Debt help please!

insider66

Can I just say, distressed - this may feel uncomfortable but people are genuinely wanting to help, so please don't feel that any comments or questions are negative.

10past6

distressedpleasehelp wrote: »

Hi, there are 4 of us, 2 adults and two teenagers

That's £700.00 far to much, honestly, most members can feed a family on less than £300.00 per month, have a look at the forum I've posted above.

I agree with insider, I mean no offence, it's only when one starts to look from outside the box does it become clear how easy it is to cut back.

insider66

distressedpleasehelp wrote: »

I have no rent because I'm allowed to stay in this house after my divorce until my son is 16 so for another 3 years.

Do you have any equitable interest in the property?

P.S. have you opened a bottle of wine yet?:D

There are things that can be done to sort this out.

distressedpleasehelp

Nope no interest in the property.

Thanks for this help, I'm calming down already.

It's nice to know there are helpful people out there

katie2407

your mobile phone - can you reduce that . is it on contract and can you go to pay as you go

10past6

distressedpleasehelp wrote: »

Mobile phone............................ 70

Any reason why this is so high?

10past6

Click here and join in on the thread also, it's another way of helping reduce your grocery bill, the members on there are very supportive.

10past6

distressedpleasehelp wrote: »

I put the £1,000 as the amount I spend in tesco

Have you considered using an alternative supermarket like Aldi / Netto / Lidl?

distressedpleasehelp

The mobile bill is for three phones, 2 for my children both on contact and my pay as you go, which i only use for emergencies

MyLastFiver

Hope you don't mind me chipping in but £1000 p/m on food, clothes and sundries, even for a family of 4, is far, far too high. Even half that amount would still seem a bit extravagant. Where do you buy your clothes? Harrods? :-)

If you were able to, say, get this down to £400, you would be in a much better position, as you would have £600 more per month for your creditors. With this amount available, your creditors would be likely to accept reduced payments through a Debt Management Plan.

Please forgive my honesty but, based on the info you have given, and the level of your debts, it would appear that you have been significantly overspending for a long time. I think it will help if you reflect on where your money goes.

Your situation isn't too bad but it will need a lifestyle change. If you have been overspending on non-essential items then it shouldn't be too hard for you to see where you can make cutbacks.

Good luck