Debt is a serious problem. It is not just a problem for those unfortunate enough to be struggling with financial difficulties, but for all of us - debt costs society £8.3billion. These costs come in the form of additional health care costs, increased welfare spending, and reduced workplace productivity.
Despite the political rhetoric, if current economic policies continue broadly as they are, the UK economy does not have a bright future. In my view, and that of many others, our economy has at least five big problems. These major challenges will end the current upturn probably shortly after the 2015 general election, no matter who wins.
The feeling of being trapped is a horrible feeling, when pushed into the corner we usually make irrational choices that further worsen the situation and prolong the suffering. If you're feeling trapped, with debts increasing and that light at the end of the tunnel is appearing further away then GET HELP! Remove any pride from your situation and reach out; you'll thank me if you do!
Did you know that compound interest is also chargeable from day one so that students pay interest on the interest? Thought you didn't. Did you know that to stop your student loan spiralling out of control, due to interest, a post graduate salary of £48,000 is needed before you begin to even chip away at the balance.
Companies design for planned obsolescence - so that products breakdown forcing us to buy more and more often. But it was us that created psychological obsolescence. We want the newest, shiniest whatever the second it is available regardless of whether the slightly older, slightly less shiny thing is still working perfectly or is in no way demonstrably inferior.
For years I allowed myself to believe material things were the key to happiness, love, admiration and friendships. I wanted people to respect me, believe in me and see me as the confident and vivacious woman that I truly didn't believe I was. Credit cards were like gifts from heaven as they hit the floor by the letterbox and the more I had in my purse, the better I would feel.
Child poverty is simply unacceptable and is damaging children's lives. Much more is needed to meet the government's commitment to end child poverty by 2020. By taking the actions we are calling for, the government would make a significant start towards achieving this goal and improving the lives of millions of children.