Financial ignorance is no defence
Four out of five people overspend. That’s the depressing news from credit reference agency Experian.
Lack of financial control combined with a run of interest rate rises means millions are struggling to keep their heads above water.
Around one in five Britons admit they have trouble controlling their spending and say they find financial matters hard to understand.
At least the admit they’ve got a problem.
Presumably, the other three out of five think they�re doing fine, or if they’re not, that it’s all someone else’s fault. But they’re wrong.
Your finances are your responsibility.
If you don’t understand enough about how the personal finance world works to control them properly, you need to learn - and fast.
It’s not as if it’s difficult to track down reliable information.
Independent websites such as the Citizens� Advice Bureau’s Advice Guide, the Financial Services Authority’s Money Made Clear and MoneySorter are packed with straightforward, easy-to-follow explanations and tips.
So start reading today.
