Help SOA

WASHER

I would personally consider changing your mortgage to interest only payments for a while. You need to make up a shortfall, plus have some money to live off, according to the SOA you have a £20 emergency fund and a £20 entertainment fund, if you are anything like I used to be, that could have been withdrawn in a week from an ATM, you need to start a spending diary.

Your soa is very tight and doesn't leave much to have a life, repaying debts is difficult and can be stressful and with over £100k debt, you will find it stressful. You will need a treat every now and then. You need to think about what would happen if your washing broke down, you wouldn't be able to use a credit card (if you follow Tesco's advice), you need a decent emergency fund especially as you have and need 2 cars as you stated on your SOA.