Marc

Thank you for such an indepth reply. Certainly was interesting to read and helped me to understand the way the market works.

T.

Richard

I have sent another email, please let me know if you got that one or not.

Thanks
T.

Hi S.

Thanks for your input.

Yes, i will definitely be reducing the credit card limit, that is high on the agenda. 

My new repayments are not far off from what I am paying now, even including consolidation of the other debts, as the interest rates are even lower that what I was on, plus spreading the other debts over the longer term (which I know is not a good thing-but essential for the time being)  so I should be saving quite a few hundred dollars each month on outlay.

And like you say about getting things sorted out first. That is what i keep coming back to in my own thinking. I myself know i can do this investing thing, it just becomes so confusing and frustrating when you can't get started. So I go back to, firstly consolidate the home and debts, then can start on some kind of saving/cash flow plan to be able to finally get into the investment market.

Another option that has been suggested to me, is to rent out my existing home. (I do have somewhere i can stay at no cost), so all the outlay i have now, I will be able to save most of towards a deposit etc for something else. I begin to think this is a great option, but again get lost in thought after all the figure crunching and the need to have my own place again at some point.

Thanks again.

T.