Guiding consumers since 2009

Millions 'dip into savings' during January

By Staff Writer

From Qck.com

14 January 2008

Research by Norwich Union in the UK suggests that the financial pressures of the new year are such that around 40 million Britons will use their savings or some form of credit to pay their bills during January.

Apply for a personal loan today

Furthermore, the company reports that when it comes to personal finances, January is considered the most difficult month of the year by around 43 per cent of the UK population.

Paul Stokes, head of marketing and communications from Norwich Union, commented: "Everyone wants to have fun and enjoy the festive period but a little planning could mean people start the year with a little less financial worry.

"It's not about taking drastic action, even if people just tot up what they spent this year and think about saving a small amount each month from February onwards they'll be in good stead."

Research published by the Post Office last week suggested that an increasing number of UK consumers are becoming reliant on credit cards to fund their everyday living expenses.

Recent Articles

Featured What to do when you’ve been denied a home loan

After months of scanning property sites and attending showhouse after showhouse, you’ve finally found what you’ve been looking for. But your dream of owning a home comes crumbling down when you receive the news that you’ve been denied a home loan. So, what now?

Can your retirement annuity be used as collateral for a loan?

If you have a retirement annuity, you may have wondered whether you can use this as collateral when you take out a loan. We decided to do the leg work and find out whether this is possible or not.

Best travel cards offered by top South African banks

Planning a trip abroad involves a lot of administration. You need to consider travelling arrangements, reasonable accommodation, and a daily itinerary. But have you considered how you’re going to pay your bills once you arrive? Besides considering bank costs, you also need to consider exchange rates.

Best ways to save your money short-term

For many, it seems close to impossible to save when spending on holiday getaways, Christmas gifts, while also trying to ensure there’s money left to survive January. Justmoney takes a look at the best ways you can save during the short term.

Deals

Marble Gift Card Special

Price: From R1000
When: Until 25 December 2019
Where: Johannesburg

Trennerys Hotel and Camping Januworry Special

Price: R950
When: From 10 to 31 January 2020
Where: Centane (Eastern Cape)

Bakwena Standard Packages Special

Price: From R999
When: Until 31 December 2019
Where: Nationwide