Video transcriptA growing number of people across the UK are facing debt problems as a result of uncertain incomes.
This is the conclusion of new research from the Debt Advisory Centre.
Across the UK, the growing number of people whose income varies from month to month means many can struggle to pay essential bills and other outgoings.
This means that, in many cases, paying down debts is becoming increasingly difficult for this group.
Overall, 11 million Brits have jobs that provide a variable monthly income, with the DAC`s research showing how more than four in ten of this group struggle to pay essential bills, like rent, utilities and council tax.
Meanwhile, just as many are in a position where they are regularly unable to make payments on either credit cards or other outstanding loans.
The study showed that London, Yorkshire, Scotland and the East Midlands are the areas of the UK currently facing the highest percentage of people on variable incomes.
In contrast, Northern Ireland recorded the lowest levels of this group.
Debt expert Melanie Taylor explained that the rise in the flexible workforce can be a positive for both employers and the economy, but it does mean some people are left not knowing how much they will be taking home each month.
With a growing number of people that are either self-employed or on zero-hours contracts, it means budgeting is essential if this group wishes to stave off financial hardship.
She said: `Ideally, people need to put money aside as savings in the good months to tide them over during the leaner times, but this isn`t always possible.`
Ms Taylor added that there are also cases where people are turning to short-term loans to make up any shortfall in their monthly income.
However, this behaviour is often only a short-term fix and simply puts off the problem until a later date.
Debt consolidation could be one avenue that people facing uncertain financial times could turn to; although they should only do so after seeking the advice of a qualified finance professional and studying all the numbers involved. They key is to make sure you can afford any loans or other debts you take on even at the lowest level of incomes you expect to experience.
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