A self help guide to
dealing with your debts
Although there are many different ways of dealing with debts,
depending on
your situation, only one or two options may be
available to you.
Gathering paperwork
Before you begin, it
is a good idea to sort through all of your
paperwork.
In order to successfully deal with all your debts,
you will need to gather and
collect as much information as you
can find to illustrate your financial
position.
See this
list.
Completing a personal budget
Once completed, your budget will provide you with a complete overview of your
current financial situation, showing where you get your money from, what you
spend your money on,
how much money you owe, who you owe it to and how much you can afford to pay
them.
Working out a personal budget is an essential means of dealing with any debt
problem and will not only help you to choose the best options to deal with your
debts, but it can also be used to help you negotiating tool with your creditors.
Using the Bureau-online budget calculator
With the Bureau budget calculator, completing your personal budget is made
easier. Over the next
few pages, we will give you instructions on how to successfully complete your
budget.
All you will need to do is follow the on-screen instructions and enter your
information in the spaces provided.
PleaseClick hereto activate the online budget
calculator
Once you have activated the online budget sheet, you can start entering your
personal details. In order
to carry on using this site while the budget sheet is in use, simply minimise
the budget sheet window,
and carry on moving around using the links provided.
Please make sure that you do not close the window until you have completely
finished all four pages
of your personal budget, or any progress that you have made will be lost. Also,
make sure that you
print each page (or save it in a word document) as you go along, or again, any
progress you have made
on a previous page will be lost, once you move on to the next page.
Work through this guide one step at a time, completing each task before moving
on to the next one.
Each Step is listed below:
Step 1 -Your spending
Step 2 -Your income
Step 3 -Listing
your debts
Step 4 -Prioritising your debts
Paperwork to collect
In order to complete your budget accurately you will need to check your
paperwork.