2007-08-13 10:37:52 · 7 answers · asked by GARRY G 1 in Business & Finance ➔ Personal Finance
down size your life style a bit and do not charge anything you can not pay off when it appears on you cc -- every payday pay your self first -- start off small say as little as 2% -- buy a savings bond -- you can buy one for as little as $25.00 but you can not touch it for 6 months -- after you get used to living on the reduced income raise the percent and look for better investments!!!
2007-08-17 07:35:20 · answer #1 · answered by Anonymous · 0⤊ 0⤋
have a long hard look at your lifestyle.
Take a pocket book (about 20p in most newsagents) with you everywhere for a week and write down every time you spend even 5p.
Then at the end of the week see what you bought that you needed, could live with out or was a total impulse buy.
Also cut up all credit cards/store cards etc - only spend cash and give yourself a limit ie get all your direct debits out within a day of being paid, get the shopping done, pay your debts and then what ever is left over is what you have - £200 for the month - £50 per week. Only every draw out that set amount in cash and when its gone its gone.
Its easier to spend on a credit card than it is when you actually see the amount in your wallet getting smaller!
Good luck
2007-08-13 17:49:25 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Spend less than you earn.
If you do that, you can use the difference to pay off debt and build savings. If you don't, you are getting deeper in debt, even if you don't realize you are.
2007-08-13 19:55:44 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
Contact Debt Free Direct who will talk you through your options and give you hints and tips on controlling and paying them. Possible options are an IVA
2007-08-13 17:52:57 · answer #4 · answered by Sarah C 2 · 0⤊ 0⤋
cut up all shop + credit cards they are the most expensive
way to borrow money to clear them consult the citizen advice bureau to find money lending cooperative in your area
if you can consolidate your debts by taken out one loan under
CAB advice only
avoid loan companies they have hidden charges which they add guess to who's account they usually say you pay less per month true but you pay for longer so in fact it is more expensive and who do you think gets the extra interest
clue NOT YOU
please seek CAB advice asap I Know it sounds like I am
patronising you sorry its because I believe you are in vulnerable situation
2007-08-13 18:07:10 · answer #5 · answered by Anonymous · 1⤊ 0⤋
If over £15,000 can get assistance see Citizen Advice
2007-08-13 17:46:22 · answer #6 · answered by Rick J 5 · 0⤊ 0⤋
firstly stay in touch with them explain circumstances and send them £1p/month as a token payment or sort out an AVI or declare yourself bankrupt
2007-08-13 17:49:38 · answer #7 · answered by golden 6 · 0⤊ 0⤋