I personally did not learn to properly manage money until I reached forty. I thank God It was before I turn fifty. I can't stress enough to you to learn basic money management skills. Budgeting, having an emergency fund of 3 to 6 months expenses, living on less than you earn and investing for the future. Here are a few good books to read.

The Total Money Makeover and Financial Peace by Dave Ramsey.
The Millionaire Next Door.
Rich Dad Poor Dad.

These books will change your life. I wish I could have read them when I was twenty.

The Millionaire Next Door is a great book and sooooooooo true.

Also I would recommend, The Richest Man in Babylon.

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Gary Spicuzza, *SAFE
Copyright 1956
No Rights Reserved
*Self Appointed Financial Expert

I ordered this book a couple day's ago from half.com, I can't wait to read it.

You should check out SavingAdvice.com forum

I have ordered this book too, i hope it lives up to the hype

Isn't the money to pay off your debts going to be coming from your paycheck one way or the other???

I suggest that you live VERY frugally for a while. Put as much money as you can towards your debt NOW. A 2nd job or more hours at your current job is a good idea. If you are working a lot, you spend less. It can be difficult, but many of us have done it. When you are out of debt, you will be much happier.

I can speak from experience that trying to pay the minimum on your debt and save in an average to above average (0.25-3.00% interest rate) savings account is pointless unless you have some crazy low interest rate on your loans, i.e. 0%. In the extreme scenario that your ISA is paying the same interest rate as you are paying in interest on your debts, they are, at best, cancelling each other out.

I doubt that is the case.

You will probably be losing/paying even more money in the long run, making savings pointless until you take care of your debts.

Debt 1st, savings 2nd.

Alright, I am in no place to give advice as I'm huge in debt but after looking around this is my current game plan.

I have $1,000 in a money market savings account.

I use Mint to track my debts and budget.

I do all of my spending using credit cards (budget tracking!! transaction detail software is a great help for staying on budget!). Also, this way I can pay my living expenses a month after I used them, which means I know EXACTLY how much I can pay on my debt.

After paying off my living expenses credit cards I pay as much as I possibly can on my debt!

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Help Me Pay Off My Debt - A chronicle of my quest to be debt free! Please, comment on how I am doing!

I agree, the second job, cheaper budget (living on rice and beans if need be) will definitely help get your repayment plan on the right track. I also think it is important to remember not to limit yourself too much in your budget or you will be highly unlikely to follow it.