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If your debts are mounting (1) and your financial problems are weighing you (2) ,
the first thing to do is to stay calm. Sizing (3) your financial situation - however painful - is far
better than just ignoring it. The next thing to do is to make a financial plan.
At the top, write down your total monthly income. Then make a list of all your monthly outgoings. Break these
outgoings (4) into essentials (such as electricity bills and food) and luxuries (such as nights
out). Cross the luxuries off - there's no more of them for the time being - and take your essential outgoings
(5) from your income. The amount that's remaining is the amount you can afford to pay
(6) to your creditors each month. Most credit card companies are willing to accept payment
in instalments as they know that if you - and they - just let the debt build (7) indefinitely it will
never be paid off. If your essential expenses add up (8) more than your income, then your
situation is more serious and you'll have to consider drastic action either to increase your income or reduce
the amount of money you have to pay (9) each month on essentials.
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