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Its going to be tough but I can do it
daddyhappy1974
Posts: 2 Newbie
Hi everybody i am new to this site, i am in debt and desperate to change my ways to give myself a brighter future i am feeling quite low at the moment and my self esteem is low, my debts are around £8,500 which is high but not high as some, I am looking for advice but also to hear peoples opinions/ and any help you may be able to offer.
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Just wanted to say hi & welcome.
You can do this.
Just keep reading & you will pick up lots of tips.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
Hi, I'm fairly new to the site and have massive debt problems too, I've read loads of posts and received lots of good advice already.
I was advised to fill out a SOA and found it really helped.
http://www.makesenseofcards.com/soacalc.html
I've started snowballing my debts too and feel much happier and much more confident about dealing with my debt problem. It was really starting to get me down.
Good luck0 -
You've come to the right place for great advice where no-one will judge you for the mistakes that you've made.
Post a soa and people more qaulified than me will give you great pointers on where to cut back.
The best advice I can give you is even the smallest of savings really do count towards the bigger problem, it might seem like you're not getting anywhere but suddenly you're debt will start dropping by noticeable amounts.
Good luck and keep your chin up - things will start to improve2013 - Finally got the house we' ve worked so hard to get......now it's a life of diy and no money....couldn't be happier 😊
2020 - mortgage free target set 8 years and counting 🎯
Even the longest walks start with one small step....get your boots on.0 -
whats snow balling?21k savings no debt0
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whats snow balling?
Snowballing is a more efficent way of paying your debts. Generally you should attempt to pay off the debts with the highest interest rate first although I prefer to pay the debt with the smallest balance first to get rid of the smaller debts quicker.
http://www.whatsthecost.com/snowball.aspx0
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