Consumers are aiming to lower their outgoings in a number of ways, new figures suggest, as a result of the nation's current financial problems, which may include those who are looking to overcome
bad credit ratings.
As many as 29 per cent of the people polled in a recent AA/Populus survey are adapting to the economic climate by reducing their car usage and making other related savings.
Meanwhile, 28 per cent are aiming to bolster their finances by choosing to avoid eating out.
Discussing the results of the poll, the
AA Financial Services director Mark Huggins commented: "It's not just cutting back on motoring spend, which accounts for perhaps the biggest chunk of most families' domestic budget - this caution is extending into all areas of life."
He added that many families appear to be focused on saving at the moment.
The cautious spending approach that the public appears to be adopting was also recently highlighted by professor Joshua Bamfield, director of the Centre for Retail Research.
Posted by Gemma Walker.
