The
recession and rise in cost of living has left many families facing financial
hardship. As times got harder more and more was borrowed by the average British
family, and now in the recovery stage you are left with debt to pay off as well
as more expensive bills and day-to-day expenses.
Debt
is one of the main triggers of depression in the UK and it is also one of the
top reasons couples cite for divorce. Looming debt creates an atmosphere in the
family home that is stressful and worrying for all members of your family.
Don’t let it rule your life, find ways to do the things you want to for less so
you don’t feel enslaved by your debt.
Take
a holiday. Yes, this might sound completely impossible, but those in debt are
much more likely to need a break from their daily routine and money worries. It
doesn’t’ t have to be a big holiday, in fact it shouldn’t be, as this will just
add to your financial worries. Take a camping trip, stay with relatives within
the UK, or enter a competition to win a holiday. You can currently win a free
Butlins break simply by entering the holiday
voucher code found on special packs of Cushelle on to their website.
If
you are debt heavy but asset rich, then consider taking some of the pressure
off by getting rid of some unwanted belongings. Have a massive clear out of
clothes, toys, furniture and other bits and bobs you just don’t need, want or
use anymore. List things on eBay, do a car boot sale and try gumtree for larger
items. Once you’ve streamlined the relatively small things, then consider some
of your other possessions. Do you live in a two-car household? Do you need both
those cars or could you manage with one between you? If you could live without
a second car selling the spare could free up a huge amount of cash and get your
debt paid off faster.
