Trying To Handle Our Debt Is Not Made easier By The Latest Increase From The Main Energy Firms.
So here we go again, yet another company claiming an increase of proceeds. A recent announcement has British Gas claiming a 58% increase in revenue despite the fact that prices remain on the high side for the consumer.
This means that due to the recent arctic weather together with the swollen prices many of us are struggling to pay. Not only does this not help in our battle to get our head above water with daily living expenses, but it might also mean that we have all the more concern paying that bothersome debt we carry around like a noose around our neck.
Whether its bank loans, Credit Card Debt, paying for the family car, we struggle at the best of times to retain a decent level of Debt Management. We certainly do not need our crucial household costs to be inflated when there is no need for them to be.
A lot of of us have used Debt Consolidation in an endeavor to lessen the burden and although this is a very useful alternative, we really can do with a helping hand from the government to make certain we can do what they want us to – repay our debt.
According to this recent statement, there are more than six million UK homes living in fuel poverty. In this day and age this has to be undesirable. It also tells us that even though British Gas cutting its prices over the last 7 months their increased profit margin indicates that there is not much competitive pressure in the market.
How can we turn this around? Well, until energy firms choose to be a bit kinder or are forced to be fairer then all we can do is be as resourceful as achievable in dealing with our own individual money and practicing good Debt Management for those charges we have run up.
The real stinger is the Credit Card Debt. It is too effortless to spend assuring ourselves that we will pay it off when the invoice comes through. By the time that the invoice lands on our door mat some added trouble has to be paid for and we find ourselves putting off paying the credit card invoice. After all we have a lot of time to pay it off haven’t we? But then yet a further temptation or emergency comes along and we yet once more have to use that little plastic friend to pay for it. We have good intentions to pay it off but oh, we’ve forgotten there is already X amount on the card. Whoops! Before we discern it we’ve gone from
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Tags: credit card debt, credit wipe, debt advice, debt consolidation, debt management
