How to ease the credit squeeze
'Credit crunch'. Two words that are striking fear into the heart of homeowners and hardened 'shoppers' everywhere. This year has already seen the price of staples such as eggs, milk and cheese rise by over 15%, and high street stores have been forced to start sales early to get shoppers through the door.
Utility bills such as gas and electric are also rising along with the price of oil. A recent Virgin Money study into fuel prices showed that in some areas petrol prices had exceeded 111.90p a litre. And at those Premiership prices it won't be long before the only people on the road will be Rio Ferdinand and pals in their Aston Martins and Ferraris!
As everyday items get more expensive it is getting harder to hit the high street and splash the cash. You can ease the pressure by looking out for bargains, shopping in the sales and honing your haggling skills. Using your credit card effectively can also help manage your debt and save when spending by using long term 0% balance transfer and purchase deals as well as getting a card with discounts on spending on the high street.
Check out the gallery above to see how you can ease the squeeze on your wallet and make the money you have go as far as it can.
- 0% balance transfer credit cards
- Consumer tips for the credit crunch
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