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Latest News
<< Most Recent Articles
'Time to turn over a new leaf' in personal finance
The new year is a perfect time to start managing personal finance and debt according to Thomas Charles, a debt consultancy.
Forward planning at this time of year is essential to ensure that financial worries are minimised, said Thomas Charles director James Falla.
With 15 per cent of British people being seriously in debt, according to a recent YouGov survey, Mr Falla has recommended the new year as a great starting point "psychologically to turn over a new leaf" and begin to understand finances.
Mr Falla commented that if people are considering sorting out their finances, then this is the time to do it.
"I think the first thing that people have to do is to understand their budget," he said.
"It's quite a simple thing, but understand what money is coming in and what money is coming out, so you can work out yourself what you should be spending."
Debt consolidation may be an option for those wishing to sort out their finances in the new year.
See how much you could save with a debt consolidation loan from Lombard Direct.
© Adfero Ltd
27/12/2007 10:53:22
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