Do you really need it?
Think about what you're buying. It is something you really need or something that you want? A short term 'cheer-me-up' can lead to guilt about buying it. If you do buy something you don't need make sure you keep the receipt and don't be afraid to take it back
Use this simple form below to work out how much money you have left over for unsecured debts. Note that the only debt repayments included are mortgage and car. Leave other debts like credit cards out....for now.
Enter as accurately as possible. Use the handy convert buttons by entering a value in the box and press the button to convert to monthly.
Things to have to hand to make it even easier, unless you know them of by heart.
A recent bank and/or building society statement so you can enter your household bills
Your loan/mortgage agreements and latest credit card statements
Any annual expenditure items that you don't pay for monthly - such as car tax
Download the pdf version of the budget worksheet.
(opens new window, or right-click to save to your PC)
Once you have entered all your details, just click the calculate button and it will work out your current income and outgoings. Once done you will be able to forward the details to the debt predictor tool.
The inland revenue have a section on allowable expenditure levels (opens new window).We would not advise just using these trigger values but they are useful for indication of expected levels.
Remember that all figures in this form should be monthly. Where there are buttons next to fields such as "convert from annual" this means enter the annual figure in the box, press the button and it will convert it to a monthly figure for you.
More in this section
debt management plans :: credit card debt help :: debt help :: bankruptcy advice
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