6. Boost your income

After you’ve cut all you can, it’s time to start boosting your income.

• Check you're receiving every tax credit that you might be entitled to.

• Turn your household clutter into cash by selling old items on eBay.

• Rent out a spare room or a car parking space if you live near a station.

• Make money online - whether it be paid surveys or mystery shopping, there are plenty of ways to make money online. Have a look and see what would work for you.

Use any extra income to pay off priority debts before increasing loan repayments or credit card repayments.