Avoiding debt

Updated: 12 Feb 2012
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We have published several leaflets on how to manage your money
Customer advice services
We are all spending more money, and many of us spend more than we can afford. This information should help you plan your spending, and help you avoid getting into debt.

Steps to take

  • Look at how much income you have coming in each week
  • Look at how much you spend each week
  • Decide how much you can really afford to spend, and set a budget
  • Be prepared to reduce your spending on some items.

Remember:

  • Keep to your budget!
  • Taking out extra credit will increase your weekly spending
  • Credit and store cards can be the most expensive form of borrowing
  • If you need to borrow, use the lender with the lowest interest rate.
If you do get into difficulties, get advice as soon as possible from your local Citizens’ Advice Bureau.
The NIDirectOpens link in a new browser window website has some useful tips on managing your money.