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£45k debts and £5.5k PPI payout, where to allocate
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Hi Boots
Just nosing through your SOA. I'm not great with them but thought i'd try & help.
I definitely agree with other comments about your gas & electric (and it seems you already know too). The amount you're paying is astronomical!! Make sure you're switching things off at the plug, don't leave lights on, turn your thermostat down, switch the heating off in this warmer weather we're having lately.
I noticed you are paying a car loan of £4k. Could you sell one of the cars to pay this off & then buy a cheap runaround? Or could you cope with 1 car for a while until you get some headway with this debt?
I think with the PPI claim you're getting paid, I'd pay off the Mint credit card to get rid of that high interest & then you've got an extra £117 per month to go towards your debts.
Groceries could come down, but I haven't got any advice myself on this because my grocery bills are also pretty high for a family of 4.
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