Making a budget plan could ease consumers’ finances

Posted 2008-01-10

The Consumer Credit Counselling Service (CCCS) is advising Britons to make an annual budget to plan ahead for their spending.

Frances Walker from the CCCS is recommending consumers to calculate their annual budget to calculate their monthly repayment.  Walker suggests that if monthly outgoings are over 20% of people’s income they should look at how to optimise their budget.

Debt consolidation may be a good way of reducing monthly repayments and ease consumers’ budget.

Credit Action estimates that UK’ debt totalled £1,4000billion.

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