Debt fears fuels wave of belt-tightening
Debt fears fuels wave of belt-tightening
Monday 14th July 2008
In a poll conducted by Abbey, it was discovered that almost half of the population are planning to raise extra funds outside their 9-5 work.
Some 30 per cent intend to sell one of their possessions, while 12 per cent are looking to take on a second job.
Meanwhile, four per cent are thinking of volunteering to be a medical research subject.
Phil Cliff, director of Abbey Mortgages, commented: "Careful financial planning and budgeting can help combat the effects of rising inflation, and everyone should ensure that they are shopping around for the best financial products."
Higher living costs have been fuelled by soaring wholesale energy prices, which have in turn sent gas and electricity bills soaring, and increased repayments on mortgages.
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