Tuesday 25th of January 2011
The number of people whose finances are in such a condition that they are seeking individual voluntary answers could be about to increase.
This is because new research carried out by Halifax Home Insurance has highlighted what little money the British public currently have.
According to the study, 58 per cent of those questioned do not have enough money to go on a night out this January.
It was found 39 per cent of respondents will be staying in during the first month of the year more than they usually do.
Indeed, the investigation revealed 11 per cent of the population - which equates to more than five million people - will forego leaving their place of residence altogether as they spend in excess of 20 hours indoors each weekend.
The findings come after managing director at Informed Choice Martin Bamford claimed families need to start making tough money decisions sooner rather than later.
By Hayley Jones
- Debt consolidation loans falling, figures show
- Britons 'changing attitudes' towards debt management
- Homeowners 'more concerned with debt management'
- Low interest rate 'contributing to debt management efforts'
- Debt management growing in importance, survey finds
- Tracker mortgage customers 'need to up their repayments'
