Dear all
I’m taking the first steps in getting my finances under control, I’m not sure how it came to this but I seemed to be managing things ok until earlier this year, however after reading things on this forum I’ve probably been kidding myself for a long time (robbing Peter to pay Paul etc). In the end I had 6 credit cards and all of a sudden I just found at the end of the month I didn’t have the money to pay the minimum on any of them. Then the phone calls started I just retreated into my shell, when my wife saw how I was behaving and the visible strain on face she said I should face up to things rather than run.
Anyway the first step was to cash in most of our savings and clear 4 of the cards roughly £2k, the fifth card has £100 balance which I’m chipping away at, the last one still has £4k on it and the £89 minimum monthly payment is killing me, at the moment I need £179 to bring the account up to date. I was up to date with all of my priority bill but now I’ve stopped borrowing things seem to be teetering on the brink and this one card seems to make a big dent in my finances, and I need to get to grips with it.
So that’s where I am now, looking for a way forward. Oh another thing, all card have been cut up, the next step is cancel the accounts.
Last thing, I tried to link to the personal budget sheet in this section but it won’t let me have access, can anyone one link me up to a simple I & E sheet.
Thanks in advance
Lanzo
I’m taking the first steps in getting my finances under control, I’m not sure how it came to this but I seemed to be managing things ok until earlier this year, however after reading things on this forum I’ve probably been kidding myself for a long time (robbing Peter to pay Paul etc). In the end I had 6 credit cards and all of a sudden I just found at the end of the month I didn’t have the money to pay the minimum on any of them. Then the phone calls started I just retreated into my shell, when my wife saw how I was behaving and the visible strain on face she said I should face up to things rather than run.
Anyway the first step was to cash in most of our savings and clear 4 of the cards roughly £2k, the fifth card has £100 balance which I’m chipping away at, the last one still has £4k on it and the £89 minimum monthly payment is killing me, at the moment I need £179 to bring the account up to date. I was up to date with all of my priority bill but now I’ve stopped borrowing things seem to be teetering on the brink and this one card seems to make a big dent in my finances, and I need to get to grips with it.
So that’s where I am now, looking for a way forward. Oh another thing, all card have been cut up, the next step is cancel the accounts.
Last thing, I tried to link to the personal budget sheet in this section but it won’t let me have access, can anyone one link me up to a simple I & E sheet.
Thanks in advance
Lanzo
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