Fat, forty and financially f**ked

mothsinmywallet_2

I don't understand why the interest payment on my credit card is nearly £80 again this month. It's been going down by a few pounds each time I make a payment and it makes no sense for it to have gone back up. 

I'm at the point in the month where I feel like I'm making no progress at all. Really not enjoying self isolating, I need fresh air and exercise. Going to try to get out in the garden for my lunch break and rake some leaves. The garden needs a general tidy up for winter but it has rained so much here recently I have avoided it. 

Still plodding away with surveys, cashed out another £5 the other day which will go on Christmas presents. 

Feeling really low again about money and indeed everything. 

Sarahwithlove

Have you had a look on the actual statement to see if it includes any charges? Only reason can think of. 

mothsinmywallet_2

Not got statement yet, it just appears on the bank account as interest though. 

Sarahwithlove

Maybe give them a call and see what they say? Was it more interest than previous month? 

mothsinmywallet_2

Yes, it's been going down by a bit each month. Will try to call later. 

lucielle

Hope you get to the bottom of it
L

enthusiasticsaver

mothsinmywallet_2 said:

Yes, it's been going down by a bit each month. Will try to call later. 

Is it because there were 31 days in October? If the balance is around £5500 still then the daily interest is about £2.69. 

mothsinmywallet_2

Don't think so, but thanks. I feel like giving up with everything today. 

mothsinmywallet_2

Today's question is do we need to pay life assurance policies? We only had them as they were a condition of our mortgage but we paid that off a few years ago. DH is never going to work again so we dont need to protect his income. I realise that I understand nothing about them or what they are for or how they work. I'm a bit ashamed of this to be honest. 

Sarahwithlove

It would be a lump sum that gets paid out on the death of the other. So to cover funeral costs, living costs etc. So I guess it depends on what money you might need if the other wasn't there.