Financial black hole ! Help!

[Financefloop]

We got our house renovated, all paid for with savings but had to pay for somethings with credits cards and now paying them back. I am trying to pay it all back by December when the 0% interest ends , but life feels so boring and I’m am tired of counting the pennies! What does eveyone think of our set up below ? What can I change ? Am I being too ambitious by wanting to pay it all off Asap? Or should I suck it up ?

DP income : All bills/food shop/ petrol/ car insurance/ £430 credit card minimum payments

my income : £1400 mortgage, £1500 overpaying on credits cards. With £100 left over

credit card debt is £3500 and £6500. We have no ‘fun money’ :(

we do have e a couple of thousand in savings as well.

any advice ?

Sound sensible to me. Others may disagree and say you can transfer some of it to another 0% card when this one finishes but then you’re just dragging it out IMO. Better to just get it done and paid off.

Only thing I’d say is maybe don’t go super frugal with the food shop, allow yourselves a few treats occasionally. If you’re being strict with not eating out or going to the pub etc there’s no reason you can’t maybe share a cheap bottle of wine and a decent supermarket pizza on a Saturday night as a bit of a change.

When you get upset about the lack of fun money sit back and look at your beautiful renovated home and remember why you did it :) this will only be for a short while and you’ll have plenty of spare cash to enjoy once the cards are cleared

I'm confused- you owe £10k on interest free cards and are paying nearly £2k per month? So won't it be paid off by Aug/Sept, not December? If that's right, you could pay a bit less and still have it paid by December but have a bit of 'fun' money in the meantime.

@RogueRascal Thank you ! That’s such a lovely way to look at it :)
@pinotnow Yes, that’s correct. It’ll be paid off by August.

Exactly! You've spent your fun money in advance, that's how credit works. Sooner you get it paid off, sooner you can start over. Until then don't focus on the lack, focus on what you've already spent it on and get the enjoyment from that.

Hold on and pay it all off. I did that and it was amazing to see it all coming down
I now finally owe nothing to anyone. Its a fabulous feeling.