Help with Financial Problems? Debt free in 7 steps


Do you need help with financial problems quickly? Are you in debt and want to solve your money problems yourself, but you don’t know how? We have made a step-by-step plan for you to become debt-free in 7 steps:

  1. Stop the emptying
  2. Sell ​​stuff
  3. Analyze your expenses
  4. Reduce expenses
  5. Create responsibility
  6. Take a new attitude
  7. Increase your income

Below we go through all the steps in detail with you. We have also worked out all these steps in an infographic that you can save or share. We hope to help with this. Good luck!

1. Stop the emptying

Your financial problems have arisen somewhere. In practical terms, more money has been spent over a period than has come in. Chances are that this is still the case. The longer this continues, the deeper you will end up in debt. It is therefore important that you stop the excessive draining of money as quickly as possible.

The interest on your credit card accounts can be higher than on regular payment accounts. Consider transferring (if possible) money from your regular accounts to your credit card account (s). By transferring your debt to an account with a lower interest rate, the interest costs are lower every month.

And now comes the daring action: literally cut out all your credit cards that you have ever purchased to be able to spend extra money. Why? They will only get you in trouble for the time being; away with it! If you are debt-free again in the future, you can always consider applying for the cards again. If you want to continue paying with a Mastercard, choose a card without credit such as N26.

2. Sell stuff

We all have valuable things in the house that we hardly use anymore. You have even completely forgotten some valuables. It would not be so bad to sell it. Think of old jewelry, antiques, fur, old-timer cars, motorbikes or boats. See them as material help with financial problems .

Then schedule a day to take pictures of everything and put everything on Marktplaats. You can also load everything into the car and take it to a thrift store. Jewelry is best sold at a jewelry store or pawn shop such as Used Products.

Mind you, it is not nice to sell stuff that you are attached to. Only do this if it really generates good money. Then collect the money that the items have brought you, and pay off your debts as well as possible.

3. Analyze your expenses

money expenses

If you really want to solve financial problems, then you also have to dive into the papers. Collect all your digital statements from the past 12 months and print them out. After you have logged in to the website of your Ántonia Shimerda you can often select, export and download a time slot as an Excel file.

Now look carefully when you do the usually large expenses and at which company. Put these dates in your agenda as a recurring appointment for yourself and give the appointment a warning title. An example:

Spend too much money on the Bijenkorf on Saturday and Sunday, for example, mark ‘ NO Bijenkorf ‘ every weekend.

You can also stick small writable white stickers on your debit card on which you write: NO Beehive. It sounds childish, but these kinds of reminders will really help you remember to stop making unnecessary arrivals.

4. Reduce expenses

You know the statement ‘A better environment starts with you’. In the situation of financial problems you really have to work on yourself. The values ​​that you attach to life are reflected in your spending pattern. You can change this spending pattern forever by tackling it at the source: yourself.

So you have to start thinking differently about material things. For example, buying a new jacket or watch every month is unnecessary. You have to make this thought your own. Now put all these old values ​​overboard and replace them with the new super value: being debt-free .

5. Create responsibility

Be strong now and identify yourself as the boss of debt-free. It is your responsibility to achieve this new goal. Let your best friends and family know.

By informing them, you ensure urgency and a sense of responsibility with yourself. See them as an audience for which you perform this positive show; and of course you don’t want to fail for your friends and relatives.

Also give them the space to help you remind you to adjust your spending pattern. They will occasionally look at you and criticize you. This is all meant positively, so don’t get angry. Respond with ‘thanks for the reminder’ and stop your impulsive purchase. Don’t try to ask them for financial help.

6. Take a new position

While being responsible, you will slowly change to a calmer person. Don’t think that you miss all kinds of important things now that you make fewer purchases. This is just right. See it as getting a rest in your head.

Being debt- free means being free and secure . Write these words down somewhere and stick them to places in the house that you often encounter.

7. Increase your income

increase income

Now that you’ve done everything to lower your debts, it’s time for the final step, increase your income. This sounds difficult and even impossible for some. But it certainly isn’t. With your new positive attitude you will also come across more calmly to others, and you need that in this step.

Are you unemployed? Then actively look for a side job or start as a freelancer. Brainstorm with acquaintances about your strengths and opportunities on the market. Take a strong position towards the outside world and be convinced of your cause.

If you have a job, request a conversation with your boss and propose a (small) wage increase. Of course, give good positive arguments that focus on the well-being of the organization. If there is no wage increase, you can propose to pay overtime. In busy times this can even be very pleasant for your boss.

Solving financial problems with professional help

You can easily solve financial problems yourself if you have discipline and your situation is not too worrying. If it is difficult for you to solve it yourself, there are agencies that can help you resolve your debts.

We have listed some agencies and resources for you where you can find more valuable tips and background information:

  • WSNP (Natural Persons Debt Restructuring Act): if you are in a very hopeless situation, you can be included in a debt restructuring scheme by the WSNP
  • Central government: more about applying for legal debt restructuring and everything about the possible approval or rejection thereof.
  • Ondernemersplein: for everyone who is self-employed and who is personally liable for money problems such as debts that he / she can no longer pay off.
  • Case law: Here you can read more about bankruptcy applications and you can download the necessary forms.

Debt repayment alternative help quickly

As part of debt restructuring you can consider transferring the debts that you have with different parties to one large loan with a single party. In fact, you borrow a new large amount to redeem all other debts. You then have a well-arranged loan (debt). What are the advantages?

The biggest advantage is that you can take out a new loan at a lower interest rate. Suppose you have different creditors where the interest rates vary between 8% and 10%. These interest rates were current 5 years ago and then in line with the trend in the financial markets.

Nowadays, the loan rates are low (around 4%), which means that you can borrow considerably cheaper. Your monthly costs are adjusted downwards. In this case, assistance with financial problems can consist of buying off old debts.


If it appears that it is impossible for you to repay your debts yourself, bankruptcy may be an option. You just don’t want to do this, especially when you are personally liable. In that case you can best buy off debts against final discharge.