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Please help with some debt advice....
Comments
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Can you please help us understand what you are really spending on things, as otherwise we can't advise you properly.
Ok, the holiday fund is spending for during school holidays I guess, because we dont actually have holidays away.
Emergency fund is boiler policy, and repairs.
And other child expenses is a drama group that one child belongs to, occaisional swimming, and some pocket money.
Groceries is everything - toiletries, cleaning stuff, pet food too."Thou shalt not forget that money is only money and not character or fame.”
Steven J Lee
LBM June 2010 - total debts £[STRIKE]32,876 [/STRIKE]:eek:
June 2019 debt £19,446
40% paid...(£13,430)
'Long Haul' - chipping away slowly but surely..0 -
BringtheStoneshome wrote: »I would take the advice being offered to you about approaching debtors. However, if your house is worth £160,000 and your mortgage is worth £98,000 then you do have this as a fall back plan.
Look at the options of not selling your house but, if all else fails, then sell it. ...We all try to hang on to material possessions too much believing they bring us happiness. Ultimately it is your kids and their security that will bring you the most happiness not a house.
Good luck with it all
BTSH
Thank you for the very good advice. I will remember i have that to fall back on but I do not think i could afford to rent in my town."Thou shalt not forget that money is only money and not character or fame.”
Steven J Lee
LBM June 2010 - total debts £[STRIKE]32,876 [/STRIKE]:eek:
June 2019 debt £19,446 40% paid...(£13,430)
'Long Haul' - chipping away slowly but surely..0
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