‘General’ News
Annual Budgeting ‘may sort out finances’
Posted 2008-01-10
Cash-strapped Britons need to spend more time planning ahead, a counselling service says. People with outgoings such as annual car insurance payments or quarterly bills could find it useful to work out 12-month plans, the Consumer Credit Counselling Service said. Frances Walker, spokesman for the service, said people need to sit down and do a budget, saying: “You need to do a yearly budget and divide it by 12 so you take account of everything and it’s also a good time to look at income maximisation.” She added people paying over 20 per cent of their income towards monthly repayments are overextending themselves. Britons are currently carrying a total of £1.4 billion in debt, according to Credit Action figures. ...
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Government Urges Spenders to Get a Grip
Posted 2008-01-9
The Government is warning Christmas overspenders to regain financial control and think long-term. The Department for Work and Pensions (DWP) says poor planning for events like Christmas leaves people with a financial shortfall and struggling to pay regular bills. Over half the people in the UK overspend at Christmas, with the north-east, north-west and Wales suffering cash problems, departmental research says. Susan Clark, of Jobcentre Plus, said: “Struggling to pay the bills after Christmas is a situation many people find themselves in and it can be very stressful.” The DWP also recently revealed plans to create a new anti UK child-poverty unit. According to statistics, Government measures over the last ten years have helped rescue 600,000 children from poverty. ...
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Dog Owners Urged to Plan Finances
Posted 2008-01-2
Dog owners need to take care with their cash as too few are taking out pet insurance, one company has advised. Tesco Pet Insurance says just 12 per cent of animal lovers take out insurance for their pet, risking large vet bills that could add to finance problems. The financial services provider says 5.2 million UK customers who own a dog need to take particular care with managing their money, ensuring they can handle the financial commitment. Tesco spokesman Allan Burns said the price for treating an uninsured dog can be “hefty”, and the company is publicising its offer of a 20 per cent discount to customers who buy their pet insurance online. A further ten per cent discount will be given to customers buying over the phone. According to Tesco, the offer could help the estimated 38 per cent of pet owners who say they could not afford a visit to the vets for their animal. ...