Prior to the holiday season we put out some information on budgeting through this time of the year.
How did you manage your finances? Do you have some outstanding credit card debt or overdrafts?
- The best advice for budget and debt management is to not ‘put your head in the sand’ and hope it goes away.
- List all your outstanding debts and expenses. Prioritise your debts and expenses in order of urgency and highest interest. You could also contact your provider and negotiate time to pay and put the agreed payments as direct debits so they become automatic.
- Don’t take on anymore debt and focus on your budget. Take on extra work where you can and/or sell unwanted goods to help.