Getting Into Debt

The Major Issues:

Loss of employment; or reduction in overtime hours previously relied upon

Illness or bereavement without adequate insurance covers

Poor financial skills leading to:

  • Overspending on personal needs & wants
  • Over commitment to contractual obligations
  • Failure to budget or maintain a set budget
  • Grand gestures to family & friends

Spending based on future expectations that fail to materialise

Relationship breakdown

Gambling.