AIBU to think we can clear £12k debt in four months?

[Climbingoutofthered]

mumsnetters please help!

DH and I have 12k worth of credit cards debt between us - this is a mixture of doing up our house and then shoving a holiday on cards because we needed a break after the renovations, by this point DS hadn’t been away for 3 years either. So it’s not overspending- I know where it came from.

I now want to clear this debt very fast!! Within 3 to 4 months, we have the income to clear it down at a rate of 3200 a month. With all other bills paid.

this would mean 4 extremely TIGHT months. No coffee out, no takeaways….. nothing.

i have budgeted 600 pounds a month for food and household consumables such as laundry liquids etc. DH doesn’t believe this is possible!! We are two adults and one very hungry boy.

who is BU! Me or him 👍

You can probably get your food bills under £500 a month TBH. So probably you'll have enough for the odd takeaway.

Just remember to factor in things like shoes, underwear, haircuts etc as well. That's where the money goes in our house anyway! And things like insurance or getting the car through it's MOT.

If you can get a 0% for six-months CC then do. Aim to pay off over four months with the luxury of having the extra two if needed.