MANCHESTER, England, May 18 /PRNewswire/ -- Debt advice experts at MoneySolve have called upon more adults in the UK to start budgeting! The call comes after Credit Actions statistics revealed that only 26% of adults in the UK have a budget they regularly follow.
MoneySolve experts believe that budgeting is a great way to reduce the possibility of falling into debt, commenting that:
"Money management starts simply with knowing how much you have and how much you will spend. Even if you think you have a good idea of your finances, it's not until you write it down and get it in front of you on paper that you know for sure how much disposable income you have. It's all too easy to overspend when you don't really know exactly what's due out of your account and when and how much money you have to spend on yourself."
MoneySolve's advisors believe that budgeting, however, is just the start.
"Of course, knowing your finances inside out doesn't guarantee that you'll stay in control of them. As a society we've become a little too comfortable with spending on credit, making it way too easy to spend money we don't even have. As part of your budgeting, you should set yourself a maximum personal spend limit -- and of course, stick to it!"
For free and confidential debt advice, you can visit MoneySolve.co.uk or call 0800 040 7064.
SOURCE MoneySolve
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