If you’re planning on expanding your family by having children sometime in the future, you’d be wise to ensure any debt issues you have are addressed before you start planning.
An annual survey from LV= shows that the cost of raising a child from birth to the age of 21 can be anywhere around £201,000. That’s £9,610 a year, £800 a month or £26 a day!
So you can see why it’s important to get your finances in order now. There are a number of ways to manage your money depending on the amount of debt you have to ensure your financial situation is in a healthy condition for when the new addition to the family comes along.
It could be a matter of just tightening your belt by budgeting more efficiently or shopping around to make sure you’ve got the best deal on your credit card, mortgage or savings. In addition, you could register for online banking so you can monitor your day to day finances instead of waiting until the end of the month to reconcile your bank statement.
However, for others with more severe financial difficulties, it may be that you require a formal debt solution to help you on the road to financial freedom and let you save for the future. This is where we can help.
These debt solutions have helped thousands of people turn their debt around so that they can plan their future without debt worries.
* LV= stats taken from Credit Action – July 2010