Connect with us

Hi, what are you looking for?



How to become Debt Free while on a Low Income


2. Know your Income and Expenditure.

Have you ever thought ‘I do not know where my money disappears to each month’? This exercise will show you exactly where your money goes!
Next, undergo the previous months bank statements. Write down all of your income for the month. this might include things like:


Tax Credits/Benefits
Child Maintenance
Rent from Lodgers/Older Children
Second jobs
Now assign different categories for everything you’ve got spent. Examples might be
Direct Debits
Now split all of your expenses into either ‘Necessary’ or ‘Not Necessary’.
So items like utilities would enter the ‘Necessary’ section, and people cups of coffee you purchase in town would enter the ‘Unnecessary’ section.


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


Loading... 2. Using the sunscreen incorrectly 3. Do not clean the glasses Loading... If you occasionally have pimples around your glasses, chances are you...

Marketing and Advertising

Loading... 2. Don’t compromise the standard of your website All your customers will inspect your website online a minimum of once. If your website...


Loading... Diagnosis of Back Pain: It are often diagnosed in many of the subsequent ways- X-rays: It are often tested by X-rays. An X-ray...


Loading... Not Investing in Latest Technology To better income management, it’s crucial to possess advanced financial technologies at your disposal. one among the simplest...