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Comments

  • catznine
    catznine Posts: 3,192 Forumite
    I've been Money Tipped!
    :T Well done Mrs Mug!
    Our days are happier when we give people a bit of our heart rather than a piece of our mind.

    Jan grocery challenge £35.77/£120
  • crossleydd42
    crossleydd42 Posts: 1,065 Forumite
    Bravo!

    If you need a bit of encouragement to continue and haven't already seen it, look at Southern Scouser's debt diary:

    http://forums.moneysavingexpert.com/showthread.html?t=169003
    "Some say the cup is half empty, while others say it is half full. However, this is skirting around the issue. The real problem is that the cup is too big."
  • Johnhowell
    Johnhowell Posts: 692 Forumite
    Part of the Furniture 500 Posts
    littlestar1981 wrote:
    Current Debt 15/08/06

    Visa 1 - £7259.09 (at 22.9% interest!!)
    Visa 2 - £2821.21 (at 14.9% interest!!)

    Littlestar1981,

    What is the credit limit on these two visa cards? Can you transfer some out of Visa 1 to keep the lower interest rated Visa 2 maxed out whilst double hitting Visa 1?

    Say the limit on Visa 2 is £3000, so transfer £180 from Visa 1. Next month pay the minimum on Visa 2, whilst paying the maximum Snowballing amount on Visa 1. Then transfer the Visa 2 minimum from Visa 1 to Visa 2. A bit of shuffling around each month, but may help get rid of 22.9% earlier.

    Regards,
    John
  • Luckystepho
    Luckystepho Posts: 353 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Wow! Well done you- what an amazing start!! :T
  • postingalwaysposting
    postingalwaysposting Posts: 13,987 Forumite
    well done mrs mug :j all done in very dfw fashion, you should feel very proud of yourself :D
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