Debt: Resolution time! Grab a pair of scissors and start to sort out your finances

Debt: Resolution time! Grab a pair of scissors and start to sort out your financesFor many people the New Year is the perfect time to make resolutions. The same old favourites such as losing weight, drinking less, taking more exercise come around each year; but it’s just as important to keep your finances healthy as it is your body. After an expensive Christmas, paying debt off is the first place to start for many people who want to get their finances in shape. But which debt should you pay off first and why? ...

Retirement: 20% of people retire owing money

PrudentialShocking new figures have revealed that around 20% of people are retiring, despite the fact they are still in debt. The figures from the Prudential show that 1 in 5 retirees still have personal loans, credit cards or mortgages outstanding when they finish work, with the average debt totalling £31,200. As shocking as these figures might be, they are actually a slight improvement on last year, when the average amount of debt, for people retiring whilst still owing money, was £38,200. Retiring with debt Experts believe there ...