I got myself into debt and need help how to get out of it?

[Anonymous]

My partner and I both owe about £5000 on credit cards.
we both have good jobs and can pay it back but as soon as I pay some off I always seem to just spend it again. Does anyone have any tips if they’ve gotten themselves into this situation before? Our rent and bills are a lot so we are moving to a cheaper place as well

[Little_Bumblebee]

Seems like the issue is how you use money.

Learn how to budget your money. And stop overspending or try living a more lavish lifestyle than you can afford.

Really go down to what the rent and other necessary bills will be, That's a set amount you need to pay every month.
Then think of a proper budget for food and try to stick with it.
A certain portion of your paycheck should be for a savings account and save a little for the fun perhaps. But dive down into how you spend your money, what is necessary and what isn't.

And gradually pay off your debt.

[WhitneySnow]

You’re doing the right thing moving to a cheaper place. Stop buying so much stuff until you pay off what you owe. I’m not an expert cause I’m not old enough to have my own credit card yet but I know that much.

[HD1450]

Cut the credit cards into tiny pieces and pay the damn bill off... When I was a lot younger, I did the same thing those credit cards make things to damn easy to buy things and I went so far as to go to my bank and tell them that when the renewal date rolls around and it will, do not automatically send me a new card because they damn sure will send it unless you say something to them not to send it... Good Luck

[jamesgoldman]

Cut the cards up and pay it off, then switch the payments to another current account then spend from that interst free

[Anonymous]

Key is to cut the cards and stop spending. Maintain discipline and pay down that debt, then you can do whatever you want after it's gone.

[Wise4myage]

Tear up the credit card and never use it again.
Look around for better interests rates, and double up on your payments.