Had some good luck need help with next steps please

getmore4less

I would pay the minimum on the 0% CCs and save up to pay them off at the end, monthly savers have good rates.

Work cash flow back from about 2 weeks before the payments are due to work out how much is needed.

A 0% purchase card at some point so it overlaps might also help with cash flow if needed to help with the totals.


Beds come up on our freecycle quite often.

Radish72

It is such an uphill battle but you will get there, so please don't give up

Keep posting here as there are lots of people to cheer you up, help when it gets tough

But snowballing money after paying off one debt onto the next debt is the best way to go

If giving the MIL the spare money works with you (to avoid temptation) then I would go with that plan

Tixy

Whilst it would be nice to have the ccards cleared by the end of the 0% if you have another debt (the loan) that you are paying more interest on in the meantime I would focus on that. Although you would also need to compare the relative APRs of the loan and what any balance on the cards will be on the standard rate. I would never count on being able to get a new 0% deal, although obviously it would be nice if you could when the time comes.

sharronej

Thanks Guys,

I've now got my head back on straight :money:

I've recently opened an account for paying our wages into and then I have three other accounts (piggy banking) which are split into household, business (my dh's) and debt repayment inc the mortgage.....guess which has the highest money going out?:mad:.

I'm going to concentrate on sticking to my budget all round and then seeing what's actually left rather than trying to plan the next six months on amounts I think I should have left, I'll then squirrel this money away (perhaps to MIL) and then make a decision when I have enough to pay the loan off - if DH is really busy and I make him work 24/7 then we might be able to pay it off a bit earlier without crippling ourselves :rotfl:

Tixy The cc's revert to 16.9% and 17.5% after the 0% has finished, I think the desire to get rid of the loan is psychological - we've had it for years and the fact that it's a large payment each month makes it feel like an albatross! If I can get rid of it then we'll have a large boost into the monthly money.