Asda Money reveals that Brits have been putting major life decisions on hold in an effort to keep their finances on track.
Research has shown that in the last year, 27%(1) of consumers have delayed a decision about taking an overseas break, while almost one in five (19%) are also putting off making a new car purchase.
Further figures show that 17% of those surveyed have delayed making a decision about moving jobs, while 14% have decided to re-think whether they can afford to move home.
7% have also put off plans to get on the first rung of the property ladder, while 9% have put the breaks on plans to start their own business or become self-employed.
With 63% of consumers expecting their financial difficulties to continue over the next year, Asda Money looks at how Brits can get their life goals back on track.
Make savings where you can
If the cost of a new car is beyond your budget, then why not opt for a second-hand car or join a car sharing scheme, where you simply pick up a car when you need one and pay for the time you use it. As an added bonus car sharing fees normally including fuel and car insurance.
Regularly reviewing your financial products can also stand to make you savings. You can do this by comparing best buy tables online to find the best deals on credit cards, mortgage, life insurance, home insurance and other financial products.
Take advantage of government grants and schemes
The government has launched a number of schemes designed to help people to buy their own home, including the recently launched Help to Buy scheme and New Buy scheme, both of which allow buyers to snap up a new build property with a 5% deposit.
Those who are looking for start-up funds for their new business can apply for grants from a number of sources including the European Regional Development Fund and the Princes Trust.
Notes to Editors
About Asda Money Credit Card
· 1 % cashback on Asda shopping
· 1% cashback at Asda filling stations
· 0.5% cashback at all other shops
· 0% balance transfers for 12 months*
Standard Purchases: 14.9% p.a. variable.
Representative APR: 14.9% variable.
Total amount of credit: £1200.
This is for illustrative purposes only and actual total amount of credit may differ.
*Balance Transfer Terms and Conditions: Balance Transfer fee of 2.9% (minimum fee £3 per transaction) will be charged in respect of each Balance Transfer. Subject to account status. Account Terms and Conditions apply. You can Balance Transfer up to 80% of the available credit limit within the first 90 days of account opening. Balance Transfers from existing storecard accounts and loans issued by Creation Financial Services Ltd or Creation Consumer Finance Ltd and credit card accounts issued by Sygma Bank UK are not permitted. Minimum value for Balance Transfer is £50. At the end of the promotional period you will be charged the Standard Rates of Interest in accordance to your Account.
Asda Money is a trading name of Asda Financial Services Limited. Asda Financial Services Limited uses a selection of companies to provide its products and services. Please refer to www.ASDA.com/money for details of our product partners and the relevant terms and conditions for each of our products and services.
Subject to status. Applicants must be aged 18 or over and UK resident (including Isle of Man and Channel Islands). The Asda Money Credit Card is issued by Sygma Bank UK, a Creation Group company, Chadwick House, Blenheim Court, Solihull B91 2AA.
- Contact Name:
- Katie Hayward / Rebecca Annable / Rozie Green
- Asda Money t/a Asda Financial Services Limited
- Contact Email:
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- Contact Phone:
- 0207 294 3631 / 0207 5669731 / 0207 566 9724
- Company Website: