Christmas Risks because Christmas isn’t always fun and games

There are risks to you with Christmas. In fact the risks could be greater to you than at any other time of the year. The Institute of Risk Management (IRM) has compiled a list of the most commons risks facing most people and of course how to manage them as follows:

Debt: Hard to avoid at Christmas. The IRM recommend managing this risk by limiting gifts to one per family. Alternatively encourage everyone to make their gift. It will save adding to the credit card bill.

Being shocked: Not just at the cost of goods or your weight gain, but high hazard things like Christmas lights and other gadgets plugged into the mains. It not only puts your power costs up but places the home power circuit under pressure. To avoid a shock and potential trip to Emergency, it may be time to upgrade the lights, unplug occasionally and make sure they aren’t left plugged in and unattended for long periods.

Crime: Many Mobile devices, such as smart phones and tablets will be on the wish list this year. However they contain a lot of sensitive data and a host of personal information. They are also targeted by crooks. So if giving or receiving these as a gift, the Institute of Risk Management recommends packaging it with security software.

Overindulgence: With the amount of parties and all the treats on offer, resistance can be futile. However to avoid gaining a waistline to rival that of Santa Claus,  the Institute of Risk Management suggests balancing this extra intake with additional and regular exercise.

Embarrassment: Having a good time at the staff Christmas party or family function often involves the consumption of plenty of alcoholic beverages. This can sometimes to lead to uninhibited affections or instead negativity surfacing. This can sometimes lead to a loss of temper and aggression ending in dramatic and unwanted situation. Then the regret and illness the next day. Opting for drinking less could mean avoiding that awful ‘day after’ moment.

Ill will: The old saying you cannot choose your family means, distance is often best when it comes to family. However at Christmas time we see an obligation to get the family together. This creates new risks that are hard to avoid. The Institute of Risk Management recommends being the bigger person “when you are reminded, yet again, of the slight you caused Uncle Harry eight years earlier”.

Present panic: The rustle of wrapping paper is often accompanied by anxiety from both the buyer and receiver. Will they like it? How do I react to what they give me? Better practice my “fake appreciatons”. As costs keep increasing and expectations grow it has never been harder to choose the perfect gift. Reduce this risk by making wish lists, setting budgets and holding ‘present swap’ days to recycle unwanted gifts or donate them to a charity.

TV tantrums: The post-Christmas meal ritual often sees families retire to the lounge to enjoy some festive television. A new battle begins for being the master of the all-important remote control. Avoid conflict by compromising, accepting that your day will inevitably involve yet another re-run of Carols in the Domain.  But you can set the recorder for your favourite programmes and watching them later. Besides it is a good time to nap.