How do you cope with boredom of paying down long-standing debt?

Unicorn_cottage

Hi Poppy

Have you switched accounts to get extra cash? First Direct are offering 50 & £250 0% overdraft and 5% regular saver. You have to pay in £1000 within the first 3 months.

https://www.moneysavingexpert.com/banking/compare-best-bank-accounts/#bonus

Happier_Me

The only thing I can think that could pass the time and maybe speed up the process is to focus on increasing your income by creating side hustles. That could be a second job or a lodger of you have a spare room, for instance. Car booting possibly and many on here do surveys etc.

I would definitely recommend current account swaps - there are two of us and we have a current account each set up purely for switching. Just received £250 for moving both accounts to Natwest, having waited for my £100 cash incentive for staying with HSBC for a year - that's on top of receiving a fair chuck from them last year when I initially moved. I've been account switching for a few years and I estimate I've made around £1,500 for just a few hours work.

I've also tried match betting a couple of years ago. I made £400 fairly easily in the first 6 weeks or so, but then the 'safe' offers dried up and I just didn't have the patience for it. The downside is you need capital to match bet because you have to place the money in the accounts to cover the cost if you lose the bet (you have to lose one of the bets, that's the nature of matched betting). It also takes some getting used to and yes, you could make a costly mistake. I found it really time consuming but others seem to make a steady income from it.

Poppy1984

Unicorn_cottage wrote: »

Hi Poppy

Have you switched accounts to get extra cash? First Direct are offering 50 & £250 0% overdraft and 5% regular saver. You have to pay in £1000 within the first 3 months.

https://www.moneysavingexpert.com/banking/compare-best-bank-accounts/#bonus

Hi yes I have, I switched to HSBC for their bonus and I'm planning to switch again after my 12 month bonus is paid.
Thank you

Poppy1984

Happier_Me wrote: »

The only thing I can think that could pass the time and maybe speed up the process is to focus on increasing your income by creating side hustles. That could be a second job or a lodger of you have a spare room, for instance. Car booting possibly and many on here do surveys etc.

I would definitely recommend current account swaps - there are two of us and we have a current account each set up purely for switching. Just received £250 for moving both accounts to Natwest, having waited for my £100 cash incentive for staying with HSBC for a year - that's on top of receiving a fair chuck from them last year when I initially moved. I've been account switching for a few years and I estimate I've made around £1,500 for just a few hours work.

I've also tried match betting a couple of years ago. I made £400 fairly easily in the first 6 weeks or so, but then the 'safe' offers dried up and I just didn't have the patience for it. The downside is you need capital to match bet because you have to place the money in the accounts to cover the cost if you lose the bet (you have to lose one of the bets, that's the nature of matched betting). It also takes some getting used to and yes, you could make a costly mistake. I found it really time consuming but others seem to make a steady income from it.

Hi I don't have a spare room, and nothing left to sell at car boots /eBay as I did all that when I first started debt busting.
The second job is a difficult one I keep looking into this, but my full time job can be very stressful and I have a lot of responsibility I also have to work evenings and weekends when required. I have a son who if I work a second job I'll barely see and a partner who is long distance and at the moment we only get to see each other at weekends.

I am really interested in match betting, how did you get started? I've read a lot about it on here but I really don't understand how to do it and I am scared of the risk.

I'm feeling really low today, all this debt is weighing me down, I've recently come into some high costs for my son that I can't avoid and I'm worrying myself sick how I'm going to afford them. I just feel really miserable and feel like this is never ending

Thank you