£3,300 DEBT - help required

PollyOnAMission

marshmallowkisses wrote: »

Thank you so much for that fantastic insight

I have decided that for now, as I have the 2 CC's ongoing, I am going to do my best to have plenty NSD's and money making schemes, including extra work, in order to pay some money back to the debts as much as possible before considering taking out any more 0% cards (from past experience as soon as I take them out a bit of spending is done).

I actually locked my savings away in a 2-year ISA, which yes, I could have used to pay off some of the debts, but at the time, it always seems like a good idea to "save." However, I am hoping that by the time this period is up, I will be able to put a good bit towards this every month in another high interest account!

Thanks again

Well as your savings are locked away for a while, you don't have to think about using them to pay off your debts Decision has already been made!

It sounds like you've really hit on the key point: the only thing that is going to improve this situation for you overall is to spend less or earn more! So your plans to make more money and not spend so much are just what you need. Now you just need to get yourself out of the "0% card taken out = do some spending" mindset and you'll be well on your way :j

If you CAN stop yourself from being tempted to spend more just because you have a 0% card it really would be brilliant. I reckon it would be one of the quickest ways to clear your overdraft (along with extra work/selling stuff) but of course it would only work if you still stick to your budgeting etc.

Posting an SOA is a great place to start!