Living in debt

Make this March a time to remember, sit down and look at your debts. You need to take this time to sit down and decide which of your debts are most important and then tackle those priority debts. Those which carry the largest penalties for non payment should be taken care of first since they’re only going to put you even further into debt. Something like mortgage arrears could actually result in you loosing your home so this should always be a very high priority if not the highest! Even worse are council tax arrears, this could actually result in a prison sentence, can your debt get you in any worse trouble than that?

If you have credit cards then try pay more than just the minimum. Okay fair enough paying the minimum is better than paying nothing at all but it’s just going to lead to more interest charges and keep the ball of your debt going, try pay as much as you can, especially if you don’t have any other debts at the moment.

So go do it now, sit down and sort out your March debts.