If you’re tired of just getting by with your finances, then you will want to give this a read. Being on top of your money and kicking debt to the curb doesn’t need to be difficult. Sometimes it’s tough and hearing from people who are already in debt isn’t ideal for the situation. Nothing will change unless you’re willing on taking action when it comes to your finances.

Here are a few tips and tricks you will need to take into consideration if you want to sort out your money problems:

1. Get organised! You should attempt to track your spending so you know what your outgoings are and what amount of money you will need to save each month in order to stay above board with your money.
2. Create a debt snowball, this will allow you to balance your debt from smallest to largest. You should list these in order of the past due amounts. You should of course priorities the most urgent bills. If you receive a letter that is demanding a bill, then this should of course take priority.
3. Get on a monthly budget- this means having the amount of money you are going to be spending each month and sticking to it. This will allow you to budget your money and decide what you would like to spend.
4. Communicate with your creditors- Call your past due accounts and explain that you are getting on a plan to get caught up (they are not all bad guys) they will listen to you and be willing to work with you if they know you plan to pay them back. Make sure you get any settlement agreements in writing before you send them a check. And never give them your bank account information. If you have a credit card, you should ensure that you are not being mis-sold any insurance. To claim back PPI contact your bank first for more information.
5. Cut expenses- If you are behind on your bills, then it’s time to take a hard look at where your money is going. Examine your budget and cut whatever isn’t necessary. Once you’re current on your bills, you can re-evaluate your budget to see if there’s room to add a few things back in if you’re still able to work toward your financial goals.
6. Reduce your spending- Once you’ve cut what you can in your budget you should try to come up with different ways of trimming your spending in other areas. Set a goal of reducing your grocery spending and use the money you free up from cutting expenses and reducing your spending to get current on your bills.
7. Boost your income! You can do this by getting creative and coming up with new ways to boost your income. Try and generate some extra income- walk someone’s dog? Or perhaps if you are crafty you can try selling some of your creations on Etsy, Amazon or Ebay.