Wellbeing Guide from Police Mutual Debt
Your financial wellbeing is just as important as your physical and mental wellbeing, so it’s important to
find time to effectively manage your money. Money worries are not just a financial problem they can cause relationships to end, people to lose homes and families to break down. People from all walks of life can end up in debt for many different reasons, divorce, redundancy, ill health, bereavement. It’s not always easy to talk about money worries but if you’re struggling financially it’s important to take action. If you’re worrying about money there are things that you can do to get your finances back on track. Not everyone is financially comfortable in their retirement. Not having sufficient funds in retirement can contribute to feelings of social isolation and loneliness. However, retirement is the perfect opportunity to review your financial situation.
Understanding your debts and how much you’re paying back is important. No debt problems are unsolvable and the earlier you deal with them the easier they are to deal with.
Do you have a Debt problem?
• I find myself using my credit card for essential purchases, like food and bills
• I’m constantly worried about managing my money
• I’m behind on my mortgage and can’t catch back up
• I am struggling to manage even the minimum payments on my credit card
• I’m being contacted about unpaid bills or missed payments
• I’m relying on quick fix short-term loans
• I’m borrowing from friends or family.