SOA...it's worse than I thought :(

[Deleted User]

I wouldn't recommend turning unsecured debts, into secured debts.

HappyMJ

Bedsit_Bob wrote: »

I would recommend turning unsecured debts, into secured debts.

Missed a word here....would NOT recommend.

retepetsir

Well done so far.

Tackle the highest interest debts as a priority. I've heard of interest rates of ~30% with laptop finance schemes so it may be worth putting more payments towards this first.

[Deleted User]

HappyMJ wrote: »

Missed a word here....would NOT recommend.

Oops. :embarasse

Corrected.

DMPhereIcome

moneymoron1 wrote: »

Just read the whole thread, I'm in a mess with money myself.

One thing I did notice was the apparent equity in your house?

If this is the case would it not be worth looking at taking some extra money on the mortgage to clear your credit card debts etc and then you can have a life back and focus on overpaying your mortgage?

There is equity but my mortgage company won't do it on the basis of affordability...which is probably best!

Kantankrus_Mare

Port can give the worst hangover............I know from experience

I think you need to get your light bulb switched back on in the New Year.

Christmas really is a difficult time to reign in the spending.

Best way for next year is to save a little each week and ONLY spend that amount when it comes round again.

DMPhereIcome

I'm back

I won't lie...I'm no more debt free than I was a few months ago *surprise*

However, I've spent the last few days really (and I mean Really) sorting my house (ergo life) out...four bin bags of rubbish and four massive bags for the charity shop, one stuffed bag to go in the confidential shredding bin a work and my recycling is overflowing (and no it's not booze bottles...I drank those before Christmas and the budget didn't stretch to more...dammit!)

January is going to be tight - especially as mate with the expensive socks wants a night out... if the embarrassment of my behaviour last time I was let out loose wasn't enough to discourage me, my lack of funds definitely is..

On the plus side... despite few wobbles and smoking lots of marlboro lights on last day of work drinkies (that's not the worst of it)...I'm not smoking!

I will post more tomorrow (for anyone who may be listening) and I definitely need to catch up on what everyone's been up to

Where has the year gone? all I appear to have done is work, clean my house, panic about money, squeeze in a holiday I couldn't afford and study...all whilst looking after a 5 yr old, a cat and a jack russell?

HappyMJ

Oh well. It's christmas. I have never yet in the past 10 years or so reduced my level of outstanding debt in December. Instead of giving the clothes to charity how about a day listing them on Ebay. You might make a few quid...which you could donate some to charity or pay your debts off with.