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More flash light than lightbulb
ditty1234
Posts: 2,125 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
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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
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