Serious Advice - Debt related
Hi all,
I havenโt really got anyone to discuss with so I wanted some advice.
Iโm going to be starting a debt management plan with Stepchange as since having the baby Iโve been unable to earn enough money to make a difference in my credit cards - Iโm essentially paying nothing with the interest being added etc.
Anyway, with the proposed solution, after paying ALL my necessities, and the debt plan back Iโll be left with ยฃ170 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 Iโll 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 ยฃยฃ and lower my debt solution, or ยฃ170 be okay? (It may be more if I donโt spend as much as anticipated during the month)