slippery slippery slope

moneymuddler

i really thought i was doing well -after my big confession two years ago when i had to admit that i was over £30,000 in debt to my dh we remortgaged i swore never again and now i feel that i am on my way back there .... all i want is to have no debt ,some savings and to start paying small amounts extra on my mortgage..sounds easy!!! i seem to be my own worst enemy i now owe-
£300 overdraft
£3600 cc
£50 cat
£120 next
£120 cat
its making me feel sick ....so what now? need to pay these off asap,
need to really tackle my spending issues..back to sleepless nights...:eek:

youngie

throw the catalogues out so you are not tempted to spend any more. cut up the credit card for the same reason.pay off as much as you can afford each month keep reading this site for tips on saving money ,every time you save some money by using coupons etc put it towards paying off your debts

moneymuddler

thankyou just feel so useless and worried!!! why does it have to be soo hard and why is spending such fun blub x

whatatwit

Is there anything you can sell on Ebay or Amazon?

I agree with Youngie, get rid of the catalogues. I won't have another as i know how easy it is to buy stuff.

Are you paying interest on the catalogues & the Next, if so, then you need to get rid of these ASAP.
Just by getting rid of and closing the accounts one at a time, you will feel loads better.
If you see a post by ImmoralAngel, have a look at her sig, she has tackled the highest rate debts and crossed them off.

moneymuddler

mm thankyou for your replies this time i want the satisfaction of knowing i have paid them off so im def gonna do it! will look around and see what i can sell at least ive done all my crimbo shoppin (thanks to vouchers)

TTMCMschine

moneymuddler,
we've all been there, but I can assure you that there is nothing more fun than seeing your bank statement showing a healthy cash balance & watching it grow nicely. I cleared my debts, have invested the money & now have a quite a nice pile of cash. It knocks spending money into a cocked hat.

Part of my investing shennangians are on the credit card stoozing board.

tiff

At least your credit card and car are on 0% for a good while yet. You really need to cut back on what you spend, every time you pick up a new top or something ask yourself if you really need it or do you really need to pay off your debt. Its working for me, I've hardly spent anything this month at all, its hard but the result is my overdraft will be reduced this month by a small bit and thats including spending on Christmas presents which hadnt been budgeted for.

moneymuddler

all catalouges in the bin....had phone call from my cc company offering me a low interest loan to pay off my cc(even tho its 0% until sept!) there was a time i would have taken that so i guess i have improved a bit!