Monday 19th January - the worst day of the year

By Staff Writer
Monday 19th January - the worst day of the year

If you were feeling a little more depressed than usual on Monday and not sure why, a British psychologist has the answer for you.

Quite simply, Monday the 19th of January is officially the most depressing day of the year.

Dr Cliff Arnall, a former Cardiff University professor, has drawn up a mathematical equation to prove that yesterday, the last Monday before payday in January, is the most depressing day of the year.

Proving depression using a mathematical equation may seem somewhat farfetched, but Andy Gilder - editor of online personal finance experts www.justmoney.co.za - says that there are a number of factors that contribute to Monday being as depressing as everybody might have thought.

"While Dr. Arnall's theory takes into account factors like body image, the cold Northern hemisphere weather and the likelihood of the first broken New Year's resolution, there are a number of very tangible factors that made Monday such a tough day for South Africans."

" Apart from the Monday and post holiday "blues", it has been a very long time since we all received our last pay cheque as most companies pay Christmas salaries earlier in December. That means we all have to stretch our monthly income just that little bit further in January."

"In addition to that, with the end of the month coming up we all know that the credit card bills from the Festive Season are just around the corner and if like many South Africans you have over indulged over Christmas, you could be in a state of genuine ‘New Year Depression', with the prospect of starting a new year in debt a genuine concern."

Starting the year on the back foot puts a lot of people into the doldrums, but we needn't stay depressed for too long, Gilder insists. Instead, why not make one more New Year Resolution?

One that affects your financial mood...

Gilder says "The New Year often brings with it things like policy renewals for insurance cover and medical aid. So, instead of signing away for another year of the same, why not be proactive in seeing whether you could be saving yourself money by moving providers or negotiating a better deal with your current one. Even if you save yourself a small amount, it will be rewarding to know that you aren't paying a cent more than you should. That, as far as the News Years Financial Blues goes, could be enough to beat them down."

"Sadly, if you've already tossed away the nicotine patch there isn't anything we can do for you, and if you have already stopped hitting the treadmill as often as you had promised yourself you would, we aren't the people to call. But, if you are looking to save some money in 2009 and want a resolution that is achievable and easy to follow out, log on to www.justmoney.co.za and compare a range of financial products and save yourself some money."

 

Recent Articles

Featured 5 Ways to fireproof your house

It’s a fact that some homes are more prone to fire than others. A tragic example of this is the horrific 2017-Knysna wildfires in which people lost their lives and homes. How can you fireproof your house? Justmoney learnt five things you can do to improve safety and reduce the risk of damages.

 

Read more

Do you still need credit life cover when you have life cover?

When you take out credit, your creditors will require you to pay back what you owe no matter what your circumstances are. This is why they have credit life cover built into their loans to ensure you are still able to pay off your debt, should any unfortunate event occur. 

 

Read more

Are you ready to just tap and go when you pay?

The integration of the tap and go system has revolutionised the way consumers make payments. Instead of having to insert or swipe your card, you are now able to simply tap and have the payment registered almost instantaneously. But how safe is this?

Read more

Debt consolidation – Explained

Dealing with debt can be daunting. If you’re struggling to keep track of which store account to pay next and weighing up which credit card is more important to settle first, you may have considered debt consolation. At Justmoney, we’ve decided to get down to the basics and explain what this entails and what impact you can anticipate on your credit score.  

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

Senior Citizens Property Rebate

Price: Available on request
When: Daily
Where: Nationwide

100% on disability cover premiums

Price: Available on request
When: Daily
Where: Nationwide

Cubana Breakfast Special

Price: R37
When: Daily
Where: Nationwide