So I’m writing this on behalf of my mum. She’s been a single parent and had a rough deal in life. Divorced in 2004 with 2 young kids, dad left to another country and never paid a penny for anything.
Mum has little education and has been a secretary all her life.
Ok so that’s the background - now she’s gotten herself in a little mess and I want to try and help her out of it but I don’t really know what to do.
She has around £10k worth of CC debt. Earns £29,200 p/a gross. £450 mortgage per month. -DD and bills inc mortgage comes to arund £1,300 per month. Leaves her with about £500 for the month.
This is all eaten up by overdraft fees. She’s £1,500 into overdraft with no hope of getting out.
Always struggles every month with money (I give her what I can but she sometimes refuses to take money from me, I’ll usually do the food shop to take away that burden though).
How can I help her get out of the overdraft and reduce the CC debt??