Adding a Lump Sum to my Portfollio

Cotta wrote: »

however I want this to be staggered more so that I am not having to go back to them.

You're making almost £1.8k/month net...why would you need to go back to them? Unless you have dependents you should have about £600+/month to play with/save for emergencies

Is the £6k in savings/cash separate from this £7k?

Cotta wrote: »

I certainly think it would be a good idea to pay off some of the debt owed to the parents, however I want this to be staggered more so that I am not having to go back to them.

I'm lost. You appear to have bigger problems than worrying about what to do with a spare £7k. You don't appear to want to grasp the fundamentals of finance.

I know that sounds harsh but I cannot reconcile the concept of:

1. Not repaying family debt when you can
2. Thinking that you may need to borrow more from your parents when you are also saving a significant amount.

Did you start your regular savings plans before you got in to financial difficulty, i.e. borrowed from your family? Is the need to borrow because you have started regular savings and it takes you above your outgoings?

I'm a little lost.