20 Tips for Avoiding and Dealing with Debt

1. Check whether you’re entitled to any additional benefits such as Job Seekers Allowance, Maternity Benefit, Income Support or Working Family Tax Credit.
2. Check whether you’re entitled to any help with rent or Council Tax.
3. Cut down on the usage of electricity by not leaving appliances on stand-by. Switch off lights when not in use. Lower thermostat on radiators to reduce heating costs.
4. If you are unemployed or unable to work through illness check if you have payment protection insurance on your mortgage, loans or credit cards, you may be able to have your payments made for you.
5. Supermarkets own brands can often be just as good as the well-known brands but cheaper.
6. Shop once a week and plan your food. Preparing packed lunches could save around £50.00 per month. Freeze left over food and re-use.
7. Cut down on eating out and take-aways.
8. Drive a small economical car and save on insurance, tax and fuel.
9. Instead of using the car for short journeys, consider walking, using a bike or public transport. This will save a surprising amount of money while also improving your fitness and health.
10. Use your local library for books, CDs, DVDs and videos.
11. Enjoy family activities that don’t cost money. Museums, galleries and parks are free and make great days out.
12. Don’t browse around shops and stores, make a shopping list and stick to it.
13. Try to cut down on cigarettes or, if you can, give them up completely.
14. Sell unwanted items in the local classifieds or on the internet - many newspapers offer free advertisements.
15. Cut down on nights out, drink alcohol in moderation.
16. Look how to gain study grants. You may be able to study part time to improve your prospects while you work.
17. Research childcare in your area. There maybe council/church run nurseries and sometimes grants are available. Use family whenever possible for baby-sitting.
18. Check for better work opportunities closer to home. Consider the additional costs of your job e.g. childcare, travel time and expense.
19. Reduce monthly subscriptions to mobile phones, internet and Sky television.
20. Take holidays at off-peak times and choose less expensive packages e.g. self-catering.

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