Once you are in debt it is very easy to sink further if you are not aware of where your money is going each week. Alvin Hall highlights a few potential money wasters for you to be aware of. There are many gourmet pet foods on the market today and it's tempting to give your pet the best.
Experts recommend dried food as a healthier and cheaper alternative to canned meat.
Diet foods may help your waistline but won t benefit your purse strings. Offers of long repayment periods, deferment and sometimes interest-free credit can be very tempting, but beware, don't overstretch your budget. A handful of seemingly low monthly repayments can add up to a hefty percentage of your wages, leaving little room for everyday living expenses. Payment protection schemes can offer some consolation but only if you fulfil all the criteria. Many finance companies offer interest-free incentives for a set period of time, but once this time is up, very high interest is added to the account, often from the day you purchased the goods.