Black Friday has zoomed by and Cyber Monday has squeezed the last out of your bank account.
Your credit card seems to be nearing it's limit and you keep paying your loans back but they seem never ending. Do you feel nervous looking at your account? Have you started worrying about money?
Maybe it's time you broke up with your debt.
Let's get started.
- Get a coffee. Get a pen and bit of paper.
- Write down your debt. All of your debt. Everything. Remember, you are taking the first steps to understanding your debt in order to get rid of it. Write down your debt like this.
What? Payment? Balance?
Barclaycard £150 £2000
Santander card £200 £5000
Lloyds Loan £150 £4000
Total £500 £11000
- Accept that you have this debt. You have it and you shouldn't be ashamed that you have it.
- Now that you have accepted it. It's time to pay it off. It's not going to be easy but as long as you are determined then we can get you debt free.
Look at how much you pay out on debt each month. How would your life improve if they payments were finished? Write it down.
To help you with paying off your debt we're going to create a monthly budget. This will help you see where your money is going. Let's get your monthly budget set out so we know what we are dealing with.