Money Lesson Single

Point your spare money at the debt

You pay the card what it asks each month and the balance barely moves, because the minimum is designed to do exactly that. What is the money you are putting somewhere safer actually earning, against what the card is charging you?

Employment Expenses Credit Card Personal Loan ISA

Clear the debt first

3 Goals

Send every spare pound at the borrowing until it is gone, then invest.

Try this plan

Employment Expenses Credit Card Personal Loan ISA

Pay the minimums

3 Goals

Pay what each lender asks and put every spare pound into the ISA from day one.

Try this plan

Clear the debt first Pay the minimums

Pointing the same spare money at the borrowing clears the loan ~2 years sooner and leaves you ~£42k wealthier than paying what the lenders ask.