Unnecessary spending must stop...

Addicted_to_Spending

Hi Everyone,

I've lurked around the site reading forums etc for years and thought i was sensible with money but it turns out..i was very wrong! Since i moved out of my parents and into my own home with my OH 5 years ago it's all gone a bit downhill. I seem to spend on irrelevant things i don't need (magazines, lunch, parking to name a few!) but now i want to start living outside of the overdraft - i am constantly in it these days. Also it's leading to unneccessary rows between me and OH where (unfortunately) he is right and it's my spending that is making our situation worse. This month i was unable to spend as i lost my bank card, as a result i am now in the plus and have money left over from my pay (never happens!) my question for you is this-which debt to tackle first? I have 3 in sight for now: 2 overdrafts, totalling £350 and one Credit card which is for £1300. I also have a loan of around £15000 i'd like to start saving to pay off but am assuming that saving when you have debt is not very bright. I have handed the new bank card to OH so that i can't spend randomly and have kept some cash aside for emergency situations. My SOA will be posted soon, but any advice you have would be well received. I see some people have done challenges - do they really work? i can't get a second job due the current hoursat my day job but i earn enough to pay the debt - i just need some discipline.
Thanks, A2S

twinmum07

Hi

yep - saving when in debt is a huge no-no.
Have you used whatsthecost.com to look at your debts and work out a debt free date? This helps you to prioritise and put the highest APR first to blast the debt as quckly and cost effectively as possible.
Look forward to seeing your SOA