Easy Debt Management

A survey by children`s charity Save the Children suggests that the majority of parents in households earning less than 30,000 per year are going to `struggle to manage this winter`, the BBC reports. More than half (52%) of the 1,006 parents questioned said they would turn to high-interest debt to cover their costs over the winter months. The research found that 27% of families on low incomes said that this winter, they would have to take on debt to cover the cost of fuel bills, 22% said they would have to take on debt to pay for warm winter clothing, while 21% said they would have to borrow to pay for `other essentials including food`. The majority expect to take on up to 500 of debt to cover their costs this winter, and believe it will take them more than 12 months to repay it. 32% of the families surveyed said that their greatest worry was that they would struggle when it comes to paying back their debt, while 26% worried that they would be pushed further into debt. Full article…