your making nearly 50k a year man holy crap you must have a great job. However, it sounds like your living beyond your means. Gym? Why not go for a jog or buy some equipment which will save you money in the long run. Sounds like you've no car either so god knows what your borrowing for. Sounds like plenty of holidays. Maybe you've got to learn to say no to those (or too many) expensive trips? Phone bill is 62 a month as well! **** sake man move to meteor and get your free calls and texts for 20 euro a month. Your going to have to ask yourself what you can cut down on. Add all your savings up and then check your figures.
If your borrowing to pay off other loans then your in real ****. Maybe sell off some of your things? its much better than consolidation my friend. It costs a fortune for that. Oh and dont forget you can always cash in your pension any time you like if you really need alot of money fast (charged at about 23 - 28% tax as far as I remember).
You can only cash in your pension within the first two years of starting it but after that time its locked in until your retirement.
Further to all this, I'd like your opinion with a new plan I have come up with.
I've decided to put away 100 euro a week to a seperate savings account. Hoping that it will grow, but if needed I can use to cover any extras or, hopefully, when enough saved to pay off loans quicker by lump sum.
Does this sound like a good idea or can anyone see any flaws with the idea?