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  • FIRST POST
    • Duh18
    • By Duh18 9th Oct 18, 11:43 PM
    • 7Posts
    • 3Thanks
    Duh18
    I want to clear every last penny
    • #1
    • 9th Oct 18, 11:43 PM
    I want to clear every last penny 9th Oct 18 at 11:43 PM
    Hi

    I am new to the board after discovering MSE online when searching for help. I had a pretty bad break up 2+ years along side a job I was extremely unhappy in which looking back was a combination for a disaster. 2 years on and Iím in a new job and feel a lot better about myself however still following me around is the large amount of debt that I have amounted over the last 4 years more so in that 2 year period. I am currently 24 and want to have this debt cleared in the next 2 years to stand myself in good stead from 26 onwards in regards to mortgages savings etc. Iíd appreciate any help as and where.

    I know people advise SOA but here goes as I live at home with parents so many of the columns arenít relevant.

    NET salary £950.00 (£1250.00)
    I have a £300.00 salary sacrifice car which finishes in March 2020.

    Contact Lenses £20.00
    EE Phone £45.00
    Gym (12 month contact till August 2019) £30.00
    House keep to parents £60.00
    Petrol £50.00

    £745 remaining

    HSBC credit card , £6,300 (0% till December 2019 then 21.9% onwards) £160 min
    Santander credit card £3,000 18.9% £80 min
    Barclaycard credit card £500 (0% till December 2019 then 34.9%) £10 min
    Lloyds refinance loan £2700 9.9% £45 min (79 months remaining)
    Halifax overdraft £315 (£45 a month repayment plan till April 19)
    Argos Card £300 29.9% £20.00 min

    £385.00 left, where do I start?

    £13,100 to clear

    Even writing this post feel like a slight weight has lifted off my shoulders
Page 2
    • enthusiasticsaver
    • By enthusiasticsaver 12th Oct 18, 1:14 PM
    • 7,182 Posts
    • 15,611 Thanks
    enthusiasticsaver
    As fatrab says look for free things to do. Don't buy lunches out, maybe pick up some rolls at the beginning of the week with a sandwich filler and multipack of crisps etc. Lunch deals at £3.50 per day which many people go for works out at £70 a month you could save. Fill up a water bottle each day from home.
    Debt free and mortgage free and early retiree. Living the dream

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages and Endowments, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • Gemsy81
    • By Gemsy81 13th Oct 18, 8:39 AM
    • 182 Posts
    • 589 Thanks
    Gemsy81
    Is there any way of increasing your income? Overtime? Second job?
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