Defaqto are offering consumers money management advice in the hope that it will prevent people from slipping into debt problems during the credit crunch.
The group admit that there isn't a lot of new ideas in the report but stand by the fact that getting the fundamentals right, such as preparing a budget and restricting non-essential spending are crucial.
Defaqto also advise that consumers save money wherever possible, even if they can only afford to put aside a tiny amount of money each month.