SOA - can you get it down?

Annie_Fanny

Sunny_Bear wrote: »

know this sounds silly but I dont really count the Catalogues as debt, I know it is but it just goes out every month and feel if I focus on those first I wont get the fab feeling of paying off a credit card and then be encouraged to carry on, do you get what I mean?!?!?:rotfl:

This is probably part of the problem if you see what I mean? Best to actually have a reality check and find out the apr(s) on the catalogues - they may be very high. How much is owed to the catalogues?

If your CCs are 0% then best to pay off the debt with the highest APR first. Can you overpay on the loan?

If you pay off the CCs first then you will end up costing yourself more money in the long run.

Good luck - you can do it!

Annie

Sunny_Bear

wow, I didnt know that about tyre pressures and fuel! thanks

I do seem to use about £25 a week on petrol which is annoying but its how I get to work and back, H doesnt drive so im also ferrying him around a bit.

The £400 is broken down to approx 25 petrol, 30 food, 10 electric, 35 spends....

as I write this I know that is too much he he and needs looking into.............................

RAS

Check the catalogue debts as these may be over 0%

Also, you need to post up the APRs to which the CCs revert after their 0% period ends. That would decide which you pay off first.

Uniscots97

Sunny_Bear wrote: »

wow, I didnt know that about tyre pressures and fuel! thanks

I do seem to use about £25 a week on petrol which is annoying but its how I get to work and back, H doesnt drive so im also ferrying him around a bit.

The £400 is broken down to approx 25 petrol, 30 food, 10 electric, 35 spends....

as I write this I know that is too much he he and needs looking into.............................

Sharp breaking (though sometimes unavoidable!) and high speeds also eat into your fuel. Depending the roads you drive (as well as checking your tyre pressures), if you keep your speed down you can save upto 7% or in terms of the average hatchback thats about 35 extra miles (i.e. doing 65 in a 70 zone, 55 in a 60, 45-48 in a 50, etc).

Uniscots97

Sunny_Bear wrote: »

wow, I didnt know that about tyre pressures and fuel! thanks

I do seem to use about £25 a week on petrol which is annoying but its how I get to work and back, H doesnt drive so im also ferrying him around a bit.

The £400 is broken down to approx 25 petrol, 30 food, 10 electric, 35 spends....

as I write this I know that is too much he he and needs looking into.............................

I know its nice to be able to have money in your purse/wallet to treat yourself to whatever you fancy but how much of this 35 quid do you really need to spend? As someone mentioned before try a spending diary and also the demotivator tool on this site (i.e. if you buy a can of juice every day, how much would that cost you in a year?). The smallest of changes do mount up and make a huge difference.