Keeping up rent or mortgage payments can make the difference between keeping your home or losing it.
If you are just about to set up home it is worth thinking carefully about what you can afford first.
As well as working out how much rent or mortgage you can afford, remember to think about the extra costs. These include:
- Council Tax
- TV licence
- Gas, electricity, water or other fuel
- Repairs or decorating
Remember you can use the Money Advice Service budget planner to make sure you are on track.
Once you are in your home, it’s important to make sure that the money you have coming in covers all the bills, with enough left to live on.
If you are ever having any problems paying your rent or mortgage you should get some advice straight away, you can get help from the housing debt helpline wales – when you speak to an adviser on the helpline they will work with you to put together an action plan and find a solution to your rent or mortgage worries.