In the face of volatility in the financial markets and the continued impact of the credit crunch, it is important for motorists to try and take steps in reducing pressures on their spending.

These are the findings of Which? where in its Money Saving Handbook guide it suggested that reducing your speed can result in significant savings for Britons. By going at 50 miles per hour instead of 70 miles per hour, it was pointed out that petrol expenses could be cut by 30 per cent. In addition, the consumer publication advised drivers to ensure they regularly check pressure levels within their tyres. Having tyres which are under-inflated was indicated as adding another eight per cent on to an annual fuel bill and resulting in uneven wear and “premature” car failure. It was stated that this only leads to ‘additional expense’ arising from higer repair bills.

On top of higher than necessary motoring costs, it may be possible that consumers develop furthered difficulties in managing other demands on their spending. Such areas could well include Bad Credit Loans, credit and store cards, utility bills and council tax repayments.

Driving without the air-conditioning or setting it to ‘economy’ can cut the costs, as this can save up to 10% of fuel expense. Changing gear at the right time and using the right gear for the situation can save a staggering 25%. Roof and bike racks should only be used when needed. Fully loaded, these can reduce fuel economy by 30%

Tony Levene, author of Money Saving Handbook, a Which? essential guide, said: “There are some fixed costs involved in driving a car that you have to pay whether you drive 2,000 miles or 20,000 miles a year. But if you can reduce your fuel bill by a couple of pounds each journey by making a few simple changes to the way you drive or use your car, why not? With petrol costs rising and people feeling the pinch, those couple of pounds could make all the difference at the moment.”

For those people concerned about their capacity to manage their finances as 2008 progresses in the face of rising costs taking out a loan may be advisable. By doing so borrowers could find that they are able to meet various demands on their spending and make major purchases effectively. A Secured Loans may be particularly handy when it comes to buying a car|One such area in which a Secured Loans may be particularly recommended to be used is for buying a car[/spin], as it may see consumers be able to purchase the vehicle of their dreams quickly and effectively. The additional assistance from a loan, whether it is a Bad Credit Loans or otherwise, could help drivers to purchase a comprehensive insurance policy. Last month, uSwitch reported that motorists should take their time when selecting their insurance as those who automatically choose the deal offered by their motor manufacturer would pay an extra 26 per cent compared to the most competitive deal on the market.

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