G
greenfly
Guest
I've started to take stock of my financial position, and it isn't looking pretty. I've racked up considerable debt over the last 6 months due to some personal events in my life and basically, it's looking like this:
I'm not worried about the 13k credit union loan, as I'm making regular payments and am planning to pay it off when my SSIA matures (15k in April). However, the credit card and overdraft are worrying .... my plan is to reduce the overdraft to the sanctioned limit ASAP and then start making regular, large payments to my credit card.
Also, I'm often caught out by large annual payments (e.g. car insurance, apartment service charges, etc.) and end up sticking them on the credit card - where they linger for months. How do other people manage to pay these annual / semi-annual large payments?
I'd appreciate any advice/feedback on tackling this.
- 6K on my credit card
- 13k owed to credit union
- 2.5k bank overdraft
I'm not worried about the 13k credit union loan, as I'm making regular payments and am planning to pay it off when my SSIA matures (15k in April). However, the credit card and overdraft are worrying .... my plan is to reduce the overdraft to the sanctioned limit ASAP and then start making regular, large payments to my credit card.
Also, I'm often caught out by large annual payments (e.g. car insurance, apartment service charges, etc.) and end up sticking them on the credit card - where they linger for months. How do other people manage to pay these annual / semi-annual large payments?
I'd appreciate any advice/feedback on tackling this.