Strategies to overcome the credit crisis in the UK are many and varied but not many debt management solutions are as eco-friendly as growing your own fruit and vegetables to cut back on grocery costs.
According to a report in the Daily Mail, there has been a dramatic increase in the number of people purchasing vegetable seeds and growing their own fruit and veg in their gardens as the effects of the credit crunch continue to have an adverse impact on the debt management capabilities of homeowners and consumers up and down the UK. This surge of green fingered folk can be seen to reflect the spiralling cost of food in supermarkets and many will hope by creating their own vegetables they will be able to get their debt management plans back on an even keel.
Debt Management – The Good Life
In a move that seems to mirror the plot of the 80's sit-com ‘The Good Life', an increasing number of homeowners are choosing to grow their own fruit and veg instead of paying the inflated prices in their local supermarkets. The reasoning behind this move is a desire for their debt management ability to be improved by decreasing monthly outgoings by becoming decidedly more self sufficient. According to the report in the Daily Mail, the cost of everyday household groceries such as potatoes, tomatoes and carrots have risen by 12% in the last year alone and many seek to offset this cost by growing their own produce.
Debt Management – Seeds of Change
Speaking to the Daily Mail, Clare Dixey of seed suppliers, Thompson & Morgan, states, "We have seen a large increase in vegetable seed sales over the past couple of years. Since 2006, our sales have been very strong but they have really gathered momentum over the past 12 months. There is definitely a credit crunch effect going on. People are more conscious of where their food comes from and they would rather have plot-to-pot runner beans than have 10 day old ones shipped over from Kenya. So it is far cheaper and far healthier." Whilst it is obviously not the case that growing your own food will eradicate debt management woes completely; it is certainly a good start. Debt problems are predicted to reach record levels during 2008 and many financial experts will recommend schemes such as an individual voluntary arrangement (IVA) for those who want to tackle their debt issues head on.
Speak to Varden Nuttall About Debt Management
Varden Nuttall has been established for over 15 years and is dedicated to helping people in financial difficulty find a debt management solution through an Individual Voluntary Arrangement (IVA). Employing 90 people, including trained and skilled IVA administrators, we are one of the largest IVA companies in the UK and handle over 3% of all IVA applications. To find out more about the company, or to make an appointment to talk about putting an IVA in place, call us today on 0870 977 8100 or fill in our online enquiry form.