When the letterbox is filled with bills and letters from debt collection companies, it is easy to lose track and focus on small things that seem manageable. Many people also get letterbox scares and stop opening the letters that arrive.
It's easy to think there's no solution anyway, and feel like you're in a financial crisis that can never be resolved. But it is possible to clean up the economy, to get an overview of the situation.
Make a simple overview of your finances and seek proper financial advice.
Then you set up a simple overview of the most important income and expenses you have each month, such as:
On the expenses side, it can be good to distinguish between expenses you have to live, and expenses to pay on loans and credits.
Usual living expenses:
Loan costs can be divided into two, interest and installments. First, get an overview of who you owe money to, and then how much you pay each of these each month. If you are unsure, you can check at Gjeldsregisteret.no, although this will not list mortgage debt or all smaller items.
With this information, you now have what you need to get an overview of your financial situation. If you have higher expenses than income each month, it is a situation you should try to change through lower consumption or higher income if possible.
If you find it difficult to find all the information You can contact us and we will try to help you. We can also help you compare your situation with what an ordinary person or family would normally have in terms of expenses in Norway. We will also give you tips on how you can get a new and better financial situation.
This article is part of the Financial advice category, a collection of articles that deal with topics related to personal finances, such as family, children, lifestyle, work, home and housing, car and motor, cottage and leisure, life changes, savings and investment. Read more about Financial advice