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I've started!

I decided last week that there wasn't much I could do until next month due to work (I'm a supply teacher - Summer holidays) to start sorting out our finances/debt. Well, this morning whilst browsing the forums, I saw someone mention all their 0% credit cards. Mine aren't 0% so this morning I've applied and been accepted for a 0% card for 24 months (RBS), which I can clear one other card (MBNA) with. MBNA have an offer for 0% for 15 months on balance transfers so will then be able to move the balance from my Barclaycard to it. This will mean all my debt will be at 0%.

Once this has happened I will then change my direct debit from minimum payments to a set amount so that we know where we stand each month, and hopefully will be in a position to overpay regularly.

Small steps :)
SCS Carpets 0% finance: [STRIKE]£1331.84[/STRIKE] £132.90
SCS Sofa 0% finance: [STRIKE]£1732[/STRIKE] £455
Barclaycard:[STRIKE]£4657.57[/STRIKE] £4657.57
MBNA Card:[STRIKE]£4413.45[/STRIKE] £4413.45
Total Debt: [STRIKE]£12134.86[/STRIKE] £9658.92
August Grocery Challenge: £132.92/£160

Comments

  • Tixy
    Tixy Posts: 31,455 Forumite
    Good for you, that is definitely a good start.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • katy_ann
    katy_ann Posts: 1,094 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Welcome and good luck, this is a brilliant idea especially as you can get those 0% cards :)
    Debt free once - Back again | Current debt: £2479.50 - January 2025 | Make £2025 in 2025 #11 - £41/£2025
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