Andrew is in debt.

He has few living costs, but his outgoings are larger than his income.

He is paying back the loan from his parents, but not his credit card, so he’s getting further into debt each month. He will be charged high rates of interest too.

Andrew could end up in very deep debt if he continues as he is.

Things that could help Andrew improve his situation:
• Cut back on non essential spending (e.g. clothes, TV, gym).
• Sell his car to help pay off his credit card debt.
• Ask his parents if he can repay his loan when he completes his training.