- Wednesday, 2 March 2011
Brits, including those currently seeking debt help, have been urged to budget to make their money stretch further.
Such is the advice of Ed Bowsher, head of consumer finance at lovemoney.co.uk, which is an everyday money site.
He said: "The secret to stretching your pay packet is budgeting. If you monitor what you spend, and plan your future spending with real care, your spending should fall."
Other ways in which people with debt problems could make more money to pay off their debt solutions is by renting out a spare room.
Mr Bowsher added that renting a room out is a great way to make some money, especially as no tax has to be paid on rental income up to £4,250 a year.
He made these suggestions after the Resolution Foundation analysed official government figures and found that average pay is set to be no higher in 2015 than it was in 2003, despite inflation increasing.
Thu, 03 Mar 2011
Single people living alone are the most likely to overspend to pay for a comfortable lifestyle, which may lead them into debt problems... Tue, 01 Mar 2011
Brits currently seeking debt help could save around £300 a year by bundling their broadband, home phone and digital TV into one package, with one provider... Mon, 28 Feb 2011
Brits, including those seeking debt advice, may want to install a water meter in order to save money on their water bills... Fri, 25 Feb 2011
Parents seeking debt help should ask their children, who are earning a wage, to contribute towards their living costs...
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