‘Spend Carefully over Christmas', Personal Finance Website Warns
Released
on: December 11, 2009, 11:49 am
Author:
MoneyStand
Industry: Financial
During tough economic times with rising levels of personal
insolvency, one UK website is offering consumers reliable, factual and
helpful money advice.
Personal Finance weblog MoneyStand.co.uk has been providing information and
opinions on personal finance since January 2008. The blog was created for UK
consumers facing common financial issues wanting honest, up front information with
no hidden agendas. The website will be launching a series of articles on seasonal
spending this Friday to help consumers spend less over the festive season and start
sensible budgeting.
According to a report released by government body The Insolvency Service at the
start of November, personal insolvencies have risen by 28.8 percent in the past
year. This figure consisted of consumers who had opted for bankruptcy, IVA or a Debt
Relief Order to overcome their debt problems. Although the increase in individuals
seeking personal insolvencies may be attributed to a rise in unemployment,
MoneyStand.co.uk estimates that this figure will continue to rise during 2010
following excessive spending over the festive season.
Founder Matt Spencer said, “Along with Christmas and seasonal celebrations comes a
heavy expense. Thousands of families across the United Kingdom will find themselves
with obscene credit card bills during January and face the difficult question of how
to pay it back and get out of debt.”
“We have seen a massive increase of personal insolvencies since the economic
downturn and estimate the further financial pressure that Christmas brings will be
the ‘final straw’ for many people already struggling with debt without careful
budgeting. We urge consumers to spend carefully over the holiday season.”
MoneyStand.co.uk is a resource for anyone in the United Kingdom wanting to learn
more about debt solutions such as IVA (Individual Voluntary Arrangements),
bankruptcy, debt relief orders, debt management plans and consolidation loans. The
weblog also focuses on debit and credit cards, budgeting and saving. In addition to
as becoming a valuable source for information, the website offers practical advice
on small changes consumers can make in their everyday life to make the most of their
financial situation.
As well as providing information on debt solutions like IVAs and debt management,
the authors share their own personal experiences with money, such as problems with
banks and opinions on finance news.“MoneyStand is a financial hub for anyone in the United Kingdom who wants practical
advice on managing finances and debt problems without the jargon.” Matt Spencer
explained. “All articles are written by people with extensive knowledge on personal
finance and all facts are taken from government websites so you can be sure the
information is accurate and up-to-date.”
Since the beginning of the financial crisis, the website has noticed an increased
amount of consumers seeking sensible financial advice in easy to comprehend
terminology. During this time the website has committed to providing consumers the
latest information on topical personal finance issues.
The website will be launching the new series of articles this Friday on helping
people in the United Kingdom avoid overspending during the Festive Season.
For the latest news and advice on IVA, debt and insolvency visit our personal
finance blog, http://www.moneystand.co.uk
Contact Details: Heath Amanda
moneystand@gmail.com
020 7845 9950
http://www.moneystand.co.uk
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