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Debt Free Wannabe 1st Jan Start
jamesa007
Posts: 235 Forumite
Right my finances are in a right old mess and with Christmas round the corner i've decided to wait till 1st Jan. Then i'm on a mission to save save save (pay off, pay off, pay off).
But i need advice on the below:
£3k Overdraft - Student interest free (low interest)
£3k Credit Card
Wage - £1500 after tax starting end of Jan,
Rent - £600 PM
Other Outgoings - £300
So how do i approach this?
Many thanks in advance, i think its time i got a signature going on to start me off in the new year. I want to have money in the bank, no credit card, no overdraft and to not worry about money every month!
Cheers
But i need advice on the below:
£3k Overdraft - Student interest free (low interest)
£3k Credit Card
Wage - £1500 after tax starting end of Jan,
Rent - £600 PM
Other Outgoings - £300
So how do i approach this?
Many thanks in advance, i think its time i got a signature going on to start me off in the new year. I want to have money in the bank, no credit card, no overdraft and to not worry about money every month!
Cheers
MSE - Longtime learner of debt management, better at helping others than sorting myself out. Plans to move house in 2014. Deposit saving begins!
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Comments
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Hi James, welcome you've come to the right place. Can you post an SOA (sticky on the main page telling you how to do this) and we'll all see how we can help?CC2 = £8687.86 ([STRIKE]£10000[/STRIKE] )CC1 = £0 ([STRIKE]£9983[/STRIKE] ); Reusing shopping bags savings =£5.80 vs spent £1.05.Wine is like opera. You can enjoy it even if you don't understand it and too much can give you a headache the next day J0
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Welcome to the debt-free wannabe world - there's lots of good advice on here.
To get a full picture to advise you properly, you should make out a full statement of affairs (SoA). There's a guide on how to do this as one of the 'sticky' threads at the top of the list.
Good luck!Retired in 2015.
Moved to Ireland September 20170 -
Start now!LBM: Nov 2004 Debt Apr06: £19,273.46 (Highest)
Debt 2006: Jul:£18,552.06|Aug:£17,615.14|Sep:£16,297.98|Oct:£15,961|Nov:£15,760.66|Dec:£13,204.37
Debt 2007: Jan:£13,183.71|Feb:£13,851.03|Mar:£13,349.15|April:£12,997.33 | May: £12,300.00 | June: £12,000 | July: £9,894.44 |Aug:£0
Debt Free Date: 31 August 2007
The £2 Coin Savers Club = £72
Reclaiming my bank charges - £105 reclaimed
My Diary: http://forums.moneysavingexpert.com/showthread.html?t=2305610 -
Welcome and if you stick a SOA on here we may be able to help you cut back0
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