Debt management weekly round-up

The changes to benefits, which have been announced at the Conservative Party conference, could have debt management implications for many.

Gwyneth King from the Mary King charity warns that capping housing benefit will mean that people soon won't be able to afford to live in London without some form of debt help.

And large families may need to find debt solutions too, after Culture Secretary Jeremy Hunt warned families to take financial responsibility if they wanted to have a lot of children.

In other news, people who start using up their savings now will only be able to last until February before they need to get debt advice, according to Scottish Provident's Financial Safety Net report.

They urge people to save as much as possible, but Kevin Still, director of Atlantic Financial Management, warns that "building up some form of safety buffer is often easier said than done".

And according to research by Boots and the Tony Ferguson Weightloss Programme, adults lose over an hour (68 minutes) of sleep each night due to worrying about their debt levels.

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