Recent data published by the Financial Conduct Authority (FCA) suggests that 7.8 million people across the UK are finding it increasingly more challenging to keep up with their household bills, a rise of around 2.5 million since 2020. The research shows that one in four UK adults are in financial difficulty or believe they could quickly find themselves in difficulty if an unexpected cash emergency popped up.
The start of a new year is a chance for many people to make some changes in their life. For some this may be to change their diet or to take up a new hobby, but it can also be a great time to take a look at your finances.
Personal finance expert Holly Andrews, Managing Director at finance broker KIS Finance, shares simple steps everyone can take to get their finances sorted within the first few months of 2023.
