Is it all too late???

foolsgold01

HappyMJ wrote: »

I think the £1,800 positive balance is a mistake as the first post says the hubby has a £1,800 overdraft currently in use and that's not listed.

I do have about £1800 positive and hubby has £1800 overdrawn too. The £1,800 is savings although not that easy to access! It was for my daughter for when she was 16 which my dad and I pay into - hence the £11 contribution from my dad - The plan is £43.33 per month but I have not added it in as I know I need to stop paying and withdraw this money as if I go down a DMP/IVA route the creditors of my husband will want it anyway hence I want to do what I can, for us, without going down this route! I am a bit of a secret squirrel tbh with savings pots BUT half should be for my daughter. Its a 10 year plan with the Police.

[Deleted User]

What kinds of food can/cannot your cat eat?

[Deleted User]

I'd still be inclined to use £572 of the savings, to clear off the Barclaycards, as the interest paid on those two (at the current rate of paying) will be :eek:

You would still have £1,228 left.

foolsgold01

Bedsit_Bob wrote: »

What kinds of food can/cannot your cat eat?

We have a Persian and she struggles with chunks of meat and chunky biscuits) and dare I say is a tad fussy! Any massive change to her diet too also causes stomach problems which isn't nice! We provide biscuits but Royal Canin which I know are awfully expensive. I am not sure what comparisons there are out there at a cheaper deal where the biscuits are small (she can't pick them up due to having such a flat face) so any advice would be welcomed She is an expensive cat and we have found high maintenance - annoyingly - but we all love her to bits so giving her up is a no no.
My husband also has 3 birds hence there is allowance for them too (although they don't cost that much).

double_mummy

in the freebies bit there is an offer for some free food from royal canin

https://www.google.co.uk/shopping/product/17843729196833941987?q=royal+canin+persian+30+10kg&espv=2&bav=on.2,or.r_qf.&bvm=bv.71778758,d.ZWU,pv.xjs.s.en.PAf6cFvc9yg.O&ion=1&biw=1920&bih=979&tch=1&ech=1&psi=qdDTU9vaEcnePfO0gIAP.1406390438131.5&ei=uNDTU4uFMOS57AbnxICwDg&ved=0CHUQpiswAA

shop compare lol - i presume its that one

and next time you go into the vets see if there are any discounts or offers they can do on the jabs for you

and i would also pay off the barclaycards and leave the rest in savings

[Deleted User]

£land do 900g bags of Weebox Cat Stars biscuits.

The biscuits are quite small.

foolsgold01

Bedsit_Bob wrote: »

I'd still be inclined to use £572 of the savings, to clear off the Barclaycards, as the interest paid on those two (at the current rate of paying) will be :eek:

You would still have £1,228 left.

Thank you and I do agree in paying off debts with savings. I have been paying off my debts but I have been oblivious to my husbands and I think this has a lot to do with separate accounts, separate debts....however this has to now stop and we need to work together - for better or worse, richer or poorer - that was what I signed up to.


I think the difficulty for me with this is that it was savings for our children in the long run and this I find hard to deal with. But, as I said we wont see it anyway if we don't urgently review our money and I am aware of that more so than ever now. I will have to explain this to my dad which will not be easy - more because I am ashamed to have gotten to this stage I think! I am sure he will be fine but its just having 'that conversation'.


I wasn't sure I should then use this money to get a cheaper car (my dad would support that i am sure) and selling the one I have? My job and the amount of miles I have to do means I need something that will start in the mornings and is reliable. If I got rid of my loan it would free up £235 per month too but I will check out any penalties etc which will be the next thing!


My head is hurting and its all so stressful but thank you so much for your advice x

Firewalker

You can pay it off! In my experinece (and observation) debt that is less than double annual income after tax can be paid off.

You'll need to develop a strategy and stay very focused (and work together). Stabilise the situation first (make sure ou are not getting more in debt). Following that make sure that your regula monthly income allows you to make the regular payments.

Step three is to start earning more and put it against the debt. Do these three and you can be debt free in four-five years.

Firewalker

[Deleted User]

foolsgold01 wrote: »

I think the difficulty for me with this is that it was savings for our children in the long run and this I find hard to deal with.

Once the debts have been cleared, you can top up the savings again.

HappyMJ

Personally as your dad is paying you £11 per month for your child then I wouldn't include that as your income and I'd open up an account in your child's name where this money can be put. As you say it isn't your money. It also won't be counted in any IVA or DMP you may go on to.