Simple debt management advice
You can start digging yourself out of debt by making some simple changes like budgetting and the way that you pay your bills. The following debt advice could save you money and help to keep your creditors happy and avoid baliffs.
You can talk your way into a monster of debt with mobile phone calls but these enormous bills can be reduced if you switch to a ‘Pay as you Go’ network which will allow you to monitor the amount of calls that you make each week.
Gas and electricity bills can burn a hole in your pocket if you do not take the time to seek out one of the many energy providers who offer lower rates. Shop around online for the cheapest quote based on your particular usage. Alternatively, you could ask your energy provider to install a pre-payment meter into your home which will allow you to purchase your gas/electricity before you use it. This will reduce the likelihood of a large quarterly bill mounting up and help you to manage any other debt you may have as you will have kept on top of two of your major utility bills.
There are plenty of little ways to subsidise your income and reduce debt. For example, if you have any spare rooms in your home, why not consider letting them out? The rent-a-room scheme allows you to let out any spare rooms in your home and earn £4,250 per year tax-free towards any outstanding debt! These days, becoming self-employed is also a profitable way to boost your income.
Debt Advice News posted on 30/05/2007 15:07:05
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