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New here!! SOA added... please help!
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If you do target the OD first, then try to make the minimum payment + the amount of the interest charge to the CC - that then means that at least the whole amount you're paying in the min charge will come off the balance. Makes a surprising difference. So, if you minimum payment was £50, and the interest £14, you'd pay across £64.00
Can you bring your mobile costs down a bit? Whilst for 2 people £40 a month isn't that high, everything you can save will help. Obviously that will only be any good if you're on PAYG or not locked into a monthly contract.
£15 per month each for haircuts? Can that be reduced?
When does the interest free run out on your Tesco card? I took mine in about October last year and they were offering 14 months interest free on balance transfers at that point. I assume you haven't made any purchases on that card? And are your cards now cut up as you said yesterday?!
Assuming that the whole balance on the Tesco card is still at 0% then that one can stay on minimum payment for sure, just make sure you make yourself a calandar reminder for when that will expire as you'l need to be thinking about either a BT to another 0% card, or a payment plan to then reduce that ASAP. 🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25
Balance as at 31/08/25 = £ 95,450.00. Balance as at 31/12/25 = £ 91,100.00
SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0
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