Jan
12
Debt management may be needed in the aftermath of the January sales
A large number of Brits may be seeking debt management services following a spending splurge that has left them with stretched finances.
New research reveals that almost £5 billion will be spent by people in the January sales in the UK this year, and nearly £2 billion is expected to be wasted on purchases that people later throw away or don't use.
Men are said to spend an average of £56 more than women, through buying televisions, games consoles and stereos.
Proposition director of protection specialist firm Bright Grey, Roger Edwards, said Christmas was enough of a strain in itself, without additional bills for impulse purchases.
The most concerning aspect was the amount being wasted on unsuitable purchases, said Mr Edwards.
"It seems a lot of us are getting carried away with impulsive spending, but by simply cutting back a little we could put the money that's saved towards protecting our lifestyle and financial security," he added.
Andrew Hagger of moneynet.co.uk recently stated that failure to check the state of a current account or a tendency to casually spend could result in "hefty" bank charges due to unauthorised overdrafts and loans.
New research reveals that almost £5 billion will be spent by people in the January sales in the UK this year, and nearly £2 billion is expected to be wasted on purchases that people later throw away or don't use.
Men are said to spend an average of £56 more than women, through buying televisions, games consoles and stereos.
Proposition director of protection specialist firm Bright Grey, Roger Edwards, said Christmas was enough of a strain in itself, without additional bills for impulse purchases.
The most concerning aspect was the amount being wasted on unsuitable purchases, said Mr Edwards.
"It seems a lot of us are getting carried away with impulsive spending, but by simply cutting back a little we could put the money that's saved towards protecting our lifestyle and financial security," he added.
Andrew Hagger of moneynet.co.uk recently stated that failure to check the state of a current account or a tendency to casually spend could result in "hefty" bank charges due to unauthorised overdrafts and loans.
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