Credit Action statistics released this month reveal that 43% of adults in the UK admit they struggle to make it to the next payday. This is a worrying statistics considering the ease of accessing incredibly high interest “payday loans,” and similar products, that can lead consumers into debt.
It’s little wonder, though, when we consider that only just over a quarter of us follow any sort of written budget on a month by month basis. Not following a budget means that unexpected expenses such as car repairs, household repairs or even occasions like birthdays and anniversaries can result in a cost that leaves us waiting anxiously for the next pay packet!
Avoid this sort of sting by budgeting carefully each month and keeping an “emergency fund,” aside so that these nastly little surprise expenses don’t leave you with empty pockets!
MoneySolve can offer free and confidential, expert advice. Call now on freephone: 0800 040 7064.