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  • FIRST POST
    • Skykyo
    • By Skykyo 3rd Oct 16, 8:10 AM
    • 6Posts
    • 0Thanks
    Skykyo
    8k till the day DFW
    • #1
    • 3rd Oct 16, 8:10 AM
    8k till the day DFW 3rd Oct 16 at 8:10 AM
    The stats:

    2300/3000 dad cc 45/pm 0% renew card Feb 17
    2850/3200 credit card 30/pm July 19
    2000 /2000 overdraft 0% 1k due July 17
    1166/1400 credit card 30/pm 0% sept 17

    £45 p/w available for living. What do you guys love on? I used to do 15/pw but found I never had enough to do much on and was pretty miserable. I do crave takeaways a lot and have super cut back but with just spoiling myself once on food I lost my £15/pw so I increased it as everyone will slip on so I plan for the worst wish for the best now

    (/ shows limit and amount paid off so far)

    The issue:

    I built up these debts pre-uni / uni and got a job on graduation day but I also then got a letter from child support saying I must pay 20% of my GROSS and hey won't take into account my debts. I do over pay a lot on my card and my current spend is about £165/per month problem is I have £200 extra income so I have about 40-50 a month so I guess I'm still on £15/per week still but with added flexibility that I can find extra vs tough times

    Iv lost my job house and fianc!e pre uni so went to college/uni to better my life prospects now I temp for money while trying to build my career. It I don't see a way out.

    I do pay £25 a month for investing so that when I'm 40 in 10.5 years I can have a house deposit and somehow will need a.l new car. Wrote then. Currently it's £125 and iv made 8% on paper

    I also have about £170 in savings incase I need the money for rent as a buffer as I don't know what I'd do if I get to £0 in account with no savings then bills are due although bills I can do by credit card but not rent
    Any advice or tips please feel free, so if u were me what would you be doing different? How much do you live on after bills?
    Last edited by Skykyo; 03-10-2016 at 8:12 AM.
Page 1
    • Skykyo
    • By Skykyo 3rd Oct 16, 9:10 AM
    • 6 Posts
    • 0 Thanks
    Skykyo
    • #2
    • 3rd Oct 16, 9:10 AM
    • #2
    • 3rd Oct 16, 9:10 AM
    Please also advise which debt to pay off first. I don't know which one is better / more important for my situation.
    • Skykyo
    • By Skykyo 18th Oct 16, 12:45 PM
    • 6 Posts
    • 0 Thanks
    Skykyo
    • #3
    • 18th Oct 16, 12:45 PM
    • #3
    • 18th Oct 16, 12:45 PM
    Added a little to my credit card as natwest wanted to reduce my overdraft as they wanted to charge 16.5% on anything over 1k!!

    So debt now looks like

    1200 credit card
    1000 overdraft
    550 gf helped me reduce od
    2255 dad credit card
    2835 consolidating cc

    Total 7840

    Not going to lie feels amazing to have halved my overdraft with my bank from 2000 to £1000 550 I owe me gf tho as she helped so I paid no interest but it's coming down slowly

    I actively work on this weekly and have so far paid around £750 off total debt in the year. I live on £50 a week so it's very difficult to pay lots and I have done almost everything I can because of my circumstances. I do pay £133 minimum as part of my bills all 0% and then extra on top from the £50 a week so it is coming down!

    Just updating
    • Skykyo
    • By Skykyo 18th Oct 16, 12:47 PM
    • 6 Posts
    • 0 Thanks
    Skykyo
    • #4
    • 18th Oct 16, 12:47 PM
    • #4
    • 18th Oct 16, 12:47 PM
    How much do you all live on per week week after all bills are paid? If ur just paying for yourself
    • Bobarella
    • By Bobarella 18th Oct 16, 1:52 PM
    • 8,010 Posts
    • 51,406 Thanks
    Bobarella
    • #5
    • 18th Oct 16, 1:52 PM
    • #5
    • 18th Oct 16, 1:52 PM
    Hi there

    I'm glad you are feeling happier from reducing your OD. It's nice not to get paid and go into the red immediately isn't it.

    Have you tried filling in a full statement of affairs and posting it on the main DFW page? You will get a lot more advice there than on the diaries page.

    To be honest I don't think it will help you to know what others live on after bills. It's so specific to the individual isn't it. If someone earns £100,000 then they may have a huge amount more in disposable income than someone on £20,000. Admittedly both parties will have a problem if they exceed their salaries regardless of income but you see my point.

    All the best

    Bob
    £790 to pay =70% repaid
    RR 2016 #2 December £0.80 2016-£55.16 2015- £84.20)
    Wombling Free 2016#5 £2,235.71 2015 £1027.20
    NST December
    PAYDBX #7 £1910.53/£2,700 (70%)
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