I want to stop drowning

mumtoomany

Hi, @debtaghh. Firstly it's good to see you back. Now in answer to your question, should you get a cash back card for groceries etc. Looking at Google, if you spent around £100 a week, £5000 a year, your cash back on a card with no fees would be about £12.50 a year. The interest rates on these cards are all around the 27% mark. If you are late by a day on just one month you could wipe out a whole years cash back. This card would require super discipline. OH and i both have M&S cards. We earn enough every year for a few loaves of bread from the food hall! We are also however brave a savings account with more than enough money to pay for everything we buy and NEVER buy what we don't need/can't afford. We use the cars because it makes it easier to see what has been spent and where. Could you find a less risky way to make £12.50 a year? One hours overtime? Surveys? Babysitting? I think a card would not be a good idea. HTH. Hugs, mumtoomany.xx

debtaghh

mumtoomany said:

Hi, @debtaghh. Firstly it's good to see you back. Now in answer to your question, should you get a cash back card for groceries etc. Looking at Google, if you spent around £100 a week, £5000 a year, your cash back on a card with no fees would be about £12.50 a year. The interest rates on these cards are all around the 27% mark. If you are late by a day on just one month you could wipe out a whole years cash back. This card would require super discipline. OH and i both have M&S cards. We earn enough every year for a few loaves of bread from the food hall! We are also however brave a savings account with more than enough money to pay for everything we buy and NEVER buy what we don't need/can't afford. We use the cars because it makes it easier to see what has been spent and where. Could you find a less risky way to make £12.50 a year? One hours overtime? Surveys? Babysitting? I think a card would not be a good idea. HTH. Hugs, mumtoomany.xx

Thanks so much, it's definitely not worth it for £12.50. As much as I'd like to hope I would be disciplined I would rather not take that risk. I really appreciate you taking the time to work that out x

debtaghh

Hi,

It has been a busy week. We went to the beach at the weekend for the day and bought our lunch with us. I sold some things on eBay that went for much more than expected. Today I am doing overtime at my employed job. I am really watching the food shopping bill and shopping in multiple shops to save some money.

Hope you all have a lovely day.

Cherryfudge

Well done on the extra from the sales and the shopping around! It all helps.

debtaghh

Cherryfudge said:

Well done on the extra from the sales and the shopping around! It all helps.

Thanks, I'm hoping it will help. 

debtaghh

Hi,

Husband's overtime has come through this month which is good. I will be paying a little extra off the debts. I am shopping around lots more too.

debtaghh

Hi,

I have been really trying to shop around and have managed to get my food to £85 for a family of 4. I've sold a few more things on eBay and Facebook. 

I'm really determined to shift this debt!

pennywisepoundstupid

Your doing really well, it's so hard to keep costs down when everything seems to be going up on a daily basis.

debtaghh

pennywisepoundstupid said:

Your doing really well, it's so hard to keep costs down when everything seems to be going up on a daily basis.

I know the price increases of everything is scary!

motivated

The increases are killing everyone.  It's beyond a joke.   

Keep plodding along and still allow yourself to live
x