When it comes to managing finances, the first step Britons should be taking is putting pen to paper, one sector commentator has claimed.
Carl Kroger, sales and marketing director from the Relax Group, said that careful debt management could help people to tackle their monetary problems.
He advised that Britons record everything that goes out of their accounts each month, including bills, direct debits, mortgage payments, rent and overdraft charges.
"If the debt isn't too large and is easily managed, begin by cutting down on luxuries and non-essential purchases," Mr Kroger explained.
He added that debt management advice could establish a plan that sorts all debt issues into one programme, personal to the individual's specific needs.
However, Britons may also find that debt consolidation could help them with their financial concerns.
More than one in eight people have sought advice on how to get their debts under control as financial pressure on keeping up with repayments builds, new research from MoneyExpert.com recently revealed.
Debt Consolidation:- JST Financial, Debt Consolidation, Debt Management and Consolidation Loan Specialists