The Money Advice Service health check
This is a good way to take a fresh look at your finances. You answer a series of simple questions and it creates a common sense action plan for your particular situation. Visit The Money Advice Service health check.
Have you examined your bank statements lately? If not, it’s time to grasp what exactly is coming in and going out each month. There is a range of budgeting tools at Credit Action, including an interactive Budget Builder.
Credit card transfers
Getting rid of your credit card debts may not be possible, but you can at least ensure you are getting the best rate available. Find the best zero per cent deals lasting up to 22 months at the Which? credit cards and loans page. It also has a balance-transfer calculator showing how much you could save.
If you’re holidaying at home this year, take some time to find the best deals on mortgages, savings, insurance, energy suppliers and phone bills. You could reap worthwhile rewards. There are links to 13 accredited switching sites at Consumer Focus.
If your money troubles are beyond DIY and you feel you need professional help, go to Directgov’s Managing debt page for a guide to repayment options and a list of organisations offering free advice and counselling services.