The rate of inflation on products purchased by children has risen by 68% during the last three years, with many children now not able to afford treats and trips.

Many of the most popular items for kids to buy are sweets as well as chocolate, which have gone up in price by 24%. Children’s clothing have also increased by 17.4%.

A lot of families are affected by money worries and debt so they can no longer manage to give their kids pocket money. With the cost of living growing and also no real rise incomes, a few families are discovering that their own wages just simply don’t go as far as they used to.

This means that some families are struggling with debt problems as they’re making use of payday loans as a means of surviving each month. This means that you may end up in a cycle of debt in the event you let it build-up, so if you’re worried about how much you owe, you should get help sooner rather than later.

From an IVA to a debt management plan to insolvency, there are options available to suit everyone so don’t suffer in silence – get help with your financial problems today.