Take Advantage of Offers

There are so many offers in supermarkets nowadays, but it is important that you choose wisely.

Think about the purchase and don't just put it into your trolley because it is a BOGOF (Buy-One-Get-One-Free). The best debt free tip is to find items which have a long lasting sell by date or ones that you can store and use at a later date. Here are some examples of how to make the most of your frugal food budget:

• Toiletries such as shampoo and conditioner, shower gel, tooth paste.
• Cleaning products.
• Freezer food.
• Canned goods. 

Always think about whether you will use the item and don't forget about them once you have stored them away.

Offers to avoid are things such as fruit, vegetables or fresh bread, items that have a limited shelf life and you think you might not use them. If the offer is too good to refuse, think about splitting the cost with a friend or relative. That way you both get the item for half price and there should be less wastage. 

Entering into an IVA may adversely affect your credit rating for up to six years from the date of approval.

Your property will be protected within an IVA but you may be required to release all or part of any equity during the period of the arrangement.

Failure to complete the term of an IVA can result in bankruptcy.

(In Scotland, a PTD is the equivalent to an IVA.)