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As the festive season approaches, the struggles that everyday people go through have been highlighted.

As Christmas draws in, every day people’s struggles have been highlighted.

Head of personal finance, David Kuo from money website Fool, believes that large numbers of people across the country that are simply living “from hand to mouth” will struggle to put any money aside in time for Christmas.

The continuing squeeze on finances being caused as a result of the credit crunch is behind such difficulty in the run-up to Christmas, Mr Kuo said, arguing that this increased expenditure on everyday household bills has stopped people from saving any of their hard earned cash for Christmas.

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When you first turn 18 it is important that you start your credit. All you need to do first is make sure you have a source of income. You don’t have to make a certain amount of money or anything like that. You just need to have some way to prove that you make money. A bank isn’t going to give you a credit card if you don’t have a job to pay your minimum payments with. So if you are in school the ideal thing to do is get a small part time job working at least 10 hours a week. If you plan on not having a steady income you will not want to revolve your balances on your credit cards.

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How nice is the idea of replacing the huge packs of cash with a small, cute looking plastic card! It remains there in the corner of your purse or wallet and works as a mobile cash counter, where from you get money whenever you need. Neither is there any hassle of carrying the big bundles of money, nor is there any risk of losing them in the hands of snatchers or robbers.

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Many business owners end up passing on discounts to their customers without intending to. Are you guilty of any of these profit-reducing practices?

1. Forgetting to explain your terms of business before starting work

If you do not explain your terms from the outset you leave yourself open to misunderstandings. If your terms of business are payment within 7 days then it is better to find out before you start that the client has no intention of doing that — especially if you need the cash flow and you have not made provision for the extra interest you will have to pay on your bank loans, or worse.

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Getting a green credit card is the “in” thing these days, especially for the pro-green people and the environmental advocates. E-Commerce websites are now stuffed with products that are eco-friendly and to make purchasing of these items easier, a green credit card must be used. But what are green credit cards? Do they really mean it when they say they are pros in conserving Mother Nature? Is it really worth the cost?

It is actually no different than a usual credit card. No, it does not always have something to do with the color green, although they do have a hue of green on their design. It supports the international community in preserving nature, decreasing carbon emissions and helping promote environmental awareness.

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The burgeoning debt levels in UK society are a frequent topic of debate in the media, and with good reason: in August 2007, the debt charity Credit Action estimated that total UK personal debt stood at £1,345 billion - a 10.2 per cent increase on the previous twelve months. Additionally, average consumer borrowing on credit cards, motor and retail finance deals, overdrafts and unsecured personal loans had risen to a staggering £4,550 per UK adult in June 2007. But what exactly can be done to curb this growing problem of debt in Britain?

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