[Video]: How much of your December salary is left for the January stretch?

January; the first month of every year, is considered the most financially challenging month for workers.

It comes directly after December; a month of celebration, unplanned spending and holidays.

In Ghana, employers pay salaries latest by the 24th due to the long holidays ahead.

The usual planning and careful spending of monthly salaries is conveniently ignored by employees.

Immediately the money hits their accounts, they begin to make a list of all the things they need to buy and do to make them enjoy the Christmas holidays.

It is not surprising that other individuals tap into their life savings to purchase items they promised themselves to own by the close of the year.

When work resumes in the New Year, people are then hit with reality; no more parties, outings, family get together and the likes.

People begin to complain about how difficult the month of January is, because they realize they are unable to meet their financial obligations such as the payment of school and feeding fees for their children.

The days “slowly” go by for most people forgetting that some months also have 31 days.

Some go on a borrowing spree to assist them survive the “slowest and most difficult month” of the year, according to them.

Citifmonline.com hit the streets of Accra to find out how people are coping and surviving the month of January after virtually “blowing” their savings.

By: Efua Idan Osam/citifmonline.com/Ghana

Follow @osamidan

Video by: Godfred Odoom