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First time Stoozing - advice?


I’m confusing myself. Can someone help?

I’ve recently had to use some money out of my TSB savings account (which was nearly at £2k) and have also now got a CC (0% balance transfers for 24 months providing I move them within 60 days of account opening and also I have 6 months 0% on purchases) credit £5700.00

I have:

Natwest CC – Balance £700 (I use this monthly, anything up to around £900 but I’ve since opened Barclay card so wont be using this account any more as its APR% - I’ll max the card on “usual” things then balance transfer it to Barclay card)

Halifax Acc – for household bills

TSB Acc 1 – yearly bills – Balance £1800

TSB Acc2 – “Savings” account – Balance £700.00 (Had to take money out of this account, was near £2k)

Each month I put £350.00 into TSB Acc 1 (Yearly bill money) so I now need to move some of the money to keep the balance below £2k

Each month into TSB Acc2 I put £55 to save.

I also take £200 a month from my “normal” account for grocery shopping each month. Because the CC is 0% for 6 months i plan on putting the £200 into the TSB 2 acc each month and leaving it there until 0% runs out.

Because my CC is now 0% the normal monthly payments of (Average) £625.00 can be put in an account until the CC is due for payment to earn interest.
I assume I need to open a new account? Santander? But what do I do because Santander is interest over £4k. Do I move all my money from TSB into Santander and build TSB back up?!

So confused. Thank you in advance for any advice.
Tesco Loan 2.9595% £8,077.80 £1,546.69
Bank of Ireland Loan 5.9% - £7,091.64 £6,697.66
Santander Balance Transfer 0% - £9,400 £8,569.57
Total Debt: £24,569.44 Total Repaid: £7,755.52 Left to pay: £16,813.92
Debt Free prediction: November 2025 February 2025


  • MallyGirlMallyGirl Forumite, Senior Ambassador
    5.9K Posts
    Ninth Anniversary 1,000 Posts Name Dropper Intrepid Forum Explorer
    Senior Ambassador
    1st point - be careful mixing BTs and 0% purchases on the same card. Your 56 days free on a card depends on you clearing it in full each month. If there is an outstanding BT balance on there then you won't be clearing the balance in full so after the 6 months 0% purchase you should stop using it for purchases, pay off the final purchases and just make the minimum payments on the remaining BT balance. You will need to make this payment each month to keep your 0% deal.
    Use the Natwest normal card after that for purchases and pay off in full each month for your (up to) 56 days interest free.
    I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
    & Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected].
    All views are my own and not the official line of MoneySavingExpert.
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