Britons should put in place a monthly spending plan to ensure they do not worsen their financial situation, it has been claimed.

James Falla, director of Thomas Charles, notes that by comparing income and outgoings, consumers can determine how much they have left over.

The remainder could be used to service any existing debts - with debt consolidation loans a possible means of reducing monthly repayments.

"In terms of trying to avoid getting into debt, the first thing to do is to understand your budget," Mr Falla explains.

"Look at your monthly money coming in and your expenses going out and then work out what you have available after that for your Christmas spending," he advises.

His comments could be especially important as recent research from Thompson found that Britons are planning to spend more this year than they did in the 2006 festive season.

For those who find their monthly fees have become unsustainable, debt consolidation loans could provide some financial breathing space.ADNFCR-1287-ID-18354832-ADNFCR

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