No friends close enough that i would trust with this devastating secret to be honest. I was hoping to use the online community as my source of support.
Okay so here’s my plan. These are my current debts as it stands:
Loan (20 months left) = 2000
Credit card = 6050
I currently have savings in an ISA of 1950.
My plan is to pay off part of the credit card with my savings taking it to 4100. Take out a loan for 6100 and pay all outstanding debt. My aim is to clear debt as quickly as possible, so I will pay monthly payments of 259 for 2 years. This leaves me with a disposable income after all bills paid of 532. This arrangement still allows me to save 350 per month which will give me 10800 of a house deposit for when me and my partner decide to move to a bigger place in around 3 years.
I like to have this all written out in front me to help me realise that this is possible. I have also deleted all betting apps on my phone and in the process of contacting them to have me excluded. I actually can’t believe it has come to this.
What do you think? A sound plan? Am I missing a trick here?