I think mental health and financial health are linked. People in debt are more likely to drink, abuse drugs and there is a distinct correlation between high debt levels and increased risk of depression and relationship breakdown. Have I missed anything?
Kevin Sullivan
“I think mental health and financial health are linked. People in debt are more likely to drink, abuse drugs and there is a distinct correlation between high debt levels and increased risk of depression and relationship breakdown.
Have I missed anything? ” I agree with you. Can give some piece of advice on how to be debt-free?
redstone
Of course. I would simplify into 5 easy steps. The above steps are solely a basic guide. The Path to Debt Freedom is specific to your circumstances. If you have any difficulties, please let me know and I will try and assist you as best as I can. Thanks Kevin Sullivan
“Of course. I would simplify into 5 easy steps.
Step one - Income - The first thing I would do is to write down what you receive in terms of your Income (Wages, Universal Credit, Benefits, Tax Credits, Pensions etc). So basically all the money that get paid IN to your bank account and work out the total. Step two - Outgoings - write down your Essential outgoings (Mortgage, Rent, Council Tax, Water, Gas & Electricity, Car Insurance, Food, Clothing etc) and then work out the total. Step Three - Affordability - is to work out the difference between your total Income Minus your total Outgoings. This will tell you how much you can afford to pay. Step Four - Total Creditor Balance - write down all your creditors, their balances and then total them up. Step Five - Debt Free Time - Divide total creditor balance (step four) by affordability (step three). This will tell you realistically how long will take to get you debt free in MONTHS. The above steps are solely a basic guide. The Path to Debt Freedom is specific to your circumstances. If you have any difficulties, please let me know and I will try and assist you as best as I can. Thanks” Thanks for your helpful advice! I will work hard for it. redstone
Its a pleasure to help. If you prefer to speak, please PM your details or call me on 01612410515 for free, impartial and confidential debt help. Thank you Kevin Sullivan
It definitely can be the case, although I've been happy poor and unhappy rich. I do think mindset is a huge part of it. But the overhanging pressure of debt isn't pleasant. I'm glad I'm debt free. Thanks, Rebecca CV and blog writer Pay for Precision | Saving you time by writing you kick-ass blogs and CVs. |
Recent Posts LinkedIn data risk - change password 3 comments can some one help me with promotion strategies of my business social media? 7 comments  Weetabix showed us what Twitter was meant for! 5 comments Debt and Mental Health 5 comments  How to help other businesses for free! 6 comments  Six Ways to Master Social Media Before It Masters You 3 comments  Do you know how to use LinkedIn? 1 comments  How often should you post on social media? 9 comments  What's your favourite Social Media platform and why? 13 comments Social Media Marketing Services : Oodlesmarketing 2 comments  If you run a business - then promote yourself!  Up-to-date Social Media cheat sheet 1 comments  Google Plus - Kaput! Au Revoir Google Plus 3 comments  Starting Social Media Campaigns from Scratch 20 comments Useful content to help your social media marketing 1 comments |
