Debt help

Dozey_crow

I would say that you need to address this as a couple. So you need to pool your finances deduct household bills and then apply additional money where it is necessary. So for instance you could both put some of it to your outgoings which in your case is debt. Whilst I don't want to intrude on your private life or comment on yournousehold structure if you are a couple and have children together then sharing finances seems a logical thing to do. Not only that but I think that in your case it is essential as someone else had said redistributing household expenditure may be a god was to solve this problem.

The only other obvious thing to do is increase your income somehow. Is this possible?

longtermplanner

Well the last few weeks will probably have been higher than usual. But if your debts have been increasing most months, then there is something missing from your SoA. Could you try keeping a detailed spending diary for the next month to try find where the £££ are going?

Your SoA needs to include the amounts for road tax and insurance, otherwise you aren't going to have that money saved up for when you renew. Also everyone needs to include something for clothes, medical, emergency etc - next month and the month after you may be able to manage without, but it's going to take a while to clear those debts and during that time you will need new trainers and the odd prescription.