When life gets difficult financially, it can affect the way we usually handle things - Relationships, family, day to day living, work and social life can all become a big struggle. In many cases, if there is no resolve on the situation it can lead to more serious problems such as depression, sleep problems and more.
Having debt problems and can be one of the biggest causes of financial stress and ill health. Every single day can become a constant pressure; You are trying to maintain some sort of quality of life wondering about everyday things like getting food, working, paying general bills, heating, electricity, never mind the fact that your debts mounting up and up, your creditors are hassling you and you see no way out of the situation.
You may think there is nothing you can do about financial stress, depression or your situation, but there is always a way out. Have a look at some of our points below.
Talk to someone you can trust about your debt problem
This might be a close friend or family member. Just talking to them about your problem can be a weight off your shoulders. If you feel like there is no one you can trust or get support from, contact a trained professional such as your GP or give us a call on 0800 043 5133 and we'll be happy to listen and help you see what your options are.
Face your debt problem
Sadly, your debt problem will not just go away and things will not magicly just become alright. You will need to face your problems. This can be difficult as every part of you probably wont feel like doing something about it and you wont know where to begin. Call our debt counsellors at Debt Advice and we will be only too happy to discuss your situation and then help you. Call us on freephone 0800 043 5133 now for free, friendly debt advice.
Draft out your Budget
If you insist on handling things yourself or if you aren't quite ready to talk to someone, you might want to look at drafting a budget plan. By realistically detailing and examining your full income and expenditure you will get a visual perspective on your incomings and outgoings, seeing if and where you can cut back, gain more and also exactly how much money you are left with every month. If you have done out a budget planner already and have seen no resolve from it, you might want to contact us at Debt Advice for further help and information on what to do. You can fill in our online budget checker and submit it to us for analysing.