Debt. It is a bane of adult lives, something that many of us have to deal with in our lives, and most definitely something that can’t be ignored, it wont simply go away if you ignore it. This is, unfortunately, something that many adults do, tucking letters and final demands in the draw hoping they will somehow disappear, ignoring the problem until the bailiffs come knocking at the door. And, if you think this sounds melodramatic, you only need to watch programmes like ‘Can’t Pay, We’ll Take It Away’ to know this is a sad but true fact.
If you are struggling with your finances, you may need to seek professional help from a company like carringtondean.com who can help you to really understand your debt (you need to understand your debt to have chance of sorting it). They will look at your outstanding debts and see if any can be written off completely, something that really needs to be considered if you are unable to pay. Writing off some of your debts can mean that the remaining payments become lower, and therefore more manageable and affordable.
Once you have made your debt manageable and you are starting to make your repayments, you need to ensure that you never get into this situation again. A clear idea of your incomings and outgoings is important in order to understand how much you exactly have to play with each month. Once you know this, you need to look at budgeting your spend down to the last penny.
The truth is that many of us could make savings when it comes to our shopping, our bills and our lifestyles. Switching to a budget supermarket really does make a difference in terms of your spend. I love Sainsbury’s but do get sidetracked by the clothes, the books and all the other things they sell, something that tends not to happen when I go to Lidl. I can literally half my spend when I opt for a budget supermarket and still have enough food for the week.
Shop around when it comes to your bills. Use price comparison sites to get the best deals on your gas, electric and telephone tariffs, and make sure you swap regularly in order to ensure you are always getting the best deal.
Even your lifestyle choices can be made cheaper with a little savvy. Meerkat Movies and Meals can get you two for one on certain days, whilst booking online can also help you to make savings and get the best price. Always look for a discount code before doing any form of online shopping, and if you shop in store, make sure they are matching the online price.