What's the single best tip you can give for all those in debt ?



  • Sa1sysoo
    Sa1sysoo Posts: 297 Forumite
    Photogenic First Post First Anniversary
    Keep sight of your long term goal, whatever that may be.

    I have a picture of my dream house in my cheque book and my purse, and every time I am about to buy something I don't need, the picture makes me change my mind!

    I will get that dream house, and not spending is going to get it for me!

    OMG!! This is a genius idea HHoD!! Currently saving up to move, inspite of my signature... And everything we can afford at the moment is just pants...

    I'm gonna do this RIGHT NOW!!:j
    OH OD - £100.00/£100.00 Joint OD - £100.00/£100.00StepChange: £10,057.67
  • Bambywamby
    Bambywamby Posts: 1,608 Forumite
    Photogenic First Anniversary Combo Breaker
    I have a picture of Colin Firth in my purse....does that mean I get him soon? :D
    *Frugal Living 2015* *Not Buying It 2015*
    "Twenty years from now you will be more disappointed by the things you didn't do than the ones you did do. So throw off the bowlines. Sail away from safe harbour. Catch the trade winds in your sails. Explore. Dream. Discover." ~ MARK TWAIN

  • wiggly
    wiggly Posts: 292 Forumite
    First Post
    whatever you do, if you consolidate your debts CHOP UP THE CARDS IMMEDIATELY

    or you do what I did and 3 times use the cards to the max again :rolleyes:
    Trying to get on top of finances one step at a time
  • newlywed
    newlywed Posts: 8,255 Forumite
    Name Dropper First Post First Anniversary
    wiggly wrote: »
    whatever you do, if you consolidate your debts CHOP UP THE CARDS IMMEDIATELY

    or you do what I did and 3 times use the cards to the max again :rolleyes:

    Why couldn't you have told me that 6 years ago? :rolleyes: ;)
    working on clearing the clutterDo I want the stuff or the space?
  • deliciosa
    deliciosa Posts: 744 Forumite
    my single tip would be for dealing with debts - Ignore them and they take control over your life. Face them and they will go away.
    Total debt £3625.07. :o
    Goals: 1.) DFD December 2008 (snowball) / October 2008 (me:o ) 2.) Salary £30kpa (currently £26450pa) 3.) Slim down to 55kg (currently 68kg :( ) 4.) Start stoozing :j
    I do not NEED that DVD Tough love club Member #1
  • azjh77
    azjh77 Posts: 925 Forumite
    Don't worry ... and read Rob Parsons 'The Money Secret'...

    15 crafts for 2015 challenge.
    Christmas 2015 - started to save/wrap!
  • clarab_3
    clarab_3 Posts: 691 Forumite
    Can only reiterate spending diaries.

    Pay all your *must pay* bills on payday, then divide the remainder up for the rest of the month - withdraw your allowance weekly and when its gone, its gone!

    buy basics in bulk.

    life is full of cheap/free little luxuries - a good long bath with some nice music, a 99p facepack in front of the telly!
  • nomoneytoday
    nomoneytoday Posts: 4,866 Forumite
    First Post First Anniversary Combo Breaker
    Ask yourself if you can buy it cheaper elsewhere :)
  • janey_uk
    janey_uk Posts: 204 Forumite
    Pay as much as you can off your debts on they day you get paid, rather than waiting the month to "see what's left".

    That way the debt comes before all the impulse buys and temptation to sod cooking and get another takeaway!

    I started doing it and was suprised how much it changed my spending habits.
    For everything else, there's MSE :T
  • Don't forget income maximisation as well as minimising your outgoings -claim benefits & tax credit entitlements ASAP (but do tell them straight away if there is a change of circumstances to avoid any risk of overpayment etc). Get advice from CAB on rights.
    Sell unwanted / uneccessary stuff, check out tax-breaks on income from lodgers if you can rent out a spare room.
    Also check all live-in adult children are paying their fair whack if earning... and resolve to have that difficult conversation if not.
    Overtime / negotiate pay rise / second job potential?

    Be tough and creative, and think laterally for your own situation.
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