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Found out I'm expecting but know maternity pay won't cover monthly debt repayments

poppytattoo · 2021-04-08 09:29:22

Hi all, Title says it all really - we have just found out we are expecting our first child (very happy after previous loss and nearly two years of trying etc, but it was a bit of a surprise!) At the beginning of 2018 I really finally took stock of where I was financially and decided to dig myself out of the hole. In total…

Comments

tlc678910 Posts: 983 Forumite

14 April 2021 at 5:48PM

Hi,
Do you own the car that you are making loan payments on outright?
If you own the car outright you could sell it. If it is worth say 10k you could buy a car for 2k and subsidise your maternity by 1k a month for 8 months.
Good luck

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