When a bundle of joy leaves you with a bundle of debt

This is a post from CCCS. They offer a really valuable free service.

After the excitement of expecting a new member of the family settles, the reality of how much this little bundle is going to cost sets in.

As you may well know, the average cost of raising a child from birth to the age of 21 equates to around £800 a month. As NS&I have reported that we are only setting aside £82.92 every month, we would have to save for a very long time to be able to support the upbringing of a child!

At the same time prices are increasing and many of us are relying on credit to fund priority expenditure including spending money on the kids. And with unemployment on the rise it’s becoming increasingly difficult to maintain credit repayments. It doesn’t help that (according to Shelter) two million of us have used credit to pay for housing costs.

cccsWith all this is mind, it is no wonder that demand for debt advice is on the increase.

To introduce ourselves, we’re CCCS – the UK’s leading debt advice charity. We provide free, confidential and impartial debt advice to anyone experiencing financial difficulties.

We answered around 300,000 calls last year and also provided online counselling to over 60,000 clients through our online debt counselling service. Around half of our clients have a family, and given the usual domestic worries, you don’t want additional financial stress hanging over you as well!

Unlike the fee-charging debt management companies you may have heard about we explore all of the options available and we don’t charge a penny no matter what solution we recommend. We also have specialist support services such as welfare benefits, counselling for the self employed, mortgage arrears support and bankruptcy support.

Finally, as well as providing debt counselling, we also help people to avoid unmanageable debt in the first place. Our MoneyAware blog is packed full of the latest money-saving tips, debt and credit advice and discussions on how to keep yourself free from debt worries. We’re also on Twitter and Facebook.

So if you’ve got a debt problem, or if you know someone that does, get in touch. We can help.

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2 Comments

  1. March 1, 2011 / 11:32 am

    I’m trying my best not to use credit in anyway to get through hard times, but its handy knowing its a option if times do get tough. Have enough with paying off old debts from my teen days let alone any future ones.

  2. Becky
    Author
    March 1, 2011 / 11:40 am

    Thats why I do Emma try and not use any credit. I used to keep my credit card in water in the freezer so I would need it to completely deforst befor e I could use it. Now I just never use it

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