I think I have a bit of a problem...

I got myself in a lot of debt in my early 20s. Ended up with defaults and it took me forever to pay it off but I was so proud. I spend when I'm down. It makes me feel better.
Now I'm early 30s and I've fallen into the same cycle. We have £4k on one credit card which is interest free and £2k on another which really isn't. I'm so fed up with myself for frittering money away on !!!!. We should be able to enjoy a nice family holiday this year but we can't now. I'm just out of control I don't know what to start :(
Pay off Debts by Christmas 2015 = DEBT FREE! :)

Comments

  • Willing2Learn
    Willing2Learn Posts: 6,293
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    Hi happybunny86,

    The best place to start is probably with a spending of some sort, to keep track of where money is going, and then of course you need a current Statement of Affairs (SOA) so that you can set a new monthly budget. Do both of those things, and you will once again be able to pay down your debt in no time. :)

    Just thinking, you may also find it beneficial to keep a DFW diary going on these boards. :)

    Have you tried applying for a 0% Balance Transfer card to cut back on interest payments on your existing card with the 2K balance?
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    :smiley:
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