I’m in the process of selling my car at the moment. It’s been sat outside my house with a flat battery for the past few weeks and it made me realise that I keep the thing for a once or twice monthly trip to visit a friend or similar - a journey which, 99% of the time, is cheaper by train, and I can spend the travel time more productively.
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Mate trying to get rid off you credit card debts ASAP.
They have interest of like 30% or above.
No Savings till then.
see if you can get a loan from Monzo, it’s quick an their interest is 6%
something I would look into if I were you:
- get a loan from Monzo equal to your credit card debt (as the end of billing cycle)
- pay my CC
- start repaying Monzo debt from next month
if feasible you could save heaps of cash
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I’ve a 0% card, so I’m not accruing more debt while I’m paying it off.
Cheers for the advice though! 
The screenshot attached here, is this an app or an online service?
Well your mileage may vary but I’d look into what is a “need” and what’s in reality a “nice to have”
One saving I made was to look at each & every direct debit, things that are “£4 a month”/“£3.50 a month” were a big hitter for me. I added them all up, loads per month! So I culled like 80% of them.
I also made myself make a lunch each day and banned myself from getting coffees from shops etc, that in itself saved me £80 a month just by not having a shop coffee each day
This helped me get to a point where I have a “nest egg” which made cutting out coffees etc worth it.
Good Luck 
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That’s the Dozens app. I don’t really use it though, in the end I used Monzo and IFTTT to pay myself a daily allowance out of pot.
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Same here… Monzo and Ifttt is a winning combo.
Trying not to be cynical about this, but I just don’t get it…
It’s an arbitrary rule that might work for some people but everyone’s circumstances are completely different. The blog post even suggest altering the percentages, so why even bother at all?
Because it can be useful to set targets and the 50/20/30 ratios provide a good benchmark. It offers opportunities for moments of “Wow, no wonder I’m not able to save any money. Three quarters of my pay is taken up by my ‘needs’”.
Because they aren’t rules, they are guidelines and obviously they can be adapted.
Some people may be paying 10% in rent, and others 60%. The whole thing is completely pointless (in my humble opinion).
It’s a guideline. If you have more disposable (10% on rent) then you are in a good place. But it’s a way to see if you are over committing yourself somewhere or if you have opportunities to save/pay off more.
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As a starting point, or possibly as an aim for some people, I think it has a point. I think shaping the discussion the way you are isn’t helping.
For many people who are not good with money, and received little to no ‘financial learning’ at any point, it’s a simple guideline that should, for many people, help give them a focus. Maybe it means those people paying 60% rent look at that and think ‘hey maybe we should move’ (and maybe they should) but without things like this, would they even ask that question?
Sorry, but your glib responses aren’t really helping this discussion.
I’ll do my best to keep my opinion’s to myself in the future. Sincere apologies
Opinions are fine, we all have them. Just the way it was expressed in this thread (which I take as a positive one to help people better manage money) was a little off the mark… but that’s just my opinion.