Life can be hard enough when you only have yourself to look after. As a mother, meanwhile, you also have your children to care for. And while your own income seems be marking time, everything around you simply keeps getting more and more expensive. It doesn’t help either that “good“ doesn’t seem to be good enough any more these days: Many children are bullied on the schoolyard for not wearing fashionable clothes by expensive brands, for example, while the media are constantly appealing to your conscience as a good mother to provide your children with a healthy diet and an excellent education. Add to that the costs of toys and extracurricular activities and a regular wage will frequently turn out to be insufficient, with bills quickly running up. If you, too, are finding that there is rarely enough cash left at the end of each month, it is about time to start looking for advice.
Needless to say, the first thing you should do is try and prevent debt in the first place. Easier said than done. But still, there are quite a few things you can do to keep your debt from spiralling beyond control:
- Make sure you’re getting all the benefits you’re entitled to as a mother and speak to charities and organisations supporting families in financial trouble. There’s no need to be shy or even ashamed about getting help.
- Don’t let yourself be fooled by zero interest credit cards or currently popular payday loans. All of these incentives are merely devised by big financial institutions to gain or retain you as a buying customer. Instead, set up and follow a strict buy-only-what-you-can-pay-for-strategy.
- It has become highly fashionable for even one-year old babies to be wearing Nike-sneakers or bodysuits by Tommy Hilfiger. You need to see these things for what they really are: Absurd trends. Try to go your own way instead – there’s nothing wrong whatsoever for your children to be wearing second-hand clothes, for example.
- If you have friends who are in a similar position to yours, make sure to contact them for advice. In many cases, their suggestions can prove to be far more valuable than expensive books or courses by so-called experts.
If you’re already deep in debt, however, it may be time to turn towards a professional debt management agency. It may seem strange to be spending money on debt advice. But in many cases, by not taking action, you risk piling up even more debt and eventually having to declare bankruptcy. Speaking to professionals has many benefits:
- They can answer your questions in-depth and with regards to your personal needs
- They can pinpoint precisely where your problems lie.
- They can advise you on the intricacies of complex procedures such as a personal insolvency, an IVA or a DRM.
After you’ve decided to work with a debt advice company, it is essential to pick the right one. The Debt Advisory Line has proven the value of their services over many years of providing advice.