Lit­tle steps could help peo­ple take quicker strides to­wards their fi­nan­cial goals, re­ports

Vicky Shaw Eight signs that a friend or fam­ily mem­ber could be in fi­nan­cial trou­ble

Kent Messenger Maidstone - West Kent Property - - BEAUTIFULHOMES -

Some 518 card pay­ments were made ev­ery sec­ond last year by card­hold­ers in the UK and trav­el­ling over­seas, ac­cord­ing to UK Cards As­so­ci­a­tion fig­ures. As many as one in six adults across the UK are in dan­ger of fall­ing into a debt cri­sis, ac­cord­ing to re­search from the in­de­pen­dent Money Ad­vice Ser­vice (MAS).

The ser­vice is urg­ing peo­ple to look out for the fol­low­ing signs that some­one close to them might have debt prob­lems - so they can re­ceive help be­fore the prob­lems worsen. They have been in debt in the past. They have had a re­cent life event that has re­sulted in a loss of in­come or higher spend­ing: for ex­am­ple, hav­ing a baby, be­ing made re­dun­dant, ill­ness, di­vorce or a death in the fam­ily. They are liv­ing beyond their means or over­spend­ing; they al­ways seem to have the lat­est must-have items although they don’t have the match­ing in­come. They seem anx­ious, with­drawn or de­pressed. They so­cialise less and avoid friends. They may seem more se­cre­tive, hid­ing is­sues and avoid­ing talk­ing about finances. They have changed their spend­ing habits, either re­duc­ing spend­ing (for ex­am­ple, go­ing on fewer hol­i­days or eat­ing out less) or over­spend­ing (spend­ing with­out a plan for re­pay­ment, such as putting lux­ury items they don’t re­ally need on credit). They seem tired or are hav­ing trou­ble sleep­ing. Their weight has changed sud­denly, either in­creas­ing or de­creas­ing.

Pic­ture: PA Photo/think­stock­pho­tos

One in six adults are in dan­ger of fall­ing into a debt cri­sis

Pic­ture: PA Photo/think­stock­pho­tos

Peo­ple have var­ied am­bi­tions – for many cou­ples these in­clude tak­ing mem­o­rable trips away

Fi­nan­cial fact:

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