Long time lurker, time to tke control

Ianise

Sorry for the break in updats, I had a week away booked with the family last week. Just a cheap week in a caravan on the east coast.


Lots of cheap days on the beach and hunting pokemon over arcades.

Ianise

So I transfered my overdraft to an interest free card, so the £55 we pay in fees can be attributed elsewhere.


I think I am going to target the largest card debt first as this is the one costing us the most in interest.


Any money left the day before payday will be thrown at that card and I will keep an eye on the other cards to see if any interest free options come up to move some around, at present there aren't any.

enthusiasticsaver

Sounds like you have made a good start. You have a good income and healthy surplus so with some determination you can sort this out.

You need an emergency fund so you are not tempted to put more stuff on credit. I would stop using the credit cards altogether and reduce the overdraft limit right down to stop you being tempted into using it again. As others have said a spending diary would be a help to find the missing surplus. Also the miscellaneous spends of £260.

Why is that health insurance so high? Have you tried to get it cheaper and is it needed? What is the sickness policy for your jobs?

clearmydebts

You've made a really good start and have a good income so with a bit of tweaking you can really start to make some good inroads onto the debt!