Debt Solutions

First of all you can get help to your problem, but you need to have an idea of how much you truly owe, what you need to spend each month and what your incoming amount available is. This knowledge gives you a true figure of the problem.

Create a list off all your monthly outgoings. If it easier to do this a weekly or other time basis, do so, it's up to you. Here are some of the basics to include:

* Council Tax
* Childcare Costs
* Bills - electricity, gas, water, telephone, television
* Petrol/Transport costs
* Food
* Spends at work
* Cigarettes
* Loan payments
* Credit Card Payments
* Store Card Payments
* Catalogue repayments

Also make a note of your incomings for the same time period, like so:

* Salary
* Secondary Incomings
* Pension
* Interest Payments

One easy way to do this is to use our online budget calculator - free to use and a handy tool to get you started.

For more information about your own personal budget and how to go about creating one specific to your needs, please click here for our budget information page.

This should give you an idea of how much money is flowing out of your household, and how much money is coming into it. It may also be useful to total up all of the outstanding debts that you have, make a list of all of the companies that you owe and the figures that you owe them, and start to keep a record of your repayments.

If you have lots of different amounts going to lots of differebt companies it may be possible to consolidate your debts into one monthly repayment, or to transfer the balance of some existing credit cards to some interest free credit card options.

Please visit our sources of free debt help for the address of a Newsletter that you can sign up to that will keep you informed of all sorts of financial offers which may help to reduce your spending habits.