BalanceMayIssue2017 - 20

Work /life

Debt:

Apps
such as
Spending
Tracker
(free) helps
you keep
an eye on
your
outgoings
and stick
to a budget.

THERE IS A WAY OUT

Money can be a difficult topic to talk about at the best of times - and if you've racked
up thousands in debt, even harder. There is a way out, though, says Louise Donovan
hree years ago, Sarah Baptiste was
sitting in hospital with a fractured
spine and £10,000 worth of debt
preying on her mind. The two
weren't related (she'd fallen and slipped two
discs) but 20 years of juggling two jobs, missing

months, even years. In fact, the average
amount owed per adult is £6,372, up 5%
from last year, not including mortgages.
Living with personal debt can be draining
and emotionally exhausting, but it's the
everyday reality for too many. Which begs the

rent payments, lending money to partners and
spending frivolously had culminated in the
lowest point of her life.
'I'd been fiercely independent from a young
age - I never asked anyone for anything,' the
35-year-old Londoner explains.
Before this moment, Sarah had 'pretty much'
been living hand to mouth - the accident was
a huge turning point.
'I hadn't comprehended how serious
everything had become. Eight days in hospital
gave me a chance to think... and I said to
myself: "If you don't get help, you're going to
keep spiralling down this deep, black hole."'
Sarah's story isn't unique: 3.3 million of
us haven't been able to get out of the red in

question: why don't we talk about it more?
The 'stiff-upper lip' troupe surely shoulders
some blame, but there's an embarrassment
evidently brimming just beneath the surface.
Yet feelings of shame only exacerbate that
private, silent worry.

T

20

DEBT PERCEPTIO N
The way we treat money is often influenced
by the beliefs we've developed over the years.
'If you grew up poor, as an adult you'll do
anything to not replicate those feelings,' says
psychological therapist Emma Kenny. 'You can
develop fearful emotions towards money and
not really know how to deal with it - so you end
up spending everything.'

BALAN CE May 2017

CASH IN HAND
Rather than whacking
everything on the
plastic, withdraw a set
amount of money every
week and limit spending
to only what you can
afford out of that total
to curb impulse buys.



Table of Contents for the Digital Edition of BalanceMayIssue2017

BalanceMayIssue2017 - 1
BalanceMayIssue2017 - 2
BalanceMayIssue2017 - 3
BalanceMayIssue2017 - 4
BalanceMayIssue2017 - 5
BalanceMayIssue2017 - 6
BalanceMayIssue2017 - 7
BalanceMayIssue2017 - 8
BalanceMayIssue2017 - 9
BalanceMayIssue2017 - 10
BalanceMayIssue2017 - 11
BalanceMayIssue2017 - 12
BalanceMayIssue2017 - 13
BalanceMayIssue2017 - 14
BalanceMayIssue2017 - 15
BalanceMayIssue2017 - 16
BalanceMayIssue2017 - 17
BalanceMayIssue2017 - 18
BalanceMayIssue2017 - 19
BalanceMayIssue2017 - 20
BalanceMayIssue2017 - 21
BalanceMayIssue2017 - 22
BalanceMayIssue2017 - 23
BalanceMayIssue2017 - 24
BalanceMayIssue2017 - 25
BalanceMayIssue2017 - 26
BalanceMayIssue2017 - 27
BalanceMayIssue2017 - 28
BalanceMayIssue2017 - 29
BalanceMayIssue2017 - 30
BalanceMayIssue2017 - 31
BalanceMayIssue2017 - 32
BalanceMayIssue2017 - 33
BalanceMayIssue2017 - 34
BalanceMayIssue2017 - 35
BalanceMayIssue2017 - 36
BalanceMayIssue2017 - 37
BalanceMayIssue2017 - 38
BalanceMayIssue2017 - 39
BalanceMayIssue2017 - 40
BalanceMayIssue2017 - 41
BalanceMayIssue2017 - 42
BalanceMayIssue2017 - 43
BalanceMayIssue2017 - 44
BalanceMayIssue2017 - 45
BalanceMayIssue2017 - 46
BalanceMayIssue2017 - 47
BalanceMayIssue2017 - 48
BalanceMayIssue2017 - 49
BalanceMayIssue2017 - 50
BalanceMayIssue2017 - 51
BalanceMayIssue2017 - 52
BalanceMayIssue2017 - 53
BalanceMayIssue2017 - 54
BalanceMayIssue2017 - 55
BalanceMayIssue2017 - 56
http://europe.nxtbook.com/emp/Balance/BALANCE_MARCH_2020
http://europe.nxtbook.com/emp/Balance/BALANCE_FEBRUARY_2020
http://europe.nxtbook.com/emp/Balance/balancejanuary2020
http://europe.nxtbook.com/emp/Balance/BALANCE_DECEMBER_2019
http://europe.nxtbook.com/emp/Balance/BALANCE_NOVEMBER_19
http://europe.nxtbook.com/emp/Balance/BALANCE_OCTOBER_2019
http://europe.nxtbook.com/emp/Balance/balanceseptember2019
http://europe.nxtbook.com/emp/Balance/balancejuly2019
http://europe.nxtbook.com/emp/Balance/Balance_June_2019
http://europe.nxtbook.com/emp/Balance/balancemay2019
http://europe.nxtbook.com/emp/Balance/balance_april_2019
http://europe.nxtbook.com/emp/Balance/BalanceMarch19
http://europe.nxtbook.com/emp/Balance/BalanceFebruary19
http://europe.nxtbook.com/emp/Balance/BalanceJanuary2019
http://europe.nxtbook.com/emp/Balance/BalanceDecember2018
http://europe.nxtbook.com/emp/Balance/BalanceNovember2018
http://europe.nxtbook.com/emp/Balance/BalanceOctober2018
http://europe.nxtbook.com/emp/Balance/BalanceSeptember2018
http://europe.nxtbook.com/emp/Balance/BalanceAugust2018
http://europe.nxtbook.com/emp/Balance/BalanceJuly2018
http://europe.nxtbook.com/emp/Balance/BalanceJune2018
http://europe.nxtbook.com/emp/Balance/BalanceMay2018
http://europe.nxtbook.com/emp/Balance/BalanceApril2018
http://europe.nxtbook.com/emp/Balance/BalanceMarchIssue2018
http://europe.nxtbook.com/emp/Balance/BalanceFebruary18
http://europe.nxtbook.com/emp/Balance/BalanceJanIssue2018
http://europe.nxtbook.com/emp/Balance/balancedecember2017
http://europe.nxtbook.com/emp/Balance/balancenovember2017
http://europe.nxtbook.com/emp/Balance/BalanceOctober2017
http://europe.nxtbook.com/emp/Balance/BalanceSeptIssue2017
http://europe.nxtbook.com/emp/Balance/BalanceJulyIssue2017
http://europe.nxtbook.com/emp/Balance/BalanceJuneIssue2017
http://europe.nxtbook.com/emp/Balance/BalanceMayIssue2017
http://europe.nxtbook.com/emp/Balance/BalanceAprilIssue2017
http://europe.nxtbook.com/emp/Balance/BalanceMarchIssue17
http://europe.nxtbook.com/emp/Balance/BalanceFebruaryIssue2017
http://europe.nxtbook.com/emp/Balance/BalanceJanuaryIssue2017
http://europe.nxtbook.com/emp/Balance/BalanceDecember2016
http://europe.nxtbook.com/emp/Balance/BalanceNovember2016
http://europe.nxtbook.com/emp/Balance/BalanceOctober2016
http://europe.nxtbook.com/emp/Balance/BalanceSeptember2016
http://europe.nxtbook.com/emp/Balance/BalanceJuly2016
http://europe.nxtbook.com/emp/Balance/BalanceJune2016
http://europe.nxtbook.com/emp/Balance/BalanceMay2016
http://europe.nxtbook.com/emp/Balance/BalanceLaunchEditionApril2016
http://europe.nxtbook.com/emp/Balance/Balance2016
http://europe.nxtbook.com/emp/Balance/BalanceNov
http://europe.nxtbook.com/emp/Balance/Balance
https://www.nxtbookmedia.com