like the country is in a period of negative growth already.

After all, the UK is still the only G7 country which now has a smaller economy than it did prior to the pandemic.

And experts at the International Monetary Fund (IMF) still expect the UK to be the only G7 country to fall into recession this year, and set to perform even worse than Russia.

And 2023 is still set to feel like a recession for many, according to an economist at National Institute of Economic and Social Research (NEISR).

“A focus on the economic crisis faced by most of the British population, rather than technicalities, offers a more insightful perspective,” NEISR’s Paula Bejarano Carbo told POLITICO.

One in four UK households (potentially seven million families) will not be able to fully pay off their food and energy bills in 2023 – that’s an increase from one in five last year, according to NEISR.

So how would a recession affect you?

The job market

Recessions usually trigger companies to let more people go, as consumers spend less and businesses have to adjust their margins.

This pushes unemployment levels up.

Employers may also reduce workers’ hours, cut wages, pull back on bonuses and financial incentives or introduce a hiring freeze to an effort to reduce their outgoings.

The stock market will probably struggle too. As people tend to send less, companies report lower earnings, investors consider liquidating their stocks.

Consumer buying habits

Everything becomes more expensive in a recession – and inflation is already at a 40-year-high of 10.5%.

The Bank of England has been increasing interest rates in recent months in an effort to decrease the double-digit inflation. That means the price of borrowing increases.

So your credit card balance will also come with higher payments, and anyone looking to secure a mortgage will likely only be offered more expensive deals.

Only if you have a fixed rate mortgage will your monthly payback stay the same.

So lenders may want to think twice before letting people take out loans, which could affect people’s ability to go after large purchases.

Government spending

More economic growth means the government usually gets more money in taxes.

It can then spend more on benefits, public services, government workers wages or reduce taxes – but this can equally all be negatively affected if the economy shrinks too.

How can you prepare for a possible recession?

The Office for Budget Responsibility (OBR) still expects the economy to shrink by 1.4% in 2023, with the recession causing an overall drop of 2% in GDP.

Although it is expected to grow again by 2025, it’s still best to prepare now.

  • Pay off your debt sooner rather than later – interest rates are expected to continue rising this yer
  • Save, if you can, in the event of sudden redundancy
  • Try to secure multiple sources of income
  • Look for a recession-proof career, if possible.
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January Is Notorious For Job Layoffs. Here’s To Manage The Anxiety

January marks the start of a new year and many fresh beginnings – but it also kickstarts a grim month of layoffs.

In the first week of January alone, Amazon, Vimeo and Salesforce disclosed plans for mass layoffs. In a letter to employees, Salesforce CEO Marc Benioff said the company is cutting 10% of its workforce, explaining it had “hired too many people leading into this economic downturn we’re now facing.”

Over the last 10 years, January has been on average one of the most common months for layoffs, according to the US Bureau of Labor Statistics data. The reason is largely calendar-driven, experts say.

“We often see quite a bit of layoffs in January,” says Sarah Rodehorst, co-founder of Onwards HR, a company that helps businesses conduct layoffs.

“As they analyse their data from the last year, what budgets they have going forward, they really are planning strategies for the year, so there’s often a lot of restructures, reorganisations.”

Rodehorst says she is seeing an uptick in layoffs for the tech, retail, banking and insurance industries in the new year. If a company in those fields hasn’t made an announcement, she says, “chances are there is some planning happening.”

Another reason could be that many bonuses are typically awarded in January, too. “That’s a time when you also give bonuses, and so if you are trying to be mindful and not particularly ethical about who gets those and how much they get, some companies may try to take advantage of this” and lay off eligible employees instead of giving them their bonus, says Sandra Sucher, a professor of management at Harvard Business School who has researched layoffs.

If you’re worried about losing your job this month, that can send you into a spiral of panic and deep anxiety. Take a deep breath and plan accordingly. Here’s how to deal if you know or suspect a layoff is coming.

Recognise first that these intense feelings are totally normal

Losing a job is among the most psychologically stressful things we ever go through. One study asked 112 professionals to do a retrospective checklist of their most stressful life events, and losing a job as head of the household ranked above divorce, hospitalisation due to illness or injury and the death of a close friend.

Something that can help alleviate the anxiety? Focusing on what you can control instead of worrying about whether you will be laid off on some uncertain date. The decision to lay you off may have already been made weeks ago, so Gregory Tall, a workshop facilitator who coaches managers, does not recommend “working your tail off” in an attempt to be spared.

If you have heard rumours about layoffs coming, Tall instead advises assuming that you will be laid off and planning for that future. “It’s easier to cease all preparations than to begin all preparations if you don’t,” he points out.

Calculate your finances and document what you want to save now. This is the time to calculate and save for your emergency fund. Tall says to ask yourself, “Am I immediately in trouble? Because if so, I need to think right now about how to generate income.”

And while you have a job, save client testimonials and past performance evaluations that will aid you in a future job hunt. If you believe you may lose your job for discriminatory reasons, legal experts advise documenting everything now so that if you are suddenly let go, you can be prepared to take your evidence to a lawyer.

Reflect on what you’re good at and what you want to be good at. Losing a job can also be a time to reset and do a career pivot. If you do not know what you want to do next, Sucher recommends take a week or two to note which company stories interest you, what industries they are in, and what it is about them that interested you.

And if you have trusted colleagues, try asking them about your strengths. When she was contemplating a career move from Fidelity Investments to the faculty at Harvard Business School, Sucher says she asked trusted co-workers, “What was I good at?” to get insights that were helpful and sometimes surprising.

This exercise can also be a much-needed boost to your confidence.

“If you do get laid off, that is an assault to your ego,” Sucher says, noting that questions of “Why was I chosen when they weren’t?” are painful, regardless of how quickly you find your next job. “The people who do best at recovering from layoffs are people – and this is demonstrated from research – who have a positive mindset and they don’t blame themselves for the fact that they got laid off.“

See it as an opportunity to job-hunt. Although January is a month with heavy layoffs, it’s also a month where you are more likely to get a new job, too. Rodehorst says it’s the month where companies make the most new hires.

“A company that may be having layoffs may also be hiring in other areas,” she says, adding later that, “It’s the month with the highest level of change. The hiring and firing side, just as companies look to restructure their organisation and plan for the future.”

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Christmas Pay Dates Are Screwing Us More Than Usual This Year

With both Christmas and New Year’s Day falling on a Sunday this year, the following Monday and Tuesday become bank holidays – which means the day you get paid will be moving.

The majority of companies opt to move their December pay date forward in this situation, which can feel like a real festive treat for employees at the time.

But come January, when you’ve potentially had 40 days or more between pay cheques, the disruption to your usual budget can really hit hard.

Every year when this happens, you’ll see tweets on social media with people joking about January pay day feeling a million years away.

But with the cost of living so high this year and people’s finances already at breaking point, for many households this will be no laughing matter.

All this means that preparing for the inevitable Christmas pay gap is even more essential than usual.

If you’ve already been paid this month, try to avoid using those early funds to pay for last-minute Christmas gifts and extras that aren’t essential.

To help with budgeting, Mat Megens, CEO of money-saving app HyperJar, recommends dividing your December salary into five as soon as it hits your account.

“If you’re used to a monthly salary lasting four weeks you can come unstuck when you’re paid earlier than usual in December,” he tells HuffPost UK.

“So make sure you divide what you have by five (depending when you’re paid) – not four – to get you through to that next pay cheque at the end of January.”

If you receive Universal Credit alongside your salary, a shift in pay date can also change the benefits you receive – something to factor into any budgeting.

Anna Stevenson, senior benefits specialist at the charity Turn2us, explains: “Unfortunately, if you’re on Universal Credit, this can cause problems, because it might look to Universal Credit that you got twice as much pay in the month as you actually did.

“Your employer is supposed to report pay on the usual pay date, even when they pay early but it might be a good idea to remind them of this and point them to the HMRC guidance.”

If you think your Universal Credit payment has been cut in January, Stevenson advises contacting the Department for Work and Pensions (DWP) to explain what has happened.

“If it has been cut, be sure to ask for an RTI (real time information) dispute,” she says.

“This means that the DWP can investigate and re-assign your missing payment to your next month’s payment. It is worth noting this can take over a month to rectify, so it is best to talk to your employer before you are paid to prevent this happening.”

Others have shared their own tips on social media, such as setting some money aside and ‘paying yourself’ on your usual pay date.

Megens provides us with these further tips for staying on top of your budget when your pay date has moved:

Swap brands for supermarket own-label
Food is one of our biggest monthly expenses. You can save around £40 in January by swapping big brands for supermarket own-label equivalents.

Forget regifting… resell instead
If you don’t have gift receipts, head to auction sites like eBay, or try Depop and Vinted for clothes and accessories, to get some cash back in your pocket in January.

Have a strategy for the sales
Set yourself a limit if you’re spending in the Boxing Day and New Year sales and don’t get carried away. Only buy what you’ve planned for, and double check the price now so you’re sure you’re getting a genuine bargain.

Take control: plan for pressure points
Use any downtime between Christmas and New Year to take your first budgeting steps into 2023. Plan for the year’s financial pinch points – those big expenses that come up every year, like house insurance, holidays and Christmas. Note when they’re due and how much you need to start putting aside to pay for them and avoid getting into debt.

And if you’re doing all that and you’re still worried about money, Stevenson says it’s worth checking whether you’re eligible for state support.

“Millions of people miss out on thousands of pounds each year because they’re not sure what they’re entitled to,” she says – urging people use the free Turn2us Benefits Calculator to find out what extra help may be available to you and your family at this time.

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