Friday 31st of December 2010
It appears an increasing number of people are struggling with their finances - which could result in them asking individual voluntary arrangement questions - as many are aiming to cut back their spending in 2011.
And it seems a considerable number of UK adults will start restricting their expenditure as soon as the year kicks off, as new research from NS&I has found many are planning on low-key New Year's Eve celebrations in an effort to save cash.
The study showed 48 per cent of respondents are planning to stay at home on December 31st, while 44 per cent admitted they will be remaining local in a bid to reduce travel expenses.
Savings spokesman for NS&I Tim Mack said: "It's especially important that you don't give yourself a financial hangover for the new year."
Moneynet.co.uk spokesman Andrew Hager recently warned Brits that 2011 is shaping up to be a bleak year from a financial point of view.
BY Chris King
- 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
- IVA questions may be asked by Brits using credit cards
