Income & Expenditure
Creditors will want to see a breakdown of of your income and expenditure and a debt adviser needs to assess it to identify your most appropriate debt options. It can seem quite a challenge at first and you may see several versions of your budget during the debt advice process.
This section explains where you should start and how a debt adviser works with your budget.
Why are budgets important in Debt Advice?
Start with your own budget
Create a spending diary
A lot of people dismiss this as a waste of time but you would be surprised how effective it can be to keep a track of your spending. It is easier then to see areas of spending where you could cut down. You can also get a much more accurate picture of your finances.