Serious Advice - Debt related
Hi all,
I havenāt really got anyone to discuss with so I wanted some advice.
Iām going to be starting a debt management plan with Stepchange as since having the baby Iāve been unable to earn enough money to make a difference in my credit cards - Iām essentially paying nothing with the interest being added etc.
Anyway, with the proposed solution, after paying ALL my necessities, and the debt plan back Iāll be left with Ā£170 disposable.
Does that sound reasonable? Or should I lower my debt plan, to have more money to put away now, and then increase the amount in a couple years? My car finance is due to end in 3 years, so Iāll be able to basically move that money over to the debt solution and clear it quicker.
What do people think the best solution would be to do?
Increase my disposable ££ and lower my debt solution, or Ā£170 be okay? (It may be more if I donāt spend as much as anticipated during the month)