- Plan your budget and stick to it
- Spend only what you can afford
- Check if you have the best interest rate
The Dispatch looked at some of these figures and quoted an economist saying that a cut in the interest rate would help bring spending up to its more usual levels. Apparently 'A tighter credit environment, job losses and consumer debt have weighed down on spending patterns'.
Fin24 also looked at how the downturn is affecting our everyday lives as we spend less, eat less and splash out less. Searching around for the best deal has become the new way to shop and the article noted that we are being much more price sensitive and buying many more store brands than before. We are also going to the shops more often but we aren't getting the cash out as readily as this time last year.