Woman's Own Debt Advice

black-saturn

In the 6th Feb addition of Woman's Own magazine there is an article on debt advice so I thought I would share it with you:

The average household debt in the UK is about £7,749 - a 45% increase since 2000. One in three of us are hiding debt problems from our partners.

You should plan a weekly budget and stick to it.

Don't ignore the debt.

Don't deal with debt on your own. Confide with your partner, family and friends.

Talk to the organisations you owe money to. Let them know your having problems. Work out the priority debts such as mortgage and utility bills and arrnage to pay these off at a faster rate than the rest.

Work out how you much you can easily afford to pay back. Check if your entitled to extra benefits or tax credits. Shop around for cheaper providers.

Get expert help.

These are not necessarily views of my own but there are some pretty basic tips there from them.

Kevicho

no link to this website? :S

I think the problem with these advice columns is that they dont deal with the cause of why there is huge debt in the first place, also such general advice is not always right for each person

But, if it get s people interested and they dig deaper then it isnt a bad thing

Tondella

I dream of a household debt of £7k!!!! A household debt of £7k is my goal!!!

Seriously, they might seem elementary to us but hopefully articles like this will get people thinking about their debts and how to tackle them. Maybe finding out that they have debts above the national average will be the wake up call some folk need to get it moving.

black-saturn

Well I thought it was worth a mention just incase it helps anyone on here.

ozzyfan_2

thanks black-saturn

Tondella - if only my debt was that too! I feel really bad that my debt is nearly 3 times the average :eek:

how did I let it get so bad?

I'm so glad I've had my wake-up call!

ms_london

A lot of magazines who touch on the issue of debt just dont have a clue!! They skirt around it, and make light of it, but it is such an important subjebt it should be approached in a more serious way!!!!

Bought this months essentials magazine (the one I was in) and I am pleased to see that there was a link to this website!! Hoorah!!

xx

roswell

I think Money managment should be a compulsary subject in schools.

*Sparkle*_3

roswell wrote:

I think Money managment should be a compulsary subject in schools.

Thats exactly what i've been saying for years!!! get rid of R.E and teach something thats really going to help you out for the rest of your life!!
They should teach about mortgages,savings and just general money matters.

blt

Do you know,I work in a school and we have days off timetable to look at things like finance. A lot of the other teachers complain about it but I think it's really good because it explains things to the kids in language they understand.