Cost of Living Crisis: Managing your Debts

The cost of living in the UK is high, and debt management is difficult as utility bills are high. If you're struggling to make ends meet, here are some tips to help you manage your debt.

Cost of living Managing Debts

Higher Energy Bills Debt

1. Make a budget

Track your income and expenses so you know where your money is going. This will help you identify areas where you can cut back on spending.

Write down all your debts

2. Prioritize your      debts

List your debts from the highest interest rate to the lowest. Pay off the debt with the highest interest rate first; this will save you money in the long run. Some bills, like council tax, rent or mortgage and utility bills.

Highest Interest Rate to  Lowest

3. Create a payment       plan

Once you've prioritized your debts, create a payment plan that fits your budget. Automate your payments if possible to make sure they're always on time.

4. Transfer your credit cards to 0%

If you are unable to pay off your credit card debt, you may be able to shift to a balance transfer card that offers zero interest for a set period of time.

balance transfer card


0 % Up to 36 Month 

5. Negotiate your      Debts 6.  Contact your      Suppliers 7. Use Money Apps

Like : Moneyhub


     Get professional      Debt help

If you're struggling to manage your debt on your own, seek out professional help from a credit counseling or debt management service. These organizations can negotiate with creditors on your behalf and create a repayment plan that works for both parties.

Call us Today, Get Debt Advice


If you're struggling to keep up with your bills, it's important to reach out for help. There are organisations that can offer advice and assistance, such as Acme Credit.  Click here below for debt help.