Richard Brown, Chief Executive of Moneynet.co.uk said “many people underestimate amount of life cover they need, with result that their dependents are left to pick up pieces if worst happens. Our life insurance guide is designed to help our users understand what they should be looking for and to help them select right policy. Once they have done that, our comparison service can search market to find right policy at cheapest price.”

There are currently four guides available on moneynet.co.uk website, covering life insurance, credit cards, mortgages and loans. These are set to complement core financial comparison services available on Moneynet. Further guides are due to be published later this year.

Many people find they are spending more than they bring in. It's difficult to increase your net worth in order to meet your financial goals, if you are constantly falling behind on income front.

Most causes of overspending can be resolved through use of a budget. By setting up an annual budget can help you prioritize and limit your expenses and in same time uncover ways to free up more money to use for savings and investments.

Above all, remember that arriving at a workable financial strategy is a negotiation process. It's very healthy to admit who you are when it comes to money! Too often people try to give up who they are and it backfires.

You need to know what you can't give up, as well as what you wouldn't mind giving up.