Hey guys
Just wondering if I'm going about this correctly.
All rounded figures;
Income £2000 per month
House hold bills £728
Entertainment subs £20 (amazon prime and Microsoft for PC/Xbox)
Debts AO £60per month Credit card £150 PC World £13 Loan £165.00
Savings £400 [easy access]
Slush for food, fuel £450
The balances on the debts are; AO £187 PC £60 Credit card £720 Loan £7000 (2.75% annum and 5.9%APR)
At the minute I'm using the easy access savings straight to the credit card at the end of the month (had a large car repair).
My aim is to pay the credit card off, then the AO and PC world and start making overpayments on the loan.
Should I be doing it differently? My mortgage goes up by £150 in Feb24 so i want that gone to absorb the increase so to speak. I also get a £3,000 bonus in jan (gross so will need taxing) - That ill maybe use to pay off of either the mortgage/loan.
Submitted by NotoriousCJ19 | #Specialdealer Special Offer Online Shopping Store 2016
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