In the case of overextension, you can set-up an orderly repayment plan between you and your creditors.
Anyone requiring debt management will be asked to pay a small monthly fee to partially cover expenses. Fee may be waived in hardship cases.
Spending limits must be realistic
Make the budget a family project. Everyone must be involved in order for it to work.
Know your priorites. Allot enough income for the essentials (shelter, utilities, food, medical, savings).
Make your spending habits consistent. Large expenses should be pro-rated over a period of time.
No more than 25% of your monthly income should go towards installment debt – credit cards, loans, car payments, etc.