Think Money

Think Money

December 23, 2010 12:05 ET

Make a resolution for better finances in the New Year

LONDON, UNITED KINGDOM--(Marketwire - Dec. 23, 2010) - Financial solutions company Think Money (http://www.thinkmoney.com/) has encouraged people to make a point of getting on top of their finances in the New Year, warning that despite some improvement in the economy this year, there are still difficult times ahead.

The comments come after research by R3 found that almost a third of people believe their financial situation will deteriorate over the next six months, with concerns about job security and personal debt heading the list of worries.

Only 22% of respondents to the survey felt their circumstances would improve over the next six months - down from 35% in the previous quarter.

A financial expert at Think Money commented:

"Nobody should simply resign themselves to the idea that their financial situation will get worse in the coming months. With the New Year approaching, now is a good time to make a resolution to get on top of your finances.

"There are plenty of things people can do to improve their finances. One idea might be setting a budget - ensuring they put aside enough for all their essential costs so they're less likely to fall behind. Starting a savings account is also a good idea, because savings can provide some protection against unexpected costs.

"It's also a good idea to focus on repaying debt, because the interest on debt can be an unnecessary drain on your finances. Those who feel unable to keep up with the agreed repayments on their debts might want to look at suitable debt solutions, such as a debt management plan.

"Getting back on top of your finances might seem difficult now, but it's often easier than people realise. If you're worried, it's always worth getting in touch with a financial adviser to discuss ways of improving the situation."

Notes to Editors

Think Money is one of the UK's leading financial solutions providers, delivering a comprehensive range of financial solutions, including loan, insurance and banking solutions.

Think Money defines its mission as 'To educate, rehabilitate and advise on all aspects of financial management'.

For more information, visit the Think Money website at http://www.thinkmoney.com/.

Think Money debt management section: http://www.thinkmoney.com/debt/debt-management/.

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