Serious Advice - Debt related
Hi all,
I haven’t really got anyone to discuss with so I wanted some advice.
I’m going to be starting a debt management plan with Stepchange as since having the baby I’ve been unable to earn enough money to make a difference in my credit cards - I’m essentially paying nothing with the interest being added etc.
Anyway, with the proposed solution, after paying ALL my necessities, and the debt plan back I’ll be left with £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 I’ll 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 £170 be okay? (It may be more if I don’t spend as much as anticipated during the month)