Risk losing your home

Is spending above your means a sensible way of lie? Lot's of people enjoy lavish lifestyles on behalf of their banks, but it can't go on forever. In my opinion the risks outweigh the benefits, especially when you take out a loan against your home and risk losing the roof over your head.

The end of the debt era?

Consumer spending in the UK could be over as far as credit is concerned, with Brits being nearly £1.5 trillion in the red.

Consumer must face up to the banks and not continue spending with their heads buried in the sand, with debt charities seeing a surge of people spiraling past the point of no return and ending up in a state of bankruptcy.

Consumers are stuggling with the ever increasing costs of staples like food and fuel, but for many people do they really need expensive gym membership, sky subscriptions and a flash new car? It is these types of things which many people feel they shouldn't have to sacrifice, but I'm sure their bank manager would disagree.