More people are using their credit cards for day-to-day spending, research has shown.

More than a third of all Britons did not have a sufficient current account balance to meet their living costs in the first month of 2011, if new figures regarding credit card usage throughout January are anything to go by.

In news which may be of note to those with Post Office credit cards, the financier yesterday (January 31st 2011) revealed that more than a third - 34 per cent - of all Britons were reliant on credit to fund their day-to-day expenditure last month.

This equates to a total of more than 11.5 million people, while the study also established that in excess of 2.4 million members of the population are planning to spend more on their plastic over 2011, with17 per cent indicating that this increase will be by up to £200 extra every month.

In related news, Mark Bower, managing director of Money Maxim, stated recently that monetary pressure on UK households will not decrease in the new year.

Meanwhile, tudents have been offered advice on credit.

Students considering the possibility of taking the time to compare savings on personal finance options such as credit cards due to the low amount of cash in their current account may wish to take note of some expert advice.

This is because yesterday (January 25th 2011), the National Union of Students and charity Credit Action teamed up to produce the Credit Crunching -a student guide to credit handbook, which is aimed at providing impartial advice to scholars on how they can spend money wisely while at university.

It is estimated that the average student now graduates with around £23,000 worth of debt attached to them, meaning that being well-informed about personal finance options could be essential to help people make sound monetary decisions.

Joanna Parsley, associate director of Credit Action, commented: "With the future of student finance in the spotlight it is essential for students and graduates to both understand credit and use it wisely."

Meanwhile, having sufficient home insurance cover may also be vital for students due to the fact that areas where scholars live are often targeted by thieves.

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