Having a budget can also help in your negotiations with creditors, as they will be able to see what you can/can't afford. Preparing a personal (or household) budget can help you plan your spending, and understand how much money you have available to pay off debt(s). Their template will even do the maths for you, so you can quickly figure out your budget surplus/loss. For example, the MoneySmart website has a budget planner that you can complete online (or download as an Excel spreadsheet). You can find many simple budget templates online. 17.1 Sample budget Tracking your income and spending habits You can also find useful samples and resources relating to debt on the Legal Aid NSW | Law Access website. We have also included case studies to give context to the samples provided. Always date your letters and keep a copy of the letter you send. You should insert your details and replace or delete any information that is not relevant to your situation.
You can use the following sample letters as examples of the type of letter you might write in each situation.
