I was alarmed to see that the cost of using our automobiles has gone up again as an effect of almost record high petrol prices.

The motoring body AA is envisaging that petrol may well hit a record average of 120p a litre in the subsequent few days. The average price of unleaded petrol is at present 117.93p a litre. Diesel is on average 118.51p, as outlined by figures from industry experts Catalist.

It appears we are now a nation that is being held to ransom to pay for these charges regardless of the mounting burden of Debt Management. Quite a few are paying for fuel using their credit cards and therefore hoping that they could ignore the problem. The problem is driven home much more when the credit card could have been used a few moments earlier at the check out to buy the household shopping from the local supermarket.

Sadly many people have gotten themselves into a state where they need to administer some Debt Consolidation as a result of their crucial spending on their plastic pal. They could take advantage of ever-increasing credit limits or borrowing money on their mortgage. At the same time these are still spending money on high fuel prices.

It could appear also that quite a few people who have encountered money troubles nevertheless need to rely on their automobiles to get to work or take the children to school. Many of these folks are walking a fiscal tightrope, possibly paying money into a Debt Management plan, or something similar. The mounting cost of fuel means they have to make yet another sacrifice to pay for it.

The latest figures point out that the level of personal debt is still mounting. Lots have had to go a stage further to sort out their money troubles by entering a kind of liquidation like an IVA or a Trust Deed. Whilst this manages to ‘ring fence’ to their leaking finances, they still want to be able to put petrol into their automobiles.

These sorts of arrangements with their creditors give a return of the money owed. For Scotland these are know as a Trust Deed, whilst in England they are called an IVA’s. The latter being a five year plan.

It really is a miserable reality that the cost of fuel could possibly be adding to this debt problem. In quite a few western countries walking to the shops is seen as a punishment. If we walked more the effect might be better for everybody. We’ll save money by not paying for parking and the impact will be positive for the environment.

One person some time ago commented that he drove past a friend in his car and had to turn round to go back and offer him a lift. When he pulled alongside him and offered the lift the friend kindly refused for the reason that he had decided to go for a walk instead!

It is a powerful lesson, but not being able to afford to use our vehicles because the price of fuel may work out for the better. We should become less stressed and possibly put traffic wardens out of business. We should also not need to carry out any Debt Consolidation for the reason that we have not used our credit cards to pay for it!

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