Tuesday 22nd of February 2011
It appears many people are attempting to get their finances in order by searching for bargains to reduce their expenditure.
But for those whose monetary situation has got out of control and owe in excess of £15,000 of debt, asking individual voluntary arrangement questions could be a logical next step.
Anna-Marie DeSouza, editor at Build It, noted many individuals are turning to DIY as they wish to undertake cost-effective home improvements over the next year.
The expert observed a high proportion are switching their attentions to the internet as they scour for the cheapest products available.
She said many people "will go and have a 'hands on' look at various products in the shops, make a note of the price and then search for the best offer on the web".
The comments come after director at the Centre for Retail Research Joshua Bamfield suggested families need to cull their spending to counter any future reduction in working hours.
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
- Parents' debt management problems 'due to recession'
