The vast increase in the cost of living which is being both subtly ( via the local council and the treasury) and unsubtly ( prices on everything from fuel to condoms on the up) passed on to the working classes - by that I mean those who work - is starting to have an huge impact on society here in the UK.

The dangerous trend of late has been to build up large debts, with the average salaried worker in the UK having to pay some 60% of their wage packet out on debts, council tax and mortgage payments.

Increases in interest rates, house price falls and the actions of the lenders to mitigate their potential losses in the face of recession by withdrawing credit are all conspiring to cause great problems to many people.

Is there a solution one must ask oneself in the face of such outrageous fortune?

Well, just make sure that you are not overstretching yourself, that is all. Try to be a bit frugal and more than anything else try to reduce your obligations. Seek out the very best rates on all your borrowing. Remortage or look to go interest only for the near future and try to pay off your cards, then tear up the evil temptors that they are.

But, above all else. Enjoy yourself, its later than you think.