He lives in a fantastic flat in Bristol which has just come on the market with all the latest mod cons. He graduated from university a few years ago and now works for a large media company. His social life is buzzing with a large circle of friends, although he's struggling to pay his bills each month and relying on his credit cards to get by. His girlfriend wants to go on holiday and he'll love to get away but he's not sure how he's going to afford next month's rent payment let alone a plane ticket!

This is a trap many people fall into. Living within your means can be a tough lesson to learn and this is regularly reflected in the news, when almost daily reports focus on mounting debt, largely with credit cards. A staggering £53.5bn was owned on credit cards alone in the UK in July 2007*.

Mike's problem is he is not sure how to budget or where to start? He needs to understand how to reduce his existing credit card and loan debts and minimise the interest he is being charged on payments

In order to do this, Mike needs professional financial help. This can be easily obtained the Your Money Matters show. By attending the free seminars and taking advice from specialise companies and government bodies, Mike will be able to take control of his finances and who knows, maybe even begin saving for that holiday!