Increasing Your Income

If your total monthly essential outgoings are more than your income, then you will need to increase your income. Here are some suggestions how:

• If you are living with other adult family members (including children), make sure that they are contributing enough towards the monthly housekeeping.
• Take on a second job in the evening or at week-ends.
• Expand a useful hobby like woodworking or painting into a small money making enterprise by selling some of your best work.
• Consider increasing your overtime working.
• If you are not claiming child support from a previous partner, check if you are eligible to do so.
• If you are off sick, unemployed or have been made redundant, your loans may be covered by insurance.
• Check to see if you are entitled to any government benefits.
• Make sure that you have the correct tax code and that you are claiming relevant work-related expenses.
• Take on a tenant if you are able to do so.
• If your home belongs to you, by remortgaging, you may be able to release some or all of its value. There are companies designed especially to help people with poor credit ratings, so seek their advice.