REDUNDANCY: Women Fear Job Losses This Year
By Alison Steed
A SCARILY high one in five couples could not survive beyond four weeks if one of them was to be made redundant, according to research from credit reference company CallCredit.
Fears over redundancy are highest among 25-34 year old women, according to the figures, and with one third of women and a fifth of men concerned that their partner may lose their job this year, there is a chance that many will not survive the stress it puts on their relationship, and break up.
Owen Roberts, head of callcreditcheck.com said: “Arguments over money can cause real problems in a relationship and 2009 is set to be a very difficult year for many couples, especially those faced with the threat of redundancy, along with rising bills and remortgage worries. Our advice to anyone who is struggling with debt repayments, whether single or in a couple is to speak with their lenders before things become unmanageable or contact an independent organisation such as the Consumer Credit Counselling Service to work out the best way forward."
Callcredit's tips to beat the credit crunch
- Set your budget and stick to it. Make sure you can realistically afford what you spend.
- Don't go too mad on payday. Having too much month at the end of your money is never an enjoyable experience!
- If you do go shopping try using cash, it will highlight just how much you're spending.
- Do your homework. Use price comparison sites to make sure you're getting the best deals out there.
- Check your credit report to get a snapshot of all your financial commitments will show you where you can improve your credit rating and save money.
