Tuesday 31st of March 2009
The recession has led nearly 80 per cent of people to think more carefully about their spending, research has found.
A poll by the Charities Aid Foundation revealed that many people are cutting back, with one-third choosing less expensive shops.
Such tactics could form part of a debt management plan, although those who are unable to solve their financial difficulties may wish to seek IVA advice in order to address their situation.
The survey of over 2,000 people also showed that 42 per cent consider money to be more important since the onset of the downturn.
However, charitable donations are continuing with 77 per cent of people not changing the amount they give and eight per cent actually increasing it.
John Low, chief executive of the Charities Aid Foundation, remarked: "It is heartening to see that some good is coming out of these very difficult times as values in society change for the better."
Being unable to repay debts is one of the key concerns for consumers at the moment, research by Lloyds TSB revealed last week.
- 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
- Price rises 'making financial survival difficult'
