DebtWizard top 10 tips

1. Never borrow more than you can afford.
2. Do a budget wizard; learn to live within your means.
3. If you have a problem re-paying a loan then speak to someone sooner rather than later.
4. Borrowing can be expensive so think very hard before you commit yourself to a loan, look at the amount per month you have to pay and check the total amount paid back of the loan, this includes interest, all admin charges and any insurance.
5. Sometimes it’s better to ‘save to spend’ rather ‘borrow to spend’.  
6. If you have a mortgage why not think about fixing this on a low interest rate.
7. Avoid borrowing on credit cards as this is a very expensive way of doing so.
8. When you are thinking of buying something ask yourself, 'how am I going to pay for this?', 'what is the cheapest way of doing this?'
9. It is not a race to see who can get to the credit card limit the quickest, make the credit card work for you by paying the balance every month, that way you will not pay any additional costs but get purchase protection under the card.
10. If you don't need it, can't afford it then don't buy it!

The DebtWizard motto;  'live your life within your means, not the lifestyle of your dreams'