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Old 09-06-2015, 10:32 PM
lazyplane lazyplane is offline
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Dude,
A piece of advice if you are serious about saving.
pls work on your credit card debt as your FIRST priority.

If i am in your shoes, i will work to get rid of this debt by 6 months.... not 2 years. The difference in interest payment can amount 8k for your debt.

I wont even bother to have any extra cash beyond next month expenditure for the next 6 months while i am doing this. You need to really focus on aggressive pay down of this CC debt with ZERO spending of credit card (regardless of the points that you think you may earn) until this debt reached zero.

I will also consider selling the car if i have to unless i really need this car to earn income . Consider getting the electric bike as a mode of transport since u mentioned that you have no kids and if you really need a means of transport for your work.

I know you may think what i am saying is drastic change for you. But if you ever want to break out from being broke to saving and investing , you need to do this basic step.


Quote:
Originally Posted by SiaOLiaO View Post
Me: Earn 70K pa full time + 20K pa part time Age: 34+
Spouse: 45K pa
Owns 1 car
Flat still have 2/3, about 240K to pay off.
My Credit card debts about 40K.
Just started to save.
No kids.
Studying Part time degree.
Not feeling stressful but don't like be bonded by CC debts.
Hope to clear debts in 2 year's time.
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