In all sytems, we learn in Physics there are rules about in and outs and clear and defined Laws of Thermodynamics which govern movments of matter in an environment. These same rules may be applied to personal finances.

Hence looking at the first, and most accessible law :

In any process, the total energy of the universe remains constant

Apllied to your personal financial situation this demonstrates that the amount of money swilling around your coffers is likely to remain the same, hence it is important that you balance out your expenditure with your income in a simple manner.

Step One :

• create a spreadsheet with all of your monthly outgoings on it such as
• Work out exactly how much your set expenses are oon a monthly basis, ie council tax, mobile phones, electricity, gas, broadband, rent/ mortgatge, petrol/ diesel, nursery, insurance, clothing, etc
• Then you will see quite clearly what you have reasonably left over each month.

Then you should set about cutting down the outgoings as much as possible, look at ways to reduce your bills by renegotiating with your suppliers, cut down on the curries. Soon you should see your available income increasing and you can put more and more of it aside to reducing your debt burden.


It is not rocket science, it just requires some self control and foresight, but then again, if you had these qualities you wouldn’t be in this mess in the first place.