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  • FIRST POST
    Miss Debt
    Confessions of a 27 year old in 13'500 worth of debt !!!
    • #1
    • 3rd Feb 09, 11:53 AM
    Confessions of a 27 year old in 13'500 worth of debt !!! 3rd Feb 09 at 11:53 AM
    Hiya

    Every couple of months I log onto here to get some advice and support. If you read through my previous posts, my debts have decreased substatially.

    I'll give an update of my outgoings and you guys can tell me how you think I'm doing. Any tips, I would be very grateful. Here goes:

    Monthly pay - 1420

    I live in a flat with my partner so we split the rent, council tax, tv licence, food shopping and electric.

    Monthly outgoings-

    Rent 315
    Electric 16
    Council tax -43.50
    Petrol 50 ( I paid my car inusrance in full last month)
    Mobile - 30 (unlimited texts and unlimited internet access)
    Loan- 493
    Work Union - 8
    houshold shopping monthly- 60 approx (shopping is twice a month, I pay 60 approx, then the next time partner pays 60 approx)

    quarterly outgoings

    tv licence - 17.06
    water - unsure as haven't received a bill yet, moved in flat Nov '08


    Debts owed-

    Credit card - 1400 (my card is 0% interest at the moment, I also decreased the limit to 1500)
    Loan - 11080
    O/D- 1000 (my o/d is 0% interest)

    Is there anything else I need to add and I'll amend it, or anything that doesn't make any sense.
    Last edited by Miss Debt; 03-02-2009 at 12:53 PM.
Page 1
    • bryanb
    • By bryanb 3rd Feb 09, 11:57 AM
    • 4,764 Posts
    • 3,470 Thanks
    bryanb
    • #2
    • 3rd Feb 09, 11:57 AM
    • #2
    • 3rd Feb 09, 11:57 AM
    How do you manage 60 p.month shopping? Does this include food?
    This is an open forum, anyone can post and I just did !
  • Miss Debt
    • #3
    • 3rd Feb 09, 12:00 PM
    • #3
    • 3rd Feb 09, 12:00 PM
    Sorry, I should have said it's 120 between us. I'll add that.
  • GeorgeUK
    • #4
    • 3rd Feb 09, 12:04 PM
    • #4
    • 3rd Feb 09, 12:04 PM
    Have you tried using the statement of affairs calculator? It is a great tool and has just about everything you could need. Waster rates, council tax, insurance?

    http://www.makesenseofcards.com/soacalc.html
    After falling off the gambling wagon (twice): 33,600 (24,000+ 9,600) - Original CC Debt: 7,885.91

    Dad Gift 6k Savings & Inv Tst: 2,500
    Loan 10k: 0 Dad 5.5k: 2,270 LTSB: 0 RBS: 0 Virgin 0 Egg 0

    Total Owed: 2,270 (+6k) 11/08/2011
  • Miss Debt
    • #5
    • 3rd Feb 09, 12:06 PM
    • #5
    • 3rd Feb 09, 12:06 PM
    Thanks George. I'm going to use it now
  • Merlinexcalibur
    • #6
    • 3rd Feb 09, 12:09 PM
    • #6
    • 3rd Feb 09, 12:09 PM
    I shouldn't worry about your debt. I say 'jovially'. I'm 'mortgaged' for life to my student loans taken out between 1993-95. And the rest of the debts that come with 'modern living'. Can't repay them, never earned that much pcm and probably never will.
    Any help, opinions, views I may hold those are my own. Respect them as you would expect the same in return. Offered freely, is gleaned from a lifetime of experiences, knowledge gaining. Passed on to benefit others. I may be direct, ask you questions but those are to help you. Up to you if you choose to take it. I won't judge you either way.
    • shazzer22
    • By shazzer22 3rd Feb 09, 12:18 PM
    • 489 Posts
    • 927 Thanks
    shazzer22
    • #7
    • 3rd Feb 09, 12:18 PM
    • #7
    • 3rd Feb 09, 12:18 PM
    Afternoon Miss Debt, I'm 26 and got about double that, know its not much help but it always make me feel better when I know people are in the same situation...

    How much do you spend on going out/clothes/holidays/hobbies?

    When your car tax is due for renewal do you just pay it from that months salary (like me!) or do you budget for it across the year?

    I really didn't think I spent a great deal on food but when I started adding up all the 'quick pop down the shops' for some butter or milk (add in magazine and lottery scratchcard etc etc) I was amazed that more than half my spend was on rubbish I didn't really need!

    Have a look at spendingdiary.com, I love it coz I hate having lists of spending lying around my boyfriend can nose through!
    • shazzer22
    • By shazzer22 3rd Feb 09, 12:20 PM
    • 489 Posts
    • 927 Thanks
    shazzer22
    • #8
    • 3rd Feb 09, 12:20 PM
    • #8
    • 3rd Feb 09, 12:20 PM
    PS - Is your council tax included in your rent?
  • Miss Debt
    • #9
    • 3rd Feb 09, 12:31 PM
    • #9
    • 3rd Feb 09, 12:31 PM
    OMG! You're so right I just used the spending diary just for today. This my day so far.

    I didn't drive as I was bit scared because of snow. So I took the bus (1.00), only to find my manager told me to go home. So on the way home I bought a stir fry pack for tonights dinner (1.00) and then it's my nephews bday this friday so I bought a card and pressie (11.49). Another 1 for bus home and then when I got home I ordered a valentine pressie for my partner (8.45).

    That's 22.94 and it's only 12.30!
  • Miss Debt
    no I'm going to add c.tax, tv licence to original post and not sure what water rates is yet as we haven't lived here for long so haven't had a bill.
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