We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
More flash light than lightbulb
Options
ditty1234
Posts: 2,121 Forumite
Hi I am stil building up to my light bulb moment, but have now found a flash light and am looking for the lightbulb.
I am £25393 In debt incl £1000+ in a unsecure loan and £1000 in an overdraft, and the rest on 3 credit cards at about 18%.
I will pay this off in 5 years! Not sure how yet but it will happen. I am currently paying about £300 a month + interest and I can see it making a difference. Christmas was a large 2 month wobble, but am now back in the right direction, except panicking about high interest and variation in income.
Am keeping credit cards as I have no emergency funding at the moment, this is a dangerous game, but I am hoping to use this forum to keep the temprations at bay, and only use it for tings like gas to get to work if all else fails.
18.2.2019 - £25.393
I am £25393 In debt incl £1000+ in a unsecure loan and £1000 in an overdraft, and the rest on 3 credit cards at about 18%.
I will pay this off in 5 years! Not sure how yet but it will happen. I am currently paying about £300 a month + interest and I can see it making a difference. Christmas was a large 2 month wobble, but am now back in the right direction, except panicking about high interest and variation in income.
Am keeping credit cards as I have no emergency funding at the moment, this is a dangerous game, but I am hoping to use this forum to keep the temprations at bay, and only use it for tings like gas to get to work if all else fails.
18.2.2019 - £25.393
Isa help to buy: 1000/3000 33%
Emergency fund: 100/1000 10%
Weight loose 8.6 kg - while having fun. 0/8.6 0%
Focus debt to clear HSBC £10/1111, 0% updated May 25
Emergency fund: 100/1000 10%
Weight loose 8.6 kg - while having fun. 0/8.6 0%
Focus debt to clear HSBC £10/1111, 0% updated May 25
0
Comments
-
Good luck on the journey
My first bit of advice is do a realistic SOA and be honest with yourself. Cut the non essentials
Next think smart and boost your income.
https://www.moneysavingexpert.com/family/make-money-surveys/0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards