How To Get Your Your Money And Debt Under Control

by: debs Jenkins
REPRINT GUIDELINES=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=You are free to publish the following article in itsentirety in your eZine or on your website. Our onlycondition is that you MUST keep the information about theauthor,(c) notice and resource box at the end intact.Please let us know when you use an article bysending us an email... mailto:howto@leanmarketingpress.comUse this article to make money - sign up here...http://www.bookshaker.com/affiliate_info.php=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=Word Count: 356Character Width: 60Resource Box: Debt-Free For Life===========================================================How To Get Your Your Money And Debt Under Control- by Steven Erlick MA(c) Steven Erlick. All Rights Reserved.http://www.BookShaker.com===========================================================If you are struggling with money and debt here are somethings you can do to help. Admit to yourself that you haveto much debt. It is very easy to strugle on each monthrobbing Peter to pay Paul without getting to grips with theproblem. If you are spending more than 10%-15% of yourincome (excluding a mortgage) on debt repayments you areprobably financially stretched. List out how much you oweon credit cards and loans etc. It will come as a shock so beprepared! Also list out what the repayments are on each.Check if your spending on debt servicing is higher than 10-15 % of your income. If it is, here are some options to sort out the problem. Ifyou can, increase your income. You may be eligible forgovernment money such as tax credits or help with counciltax or rent if you are on a low income. Alternatively youmay be able to get a part time job or rent out the spareroom. If it is not possible to increase your income you need tolook at ways of reducing your spending. Are there things youcan cut down on? Start buying cheaper products at thesupermarket. It is amazing how much your grocery bill can bereduced by buying "own brands".If increasing your income or reducing your expenditure isnot possible or insufficient then write to the people youowe money to and explain the situation and ask them tosuspend the interest so that you can start to reduce whatyou owe them. This is known as an informal arrangement.More formally you can arrange for a legally bindingagreement with your creditors called an Individual VoluntaryArrangement. This will often reduce the total amount you oweby a considerable amount. The other main way of getting ridof uncontrollable debts is bankruptcy, this has been madeeasier and simpler of late. You should get some advice aboutthese options from the local Citizen's Advice Bureau.The main thing to do if your are struggling financially isto do something about it, before it gets worse.===========================================================Debt is not your fault. Learn how to get out of it andprosper. The acclaimed Debt-Busting Manual "Debt-Free ForLife: Prosperity For the Rest of Us" is available here...http://www.bookshaker.com/product_info.php?products_id=115===========================================================Keywords: debt,debt-free,change,transform yourlife,transform your debt,prosperity,debt free,money,controlmoney,control debt About the author:=========================================================== Debt is not your fault. Learn how to get out of it and prosper. The acclaimed Debt-Busting Manual "Debt-Free For Life: Prosperity For the Rest of Us" is available here... http://www.bookshaker.com/product_info.php?products_id=115===========================================================