Just turned 30 and decided I need to sort my life out

Wannabehousebuyer

Drawingaline said:

Yes, that split looks good. Will there be an additional £100 once the car repairs are finished, or is that coming out of the £350?

I would go for 800-1k ef initially. How much would a move cost? The ef can be used towards that, and assume you would have some notice so could just ditch everything for a couple of months and funnel it all into that.

Look forward to reading about your progress. 

@Wil@Willing2Learn Thank you so much for your help!!
The car will be £50 per month extra from aug pay. so £395 becomes £445.
Ive worked out that if i am to stay here another year from January i could just pay £100 towards the debt steady until i move and it will be cleared before i buy+ 3 months extra for added savings. *if i can increase my credit score enough to buy* (and if thats the right thing to do- ie should i pay it sooner?)
So it could be:
Debt £100 for 17 months - Finishes October 2021
EF £200 for 5 months
LISA £145 for 5 months then £335 for the remainder. + the 2 months of debt £100 would give me a deposit of £5950 + the govement incentive. is pretty much there or there about's what i need for shared ownership. PHEW! 
why did i not do this sooner? 

Wannabehousebuyer

Moneywhizz said:

Just been reading through your diary. You have come a long way already and seem to really have a handle on getting rid of your debts. I also think you need to build up an emergency fund so that if you have to move unexpectedly or have more car excess to pay, you will not be stressed about it. If you have £395 spare at the moment and £50 extra come August you actually have a good amount of money towards your goals. Is there any urgency to paying off the Very account? Is it interest free? I am not very familiar with Full and Final Settlements but I know that many people on these boards have managed to save themselves quite a bit by offering to pay a percentage of their debt. Again not sure how that would impact your credit rating when you are hoping to apply for a mortgage. Something to look into though. If you are serious about buying a house it doesn't make sense not to take advantage of the Lisa and build up your deposit while getting the government's bonus. It would be good discipline for you to put the money away and not be able to touch it, in preparation for when you are paying a mortgage. It's not easy to save for a deposit while renting but one you have your emergency fund in place and have no other debt, you could be saving £400 monthly which will soon mount up. Good luck with your plans.

@Moneywhizz Hey- thanks for stopping by and thank you for your advice  
it is interest free as its with a collectors- i tried with a F&F however they only offered 10% off so i think i am tempted to put the £100 a month ( see above for my plan) into a monzo pot and then pay my £10 a month leave it a bit longer and then make a settlement maybe? or as you say it may impact my score too much and i need to build it desperately - its on the floor! Maybe i need to check on this. thank you again x