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bargainbetty

If your holiday is in August, and you cannot reduce your expenditure for this, then I would just recommend in September you starting throwing your £550 per month at the debts - you would clear the sofa in two months (with all the £60s till then) and you could then work on the credit card and your loan from your Dad.

You could save some money by reducing your grocery spend and entertainments - there are loads of cheap/free things to do with the family that could reduce your expenditure.

Good luck x

andys15

bargainbetty wrote: »

If your holiday is in August, and you cannot reduce your expenditure for this, then I would just recommend in September you starting throwing your £550 per month at the debts - you would clear the sofa in two months (with all the £60s till then) and you could then work on the credit card and your loan from your Dad.

You could save some money by reducing your grocery spend and entertainments - there are loads of cheap/free things to do with the family that could reduce your expenditure.

Good luck x

I might leave the sofa as its 0%, and only 60 pound a month. I was thinking paying my Dad more with that 550, as yes it is 0% too, it is a fifth of our monthly take home. But then I was thinking of hitting the credit card as it is again 0% but only for 15 months

chivers1977

I would be paying it towards the loan. You could get it paid off really quickly and then would have an extra total £1000 to throw towards your other loan. THis would mean that you would be loan free within 15 months of making the overpayments and then have £1300 to throw at the interest free debts per month.

I tried to paste the snowball into the screen but failed. Heres the link http://www.whatsthecost.com/snowball.aspx