With the current economic climate, the rise in fuel prices and the continued impact of the credit crunch, it is important that motorists take steps to reduce pressure on their finances.

Such is the claim of Which? where in its Money Saving Handbook guide it suggested that driving at slower speeds 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. This, it was stated, could lead to "extra expense" following on from higher repair bills.

Following on from higher than necessary motoring costs, it may be possible that consumers develop further 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.

Meanwhile, switching off air-conditioning was put forward as another way in which costs may be cut. By keeping such a system on constantly, it was purported that up to ten per cent could be added on top of fuel expenses. In addition, changing gears at the right time was also recommended. By doing this efficiently - not driving a motor vehicle in too low or too high a gear - petrol bills could be reduced by a quarter. Furthermore, Which? reported that roof and bike racks should only be used when essential. By constantly having a fully-loaded rack, some 30 per cent could be added on top of petrol costs.

"There are some costs involved in driving a car that have to be paid whether you drive two thousand miles or twenty thousand miles a year. However if you can save on your fuel bill by a couple of pounds each journey by making a few easy changes to the way you drive or use your car, why not? Especially ith petrol costs rising and people feeling the pinch, those couple of pounds could make all the difference at the moment." According to Tony Levene, author of Money Saving Handbook, a Which? essential guide.

As 2008 progresses those who are worried about their financial situation, as costs continue to increase, may find that taking out a loan may be off assistance. With the extra cash a loan brings, borrowers are more able to meet various demands on their spending and make major purchases more easily. One area in which a loan may be particularly recommended is for buying a car, as it may see consumers are more able to purchase the car of their dreams quickly and easily. The additional assistance from a loan, whether it is a personal loan or otherwise, could help drivers to buy a fully comprehensive insurance policy. Only last month, uSwitch reported that motorists should take the utmost care when selecting their car insurance as those who automatically choose the deal offered by their motor manufacturer could pay as much as an extra 26 per cent compared to the most competitive deal on the market.