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- Work out all of your incomings and outgoings. Identify any areas in your budget where you can cut back – whether that is cancelling gym memberships, switching supermarkets or changing insurances to a cheaper deal.
- If you are struggling to make this month’s mortgage payment then contact your mortgage lender to see if it would be possible for you to have a mortgage break. If you are living in rented accommodation, then you could still speak to your landlord to see if you can come to an arrangement.
- If you have outstanding debts that are becoming difficult to manage then you can contact Payplan or visit your local Citizens Advice Bureau to get assistance with re-paying these debts at a rate that is affordable to you.
This article was checked and deemed to be correct as at the above publication date, but please be aware that some things may have changed between then and now. So please don't rely on any of this information as a statement of fact, especially if the article was published some time ago.