Trying to get out of the money mess

Goinggreyearly

So the credit cards statements are starting to come in and I'm actually looking at interest rates 

CC 1 - 8,009.71 (20.20%)
CC 2 - 4,791.39 (26.9%) 
CC 3 - 4,645.00. (0%)

So the plan is to get out of the overdraft, then increase my overpayments on CC 2.   I have a lot of credit available on cards 1 & 2, about £9,000 total. Not finding any offers for  balance transfers.   Would reducing my available credit increase my chances of would it look like I'm mixed out? 

Goinggreyearly

Maxed out! 

Time2count

How long is the 0% on CC3? Would it be worth moving most of the balance from CC2 onto CC3?
Then cancel CC2 when it is paid off?

Bargainhunter30

I agree with a previous comment. It's about working together as a family, budgeting together and maybe using both your finances to stop incurring high interest amounts. If you're husband has some money saved, then it might be worth paying off the high interest debts. 

It sounds like you may have been paying more than your fair share over the years and that's what's led to the build up of debt. It might be worth listening to a few of Ramit Sethi's podcast 'i will teach you to be rich'. He discusses how difficult it can be when couples don't combine finances and have regular money discussions. Some of the couples sound very similar to your circumstances.

Good luck!

Goinggreyearly

So total debt 6 month ago including my overdraft was £18,333.90.
Overdraft was right up to the limit of £900 and it wasn't anywhere close to payday.  Since then we've had Christmas and I've had a few car problems (car is needed for work)

Current debt
CC 1 £7,932.68
CC 2 £4,278.22
CC 3 - £4,400.00
Overdraft £154.20
Total debt £16,765.10

September was an interesting month, lots of creative cooking! I've got small overpayments on all the cards, once I am out of the overdraft I'm going to increase the overpayment on CC2 as it has the highest interest rate.  While the CC balances haven't gone down as much as I'd like, I definitely feel more financially secure.

mrosie

It's not easy is it? I also want my kids to have things I didn't have and the amount I spend on food for me and three kids is ridiculous. I need to cook from scratch more although cooking has never been something I particularly enjoyed so it's a real slog for me (and kids can be fussy, which means there isn't even any reward in it).

Goinggreyearly

I completely get the cooking, I frequently made 2 meals for years, I'd cook for the kids and then again for us.  They're older now so I don't have to do that as often. I used to enjoy cooking, now it's just a chore.