Brits should get a handle of finances in the New Year

Posted 2008-01-9

According to the Department for Work and Pensions (DWP) over spending Britons need to think ahead for their longer term financial plans.   The DWP has said that a lack of financial planning for expensive periods such as Christmas and festive overspending often leads to financial shortfalls.  As a consequence, some households are left struggling to pay bills.

More than 50% of Britons overspend at Christmas, with people in the North-East, North-West and Wales suffering the largest financial hangovers. Susan Clark of Job Centre Plus said:

“Struggling to pay the bills after Christmas is a situation that many people find themselves in and can be very stressful.”

One way of managing overspending may be to consolidate existing debts into one loan.

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