Credit card shuffle or consolidate help please

charlies_tribe

Thank you.
Just filled out the form from the email for free insulation too, so hopefully the gas bill will come down.


Current DFD is 47 months... Time to work on that:)

thecassman86

charlieyates wrote: »

Current DFD is 47 months... Time to work on that:)

So, you'll already be debt-free 13 months earlier than if you'd have gone with a consolidation loan, as well as the savings in interest

Best of luck with getting that date even closer! It's definitely doable! :T. Best of luck

Getting_There_Slowly_2

I'm always impressed by anybody raising such a large family, I could/would not do it. Just in case nobody has said it to you recently... WELL DONE.

I'm going to throw one constructive opinion in though.... An intelligent conversation with a child about why they can't have a new bike is a much better bit of parenting than just buying them one. Try it, they might respect you more than they ever have before.

I'm not saying they don't respect you so please take in the way it is meant. I'm saying that accepting the reality of financial situations can be beneficial to the whole family, and part of education for kids that is missing from the classroom.

ellerose

Or could you offer to put towards a laptop/large gift instead, then the rest has to come from other birthday money gifts or saving the rest to buy it herself? I think a laptop is a huge gift!

charlies_tribe

Getting_There_Slowly wrote: »

I'm always impressed by anybody raising such a large family, I could/would not do it. Just in case nobody has said it to you recently... WELL DONE.

I'm going to throw one constructive opinion in though.... An intelligent conversation with a child about why they can't have a new bike is a much better bit of parenting than just buying them one. Try it, they might respect you more than they ever have before.

I'm not saying they don't respect you so please take in the way it is meant. I'm saying that accepting the reality of financial situations can be beneficial to the whole family, and part of education for kids that is missing from the classroom.

Thank you. It was never planned that way but wouldn't change a thing now (ok, maybe our money habbits!) Even if it means we are still paying off our debt once they've all left home (but I hope not).
The children do know we cant just afford to buy big things and DD has asked for the money to put towards one, so at least that's something. They seem to understand that as there is 5 of them they cant have lots for birthdays etc, it's me that feels guilty.
Thank you all for your comments.

BillJones

charlieyates wrote: »

Everything is a bit confusing, I confused both the lady and myself....


...We usually have about £750 to throw at it each month.

I'm a bit confused too, so an explanation of the above might help. If you have £750 spare each month, have your circumstances changed a lot since you built up the debt? Obviously someone living with a surplus generates savings, not debt.

I ask because it's more common than you might think for people to ask for help here who say, essentially "I spend less than I bring in, I've a good surplus. I'm getting deeper and deeper into debt".

If that's your situation, then the best advice is probably different from what would be best if you genuinely are managing to already reduce your debts at a good pace.