We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Want to become a Forum Ambassador? Visit the Community Noticeboard for details on how to apply
Debt rehab 2015 !
Lord_farquad
Posts: 1 Newbie
Hi everyone,
Lurked around here for ages, I have started a Diary as everything else I have tried simply has not worked!
I landed a decent job with a good wage at a young age which has unfortunately led me to live a lifestyle I can not afford!
This is hard for me to admit, none of my friends know the situation I am in - my partner knows but does not understand the full extent.
My debts:
CC No.1 £2,554 (34.9% APR)
CC No.2 £880(24.9% APR)
CC No.3 £964 (0% APR for the next 15 months)
Bank account OD £700
Personal loan - £2000 (no time limit for repayment)
My short term goal is to clear of my credit cards, my long term goal is to save for a mortgage.
My aim is to be debt free by the end of 2015 - something which can be achieved as long as I stay on track and on point. I am in the process of generating a budget planner to give me an idea of what I have left over after my outgoings.
A couple of things to note - I have 2 holidays already booked and paid for & I am a recovering gambling addict (self-excluded from all online bookmakers)
and breath.....
Lurked around here for ages, I have started a Diary as everything else I have tried simply has not worked!
I landed a decent job with a good wage at a young age which has unfortunately led me to live a lifestyle I can not afford!
This is hard for me to admit, none of my friends know the situation I am in - my partner knows but does not understand the full extent.
My debts:
CC No.1 £2,554 (34.9% APR)
CC No.2 £880(24.9% APR)
CC No.3 £964 (0% APR for the next 15 months)
Bank account OD £700
Personal loan - £2000 (no time limit for repayment)
My short term goal is to clear of my credit cards, my long term goal is to save for a mortgage.
My aim is to be debt free by the end of 2015 - something which can be achieved as long as I stay on track and on point. I am in the process of generating a budget planner to give me an idea of what I have left over after my outgoings.
A couple of things to note - I have 2 holidays already booked and paid for & I am a recovering gambling addict (self-excluded from all online bookmakers)
and breath.....
0
Comments
-
If you put a statement of affairs here there are really knowledgeable posters who can be a great
I have a diary not because I have debts but because I am teetering on the edge of debt and its a real help
Good luck on your journeyEmergency fund £10,000
Several categories with savings in
Cars, house maintenance, birthdays
Etc I have about 10 categories
Really happy to be debt free after being a compulsive spender0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards