Do you suddenly have less income? There are various reasons why you have less income at a certain moment. You may have to work fewer hours at work. Or perhaps you have completely lost your job. These days we see it all too often in the Netherlands. But what do you do about it? Not enough according to Dunmib. Research has shown that homeowners and employees take late and insufficient action if they suddenly have less income.
Not enough money?
Yet people themselves think that they are doing well in a situation with less income. That’s because they underestimate their situation. In the meantime, they think their actions have enough effect. The Dunmib, for example, finds that many people who are in debt do not or hardly change their behavior. They live on the same footing, while they don’t have the money for it. Payment arrears are not addressed or are not addressed sufficiently. We therefore see an increase in the number of Dutch people with debts. And it’s not just about the lower layers of the population. Also, more and more people from higher income groups do not respond well if they have less income.
Those who do not respond on time if they have less income will end up in debt counseling. 49 percent of the registrations come from employees. The percentage of homeowners in debt counseling has also risen, and now measures 14 percent. And that worries Dunmib. Because in the past, the agency mainly saw people on low incomes or receive benefits from debt counseling. But nowadays there is an increasing percentage of homeowners that suddenly have less income, while the mortgage is sky high.
Dunmib advises: keep records. In this way you can clearly see what is being spent and what is coming in with a lower income. You can then easily cut in the expenses and save in this way.
Less income? A mini loan can help
Do you temporarily have less income and can you not save further? Then see if a mini loan can offer a solution. You then borrow a small amount to bridge a difficult time, and pay back later. This way you can possibly deal with a situation of less income.