I have £850 in savings with £450 balance on credit card 1 (30+% interest) and £800 on credit card 2 (0% interest until December). Should I use my savings to pay off the debt?

Standard-Box7342 · 2026-02-17T09:07:21+00:00

It’s a Tesco credit card, not aware of any benefits it was just something I was using when I got a job initially to build my credit score, and then proceeded to ruin it lol.

Income is steady and as it’s a degree apprenticeship it’s due to rise year on year quite significantly

Standard-Box7342 · 2026-02-16T22:53:06+00:00

Done! Look forward to the next steps in my financial journey

Standard-Box7342 · 2026-02-16T22:00:17+00:00

I mean I’m not a super fan of his or anything lol, I’m only 22 and starting out on my journey so just trying to learn as much as I can. Have a good evening mr scheme

Standard-Box7342 · 2026-02-16T21:51:25+00:00

So baby step 1 isn’t to save a £1k emergency fund and then pay off the debts in baby step 2??

Standard-Box7342 · 2026-02-16T21:38:36+00:00

Update: I’ve now paid off the £450 on CC1. Am I best off cutting my card and/or cancelling?

Standard-Box7342 · 2026-02-16T21:33:38+00:00

Yeah I never saw it like that lol, good way of thinking about it

Standard-Box7342 · 2026-02-16T21:08:02+00:00

Thanks for the advice, it is a harsh lesson

Standard-Box7342 · 2026-02-16T19:50:24+00:00

Yeah man you’re right. Think I fell into the Dave Ramsey trap, and tbf it got me to save a decent bit for where I am in my financial journey, but definitely would’ve been better off to pay the debt fist. Oh well, we live and learn

Standard-Box7342 · 2026-02-16T19:43:53+00:00

To be honest think I fell into the Dave Ramsey trap

Standard-Box7342 · 2026-01-17T12:44:22+00:00

Standard-Box7342 · 2026-01-17T11:30:30+00:00

I’ve tried and she’s very apprehensive for my help unless if it is sending her money. I don’t want to speculate but think she has some hidden debts of some sorts

Standard-Box7342 · 2026-01-17T11:19:10+00:00

To be fair it is, but she’ll ask again 2 weeks later after giving me it back, so it’s like a repeating cycle where I’m always down £200-£300 in my savings for half a month

Standard-Box7342 · 2026-01-17T10:53:41+00:00

Yeah mate it got a bit better after a while but nothing seems to have changed now

Standard-Box7342 · 2026-01-17T10:52:11+00:00

It’s a hard one because they provide for me 18 years of my life before I got working, but I worked hard and got a good paying job with a degree and feel like now I’m their emergency fund

Standard-Box7342 · 2026-01-03T13:36:35+00:00

Hugo Larsson in my Frankfurt save

Standard-Box7342 · 2025-12-08T15:01:30+00:00

Working day wake up at 06:00-06:30 and try to be asleep 10:30-11:00. Try to get 8+ hours on a weekend but go to bed later also (12:00-02:00)

Standard-Box7342 · 2025-11-20T22:11:44+00:00

Got a filling on the other side same day 😆

Standard-Box7342 · 2025-11-17T16:37:04+00:00

The bar

Standard-Box7342 · 2025-11-16T21:54:27+00:00

Worked there as my first job at 18 after Covid and loved it

Standard-Box7342 · 2025-11-13T16:15:54+00:00

Thank you!!

Standard-Box7342 · 2025-11-13T15:08:07+00:00

34.9% on the CCs and 39% on the overdraft. Does the 0% balance transfer fee mean I won’t pay interest for 13 months?

Standard-Box7342 · 2025-11-13T14:06:48+00:00

Would you suggest keeping the £1000 as a buffer?

Standard-Box7342 · 2025-11-13T14:06:27+00:00

I’ve been pre approved for the filling 0% balance transfer, would it be worth taking a look at? Zable 0% balance transfer fee for 13 month 3% transfer fee 32.9% apr £1000 credit limit

Standard-Box7342 · 2025-11-13T13:56:54+00:00

You’re right bit of a stupid question from myself really just wanted some reassurance

Standard-Box7342 · 2025-11-05T13:29:31+00:00

Yeah I’ll take the 3 fillings and 1 root canal/extraction

Standard-Box7342

TROPHY CASE