Until you have a good understanding of your finances and how much money you need to cover your essential bills, it’s much harder to think of solutions or find support.

Income vs outgoings

Working out how much income you have each month and comparing that to your outgoings, or how much money you have going out for bills, food or similar, will help you to work out how much disposable income you have. Disposable income is the money that you can use for treats and to repay any bills or debts.

Understanding your disposable income will help you to develop a repayment plan. The repayments should first be used to pay priority bills, which are those that mean you will lose something if you do not pay them.

Find support from a trained financial advisor

If you do not have enough money to cover your outgoings or need help managing your money, visit the Leeds Money Information Centre to find support from a trained financial advisor.