Financial planning will be crucial for households if they are to avoid falling into difficulty in 2012 and beyond, debt charity Consumer Credit Counselling Service (CCCS) has warned. This follows a survey by the Institute of Financial Planning which revealed that one in four Britons (26 percent) are not setting themselves a clear budget to stick to each month. Adding its support to Financial Planning Week (21 to 27 November), CCCS warns that those who do not set themselves a clear budget are more likely to fall into unmanageable debt as high inflation, low wage growth and rising unemployment threaten to make 2012 a difficult year.

CCCS is particularly concerned about the 6.2 million households identified as ‘financially vulnerable’ in its recent Debt and Household Incomes report, and says that....Read more here--> CCR Magazine - One in four ‘urgently’ need a financial plan, warns debt charity