Consumers warned to watch their spending

LAVISH spenders have been advised to keep their hands in their pockets this year as a survey shows a quarter of people have experienced a drop in income in recent months.

The Financial Regulator warned consumers to stick within their limits when it came to day-to-day spending and avoid living beyond their means.

“Try not to use credit to fund a lifestyle that you cannot afford,” said consumer director Mary O’Dea.