Second Jobs and Medical Science Volunteering as Belts Are Tightened; PERSONAL FINANCE

Article excerpt

Nearly nine out of 10 people are taking steps to try to offset the rising cost of living, a survey showed this week.

About 86 per cent of people said they made changes to save money, ranging from not using their car and eating out less, to taking on second jobs, according to high street bank Abbey.

Eight out of 10 said they were cutting back on non-essential spending, with half buying fewer CDs, DVDs and clothes, 37 per cent eating out less, 29 per cent using their car less and 21 per cent taking a packed lunch to work.

A further 12 per cent of people said they planned to take on an extra job to raise additional funds, and 30 per cent plan to sell some of their possessions.

Others are taking more drastic action, with four per cent planning to be volunteers for medical research, while three per cent are considering selling their car due to rising fuel prices and the same proportion plan to pawn some of their belongings. …