Times are tough for young parents, with high inflation continuing to erode our spending power.
Official figures have shed further light on the difficult financial situation which faces many of us at present. They have also brought to the nation's attention an increase in the number of 25 to 34-year-olds who are becoming insolvent with the help of debt relief orders (DROs).
The Insolvency Service revealed that around a quarter of English and Welsh consumers who have made use of DROs have been between the ages of 25 and 34 - a telling statistic, and a concerning trend in many young households.
Help, however, is hopefully at hand. In order to offer support to young people who face debt problems, a new campaign has now been launched by the service and organisations including the Citizens Advice Bureau and the Money Advice Trust.
The trust's chief executive, Joanna Elson, said: "Many struggling 25 to 34-year-olds might have expected to be further up the financial ladder by now.
"At the same age their parents would most likely have bought their first home, have a comfortable pension lined up, and be saving for the future. For today's 25 to 34-year-olds the picture is much bleaker.
"The good news is that help is available and free advice services can make a big difference."
Debt is something which can creep up on us all if we're not careful.
So if you're thinking about taking advantage of the January sales by using repayment schemes, check out our guide first for all the ins and outs.