Spending

Citizens Advice South Lincolnshire advises you on how to get your spending habits back on track in 2022

Citizens Advice South Lincolnshire answers your questions every month.

This month, the question is: I keep seeing on the news that my bills may soon go up. This makes me really worried, especially since I spent more on Christmas than I should have. How can I get my spending habits back on track in 2022?

And the answer?

Advice for South Lincolnshire Citizens

A lot of people are going to be asking this question right now. The good news is that there are many things you can do to better control your money and better prepare for the future.

First, find out exactly how much money you’re getting in and out of each month. Be realistic about what you need for essentials like food and travel. Then you can set yourself a budget that you can stick to. If any of your bills increase over the coming year, you can return to our budgeting tool (available on the national Citizens Advice website-www.citizensadvice.org.uk) at any time to create a new one. plan and stay in control.

You must also ensure that you receive all the income to which you are entitled. Use the income checker on the national Citizens Advice website to see if you could get more support, such as benefits or government grants. You can also use it to make sure you’re being paid the right salary.

The benefits calculator on the Citizens Advice site
The benefits calculator on the Citizens Advice site

If you’ve used credit cards, overdraft, or store cards for spending, it’s understandable that those debts cause you concern. It is important to prioritize paying your rent or mortgage, as well as energy bills and council tax. Not paying them has the most serious consequences. We can help you figure out which bills to pay first if you need help and our advisors can help you budget and maximize your income if you have trouble accessing any of the online tools mentioned. .

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Once you’ve planned how to pay your priority bills, the budgeting tool can help you plan how to pay off credit cards, overdraft fees, and store cards.

Everyone’s situation is different, especially when it comes to managing personal finances.

If you need more specific support or if you feel unable to manage your situation on your own, call Adviceline on 0808 278 7996. You can also call the National Debt Helpline on 0800 240 4420.

We’re here to help you find a way forward.