Where to put my bonus

EssexHebridean

Thank you for coming back to update us, and well done! 

kimwp

QC_040 said:

Hi all,

This is an update concerning my post.

I'm so proud of myself, following your suggestion:

1st my CC the balance is 0£
2nd I bought a phone with a voucher from my employer. I paid 250£ new and the system upgrade are good until 2027.
3rd I already start to pay my loan I put 250£ today on it.
4th I put 190£ in my savings for security. 

At the end of the month if I have left money in my bank account, I will split between my savings and my loan.
I'm targeting the end of the year to pay my loan in full.

I'm getting there and I start to see the light at the end of the tunnel bigger.

I just want to say thank you for all your suggestions it was a great help. 

QC_040 

Thank you for updating us, some good choices there.

The next step if you want to have control of your finances is to track your expenses and keep to a budget. Can sound a bit boring, but unless you have a big gap between your earnings and spending, then it's the only way to stop getting back into debt. It means you won't be saying "if I have money in my bank account", because you know what you will have. Shout up if you want any tips ☺️