Friday 25th January 2008
There are "better deals to be had" despite the conditions in the financial markets, an expert asserts.
Columnist and former City financial analyst Cesarina Holm-Kander explains that Britons should not necessarily await an interest rate reduction.
Instead, she suggests they should be "proactive" in seeking a better deal on any financial product currently causing them problems.
"A lot of people are scared about personal finance and theres absolutely no reason to be," she observes.
"The average family is wasting about £5,000 a year," she adds.
Ms Holm-Kander argues that, while many people expect further interest rate cuts from the Bank of England, these may not be forthcoming.
She suggests instead that the Bank will be "struggling" under the task of balancing Britons financial health with maintaining the rate of inflation.
But for consumers who "get smart, get savvy" and "get informed", she says there are financial benefits to be derived from examining the products available in the market.
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