Let your family know
Hiding debt issues from your family will not make matters better in most cases. They will probably find out in the end and are likely to be be more unhappy that you didnít tell them in the first place.
At least if you tell them, you will have someone to talk to and share your problems with. That can often help more than keeping it all to yourself and you might find it a relief.
You need to know exactly what money you have coming in and precisely how much you have coming out. When you do this you might be able to see areas in your finances where you can make savings. Being tough with yourself is the key to this, you will have to cut out any luxuries whilst you are going through a tight money period. Your future self will thank you for this when you get yourself back on your feet financially.
Can you cut common expenses by doing things like buying cheaper food, cooking for yourself instead of eating out, or making your own coffee instead of buying one each day? If you can make small incremental savings they could add up to a significant saving which will help your finances become more stable.
Set up regular payments
If you can, set up standing orders for any loans or credit cards you have if you know you are not good at making regular payments. Sometimes the temptation is there not to make a payment, even though you have the money and that payment would help reduce your debt. A standing order will take the decision out of your hands as it will automatically come out of your bank account.
Think carefully before you make decisions
When youíre in debt sometimes it can be tempting to find a quick solution to a problem, such as taking out another loan to consolidate your existing debt. The problem with this is that you could just be adding to the debt you have and actually borrowing more and paying more interest.
Think about the various solutions that are available to you and talk to Citizens Advice, who will be able to guide you in the right direction.