Really Need Help

Lensman_2

Back when I had a huge deficit, I went on a hunt through my bank statements for tenners.

A change in habits reduced gas & electric by £10 each. (I think having my Xbox constantly plugged in cost me £1.60 a month). A thicker fleece let me knock the thermostat down by 2°. And not leaving the heating on all day at the weekends when I was out anyway, plus reducing the thermostat on the hot water tank from 80° to 65°.

Changing a mobile tariff. Reducing SKY. Etc etc.

Sometimes, when you are faced with an impossible shortfall you go looking for hundreds. But you don't need to find many wasted tenners to get to £100.

theoretica

PJM41 wrote: »

I was hoping to last until the next lots of shares come through this time next year without using up all my savings. I am looking into a cheaper internet provider so hoep that can come down £20-£30p.m

Thank you for all your advise

Have you done the maths behind 'hoping'? Having £9500 on the Barclaycard at 20% is costing you £1900 a year. Even if your savings are in a top interest account they will not be earning you nearly this - £9500 savings at 3% tax free in an ISA will earn you £285. Is having that £9500 in cash savings really worth £1600 a year to you - that is over £130 a month, far mor than you can save meesing around with internet providers.

Similarly the other cash savings and shares need to be compared to your loans at 14%. Having £4500 in loan to keep the shares for a year is costing you £630. Is it really worth it? I don't know how lucrative the shares are.

It is nice having shares and savings, but if you were at zero and a blank slate now would you take out those loans and credit card simply to put the money into savings and shares?

thehappybutterfly

I'd use your cash and savings to pay off the first loan and a good chunk of the cc - freeing up £232 a month which you could throw at the cc until it's cleared.

Cut back on pressies and get yourself some B&C insurance. Cheap as chips if you shop around and use a cashback site.