27 April 2026
How to Get Out of Debt on a Low Income
If you’re struggling with debt, you’re not alone. Across West Sussex, Surrey, Kingston, North Hampshire and Berkshire, many people are feeling the pressure of rising costs and stretched budgets.
The good news? There are practical steps you can take even on a low income to regain control and start moving forward.
Understand What You Owe
Start by listing:
- Your debts
- Minimum payments
- Interest rates
It might feel uncomfortable, but this step gives you clarity and helps you take control.
Create a Realistic Budget
A good budget should work for real life.
Focus on:
- Essentials first (rent, food, bills)
- A manageable amount for debt repayments
- Small, sustainable changes
Consistency matters more than cutting everything out.
Prioritise High-Interest Debt
If you can, focus on paying off debts with the highest interest rates first. This reduces how much you pay overall and helps you make progress faster.
Avoid High-Cost Borrowing
When money is tight, quick credit can seem like a solution — but it often makes things worse.
Instead, consider safer alternatives like credit unions, which offer fair and affordable lending.
At Boom Community Bank, we support people across Surrey, West Sussex and beyond with responsible, community-focused finance.
Get Free Help
You don’t have to do this alone.
Free support is available from organisations like:
They can help you build a plan and speak to creditors if needed.
Take Small Steps Forward
Getting out of debt takes time but every step counts.
Even small actions today can lead to a more stable financial future.
