how to handle your debt when you can't afford the minimum payments

How to handle debt when you can’t afford the minimum payments.

This is a guest post by Sara Williams. She is a debt adviser and runs the Debt Camel website which looks at everything to do with debt, from getting a payday loan refund to checking your credit rating before applying for a mortgage. Emma is clearing her debt using the snowballing approach. That’s great – it lets you pay off your debt fast and also results in you having a fantastic credit rating at the end. But snowballing only works if you can make at least the minimum debt repayments each Read more [...]
how to spread the cost of christmas

How to Spread the Cost of Christmas

Last week I wrote this post on how to plan for a debt free Christmas. I discussed the importance of working out a budget for Christmas in advanced. This allows you to set aside money each month to ensure you spend the festive season debt free. I wanted to follow that post with some tips on how to get organised and spread the cost of Christmas. In particular, spreading the cost of food and gifts. Spread the cost of gifts Gifts are always the largest expense for me, as I imagine they are for most Read more [...]
debt payment progress 6.7.18

Debt Payment Progress Report 1 – 06/07/18

Every two weeks I will be sharing my debt payment progress report with you. I'll share my new debt total and all of the things I have done to make this happen. I think this is important for two reasons. It will help me record my journey and share with you what works and what doesn't. It will also help me to stay motivated! My new total! As of July 6th 2018 my new debt total is £16,662.42 That means I have made less than 1% progress so far. It is a tiny amount. A total of £151.87 in two weeks. Read more [...]