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Please help my debt situation/spiral
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Ditch the £2 breakfast and £3 meals.
I eat cereal at home every day with superfoods added.
I eat laughing cow on ryvita and a yoghurt for lunch.
It costs me £2 for 16 LCs and I use 2 a day so that's 8 days, times this by 3 which would be 24 days a roughly working month and it costs me £6 for these.
I pay £1.09 for Ryvitas, use 2 of them so that's £2.18.
Then I buy yoghurts or jellies. Yoghurts £1.94 for 6 when half price at Ocado. Multiply by 4, 24 days in working month and that's £7.76.
Basically I spend £7.76 + £2.18 + £6.00 for lunch for a month = £15.94
You can't justify £3 PER DAY on lunch.Savings as of April 2023 Savings account - £26460.50(14474.88)Current account - £2140.24(4576.79)Total - £28600.74(19051.67) £1010 (£65pm CS/BS) £250 CS/BS/JS0 -
You have a secured loan and HP for the car? What is the secured loan for? Usually you should tackle secured loans first before unsecured debt and payday loans definitely last. You may have a case for a refund on those.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment 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 forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Save £12k in 2026 Challenge £12000/£2000
365 day 1p Challenge 2026 £667.95/£165
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php0 -
Hi, Can you look at moving somewhere a bit cheaper? London is expensive but you can get a decent double room in a shared house near me for £550 - £600 Try here0
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