‘Spend Carefully over Christmas’,Personal Finance Website Warns

Personal finance website MoneyStand.co.ukwill launch a new series on seasonal spendingfrom this Friday to advise consumers onbudgeting and spending less over the festiveseason.

(PRWEB) November 24, 2009 -- During tougheconomic times with rising levels of personalinsolvency, one UK website is offering consumersreliable, factual and helpful money advice. Personal finance weblog MoneyStand.co.uk has beenproviding information and opinions on personalfinance since January 2008. The blog was created forUK consumers facing common financial issueswanting honest, up front information with no hidden

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agendas. The website will be launching a series ofarticles on seasonal spending this Friday to helpconsumers spend less over the festive season and startsensible budgeting. According to a report released by government bodyThe Insolvency Service at the start of November,personal insolvencies have risen by 28.8 percent in thepast year. This figure consisted of consumers who hadopted for bankruptcy, IVA or a Debt Relief Order toovercome their debt problems. Although the increasein individuals seeking personal insolvencies may beattributed to a rise in unemployment,MoneyStand.co.uk estimates that this figure willcontinue to rise during 2010 following excessivespending over the festive season. Founder Matt Spencer said, “Along with Christmasand seasonal celebrations comes a heavy expense.

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Thousands of families across the United Kingdom willfind themselves with obscene credit card bills duringJanuary and face the difficult question of how to pay itback and get out of debt.” “We have seen a massive increase of personalinsolvencies since the economic downturn andestimate the further financial pressure that Christmasbrings will be the ‘final straw’ for many people alreadystruggling with debt without careful budgeting. Weurge consumers to spend carefully over the holidayseason.” MoneyStand.co.uk is a resource for anyone in theUnited Kingdom wanting to learn more about debtsolutions such as IVA (Individual VoluntaryArrangements), bankruptcy, debt relief orders, debtmanagement plans and consolidation loans. Theweblog also focuses on debit and credit cards,

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budgeting and saving. In addition to as becoming avaluable source for information, the website offerspractical advice on small changes consumers can makein their everyday life to make the most of theirfinancial situation. As well as providing information on debt solutionslike IVAs and debt management, the authors sharetheir own personal experiences with money, such asproblems with banks and opinions on finance news.“MoneyStand is a financial hub for anyone in theUnited Kingdom who wants practical advice onmanaging finances and debt problems without thejargon.” Matt Spencer explained. “All articles arewritten by people with extensive knowledge onpersonal finance and all facts are taken fromgovernment websites so you can be sure theinformation is accurate and up-to-date.”

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Since the beginning of the financial crisis, the websitehas noticed an increased amount of consumers seekingsensible financial advice in easy to comprehendterminology. During this time the website hascommitted to providing consumers the latestinformation on topical personal finance issues. The website will be launching the new series ofarticles this Friday on helping people in the UnitedKingdom avoid overspending during the FestiveSeason. For the latest news and advice on IVA, debt andinsolvency visit our personal finance blog, http://www.moneystand.co.uk. ###

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Contact Information Amanda Heath http://www.moneystand.co.uk 02078459950

Online Web 2.0 VersionYou can read the online version of this press release here.

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