10 ways to manage debt and manage your money

If you are finding it difficult to manage debt and manage your money more effectively, may want to seek the advice of a debt management company in the UK who can help you manage and eliminate debt. Debts can grow by the day, making it nearly impossible to manage debt better on your own. It is estimated that UK debt, if not tackled, will grow to 180% of the annual value of the total British economy within a decade. Here are ten tips to help you manage debt.

1. Budget and manage debt

Stick to a strict budget at home and reduce your outgoings. Shop at cheaper supermarkets, use the car less and buy clothes from e-bay.

2. Sell the clutter and manage debt

You can manage debt a lot better by selling all your clutter on e-bay or at the local market, and using the money to pay off your debts.

3. Switch utility suppliers and manage debt

Manage debt by comparing prices of utility providers in your area.

4. How to manage debt and pay off credit cards

If you are paying only paying off the minimum on your credit cards each month, prioritise your payments to help you manage debt. Pay off the ones with the highest interest rates first.

5. Avoid store cards and manage debt

Never be tempted to sign up for a store card and only use cash in the shops and supermarket. Store cards charge astronomical rates of interest.

6. Manage debt and spend less

If you have pets, manage your debts better by only buying cheap offal and ask the butcher for any throwaway cuts. This will be better for the pet, and cost a lot less.

7. Manage debts and reduce phone bills

You can manage debts and reduce phone bills by checking the costs of different phone providers online. Most new customers are offered cheap rates and discount deals if they swap providers, and remember that BT is no longer a monopoly so feel free to shop around.

8. Manage debts and money off vouchers

If you have children, and you want to manage debts better, look around for money-off vouchers and cheap days out, which are often advertised in the local press. You can get huge discounts for theme parks, leisure parks and even free admission to many shows and events in the summer.

9. Manage debts and take on a second job

If you are struggling to manage debts, apply for a second job in the evenings or at the weekends. A part time job will bring more money in, and provide an extra dimension to your social life.

10. Manage debts with professional debt help

If you still can´t manage your debts after cutting back at home, contact a debt management company who will give you free debt advice and guidance so you can manage debts better.

We do not provide any professional services directly,  our aim is to provide answers to 99.9% of the questions you will have regarding all aspects of debt management before you make any major decisions and we do this by providing detailed information in our free reports and a free telephone consultation from an approved advisor.

We have looked at the quality of debt advice in the industry and recomend you only consult with Companies that offer a full portfolio of solutions not just Debt Management Plans so you will get the best advice for you and your family.

To talk to our approved debt specialists who are fully licensed Insolvency Practioners (IP’s) and offer a full range of solutions please telephone 0800 014 7863 or complete the short online application on the left and the advisor will call you back.  There is no cost for this call and no obligation.