u/Actual_Wind_3473

Hello all,

I'm hoping for some advice in regards to my debt.

I have about £30k in consolidated debt, which I am paying off at about £650 a month

I am about to get about £5k in cash do I:

Put the 5k paying off that debt

Put it into savings an accrue interest

Invest it into something safe

Something else

The debt was from bad habits which I have now stopped and I just really want to get rid of it.

My bills including the debt is about £2600

And I am making about £3400 a month.

Any helpful advice is much appreciated

Edit: There is 0 interest on the debt as I have consolidated it all into a personal load and am just paying £650 a month towards it

Edit 2: I'm about to break the news to my wife, wish me luck...

Hello all,

I'm hoping for some advice in regards to my debt.

I have about £30k in consolidated debt, which I am paying off at about £650 a month

I am about to get about £5k in cash do I:

1. Put the 5k paying off that debt
2. Put it into savings an accrue interest
3. Invest it into something safe
4. Something else

The debt was from bad habits which I have now stopped and I just really want to get rid of it.

My bills including the debt is about £2600

And I am making about £3400 a month.

Any helpful advice is much appreciated

Edit: There is 0 interest on the debt as I have consolidated it all and just pay £650 back a month