How can I save myself money?

KazF

My balance is quite high on my TSB Trustcard but not up to the limit.
The interest is killing me-you know paying the minimum but interest etc works out more.

What is the best way to save money? Do I transfer my balance to a new card where interest is lower?

I will be in a position to pay 25% of balance by end of next month but want to know what is the best thing to do to save money.


Any ideas??

mary

To save money, possibly it would be a good idea to list your outgoings and see where your money is going, then decide if you really need it, or could live without it.

Otherwise what interest rate are you paying with your credit card?

KazF

I should have rephrased my Q better.

It is not a case of affording it, more the interest is rediculous if I do not pay back full balance.

Think the rate is 19.9% APR.

I was told if I tranfer balance to a new card I could save on interest.

Is this a viable option?

johnllew

I was told if I tranfer balance to a new card I could save on interest.

Is this a viable option?

Perfectly viable - there are loads of cards offering 0% on balance transfers.

Walletwatch

A good idea may be to apply for a set of 0% balance transfer 0% purchase cards that will just cover your outstanding on your existing card and transfer the balance to these cards. Then focus on making more than your minimum monthly repayments, and try and extinguish all your outstandings (if your focus is on bringing your debt down to zero levels)

zcaprd7

Apply for an Egg card and transfer the balance off your card onto it...

Once the initial 0% offer is over repeat with another card.

deemy2004

My balance is quite high on my TSB Trustcard but not up to the limit.
The interest is killing me-you know paying the minimum but interest etc works out more.

What is the best way to save money? Do I transfer my balance to a new card where interest is lower?

I will be in a position to pay 25% of balance by end of next month but want to know what is the best thing to do to save money.


Any ideas??

You apply for a new card which has an introductory 0% for balance transfers i.e. such as egg, halifax, mbna and about 50 others.

Then you balance transfer your debt there and thats it !

You will have started goign around the 0% mulberry bush !

paulcdb

Except when companies don't like you :P

deemy2004

Thats because you don't send them christmas cards :P