The first thing I would recommend to anyone who is looking to sort out their debt problems is to create and complete a debt budget sheet. If you’re not sure how to go about creating one or simply can’t be bothered then you can download one from the debt helpline. Basically you enter in every expense and earning you have, so you would enter your wage, benefits and such like into the earnings area and then outgoings such as your mortgage or rent, ground rent and so on. The image below is just a small sample of a form you’ll need to complete to start your journey on beating debt!

A personal budget truely is an essential tool to help you on the path of beating your debt problems. The following is just a few reasons why you should complete the budget sheet:

• see exactly how much money is coming into your household
• see how much money is going out
• see how much is left over
• work out affordable offers to creditors if you cant pay the full amount
• plan your future spending around these figures