A Diary of Reinventing Ourselves
in Debt free diaries
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Have you/he actually applied for balance transfer credit cars, or is this just what he thinks?
Do you have any empty credit cards that do balance transfer offers? Or have a look here about balance transfers and the eligibility checker - it doesn't hurt to try.
However, if it really is the case that you are throwing money at the credit cards and most of it is being swallowed up by interest, then is the time to start looking at more formal debt solutions like a debt management plan, because otherwise, you could spend years trying to pay off the credit cards and get nowhere.
Well done on talking to the in-laws and the car...
Keep on with what you're doing - whatever you do DON'T take out more credit
So with your husband's plan to bring in an extra £20k does his plan include how to not only pay off the debt, but to stay out of debt and also save for the future?! It seems to me that even if this £20k appears all of a sudden, that the moment the debt goes, he expects to carry on as now and the vicious circle you spoke about earlier regarding another matter, will manifest itself in this way.
I know it will be hard for you; I know you will either wish to bash your own head against a wall or very much bash his head, but keep plugging away. In hindsight I wish I had done more to reduce my debt quicker than I am doing, but I know I will be debt free in 4 years and I very much hope to bring that down to less than 3.
Keep focussed; know that what you are doing is for the best, even if OH doesn't. He might continue to rail against you and your plans until you are debt free or one day he might suddenly join in. Either way, if you continue and don't give in to him (don't let the cleaner compromise become the norm for every money saving issue!), you can remain positive in getting out of debt. I know I am, even when I see £300 per month going on paying my creditors rather than saving, but I know it will go!
Even knowing what I know and having been on this site for getting on for 10 years, you have inspired me! I spoke to my OH this weekend and with us both knowing that we want to save to buy a house, there is more we can do to keep our spending in check each month, so from today (new month and all that!) I'm going to keep a record of what we spend each day and see where we can save more.
FT; Keep Going - after all your hard work over the last week, you deserve to succeed in your goals!
Slowly, Slowly = Oct '09: £30693, Aug '15: £14820. Could Be Debt Free April 2020, but hoping for sooner!