Gran helping me get out of debt.

partickz

RAS wrote: »

Perhaps you wanted to be different, then?

And now? You sound like you may want to be more like your brother?

I used to think my brother was embarrassing as he lived a very simple life and spent little money. He was happy to accept my hand-me-downs (although given the fact that I had only wore stuff twice before I thought it needed replaced I can kind of understand why now).

Damita

All I can suggest is sell things you do not need, sell the car (if you haven't put petrol in it for nearly a month, why have such an expensive car?), you should be thankful for all the support you are getting...

You have an extra £750 a month? Can't you start paying of some of these cards? CUT UP YOUR CARDS!

Seriously! Me and partner get by on only £1,300 a month! and that is for our whole household runnings...

Edit, well done for selling the car Hand-me down clothes are cool these days, vintage and all

Crap_with_money.com

Great news on the overtime! And fast work with the car!! You've had a productive day to say the least!!

partickz

Crap_with_money.com wrote: »

Great news on the overtime! And fast work with the car!! You've had a productive day to say the least!!

Not managed to sell the car yet. The guy wants to sleep on it and see a few others he is interested in before he makes his mind up. Think it is a buyers market.

partickz

Damita wrote: »

All I can suggest is sell things you do not need, sell the car (if you haven't put petrol in it for nearly a month, why have such an expensive car?), you should be thankful for all the support you are getting...

You have an extra £750 a month? Can't you start paying of some of these cards? CUT UP YOUR CARDS!

Seriously! Me and partner get by on only £1,300 a month! and that is for our whole household runnings...

Edit, well done for selling the car Hand-me down clothes are cool these days, vintage and all

Yeah mate I can start chucking money at the debts now. Only just had my LBM. My Mum has paid my Burton Store Card as a Birthday/Christmas gift. She has also agreed to let me off with my rent and contribution to groceries for a few months provided I use it towards my debts. I cancelled my mobile phone today as the contract expired in August and I only use it too text my mates and talk to my GF. I will just use MSN and Bebo and phone my GF on the landline when it is free. My Mum is also looking into getting broadband added to our phone package to see if it is cheaper.

I am sooooooooooooooo lucky to be getting all this support.:j

Crap_with_money.com

That's not bad going for a few days work!! You've managed to reduce your outgoings to what about £20? (Provided you cancel the other insurance/car insurance - that only leaves your contribution to Sky?)

Plus you've had one debt cleared, set up a lower interest loan for a huge chunk of the debt - and making roads to sell your car! Not to mention the £500ish you have towards xmas pressies or whatever from your Burtons refund!!

I'd say that's a pretty good job! - Well done!! :T

Now for the hard bit though - clearing the actual debt! But with the money you now have available - that should take no time at all!!

RobertoMoir

partickz wrote: »

I used to think my brother was embarrassing as he lived a very simple life and spent little money. He was happy to accept my hand-me-downs (although given the fact that I had only wore stuff twice before I thought it needed replaced I can kind of understand why now).

The true path is often somewhere between the middle of the two extremes.

I like to keep my smart clothes smart, who wouldn't, but when I have some right old scruff in the back of a cupboard for when i'm tidying out dirty cupboards and taking the junk from them down the tip. And some of the 'right old scruff' started out as smart once...

hbl_2

partickz wrote: »

Do you think I am in that bad a mess? Am real worried now. A would rather try and pay it off as I lived beyond my means. My mum would kill me as well.:o

Going bankrupt is not an option considering that your outgoings are so low! I repaid £15,000 in 18 months on a salary less than yours with similar outgoings.

Bankruptcy is not a cheap way of getting out of debt, and while you may be discharged after a year, it will hang over your head for at least a decade while the trustee looks to recover what minuscule assets you may have or receive in the future.

I will assume that the person above was trolling!

If you have no kids, no mortgage, no car payments, no demanding girlfriend... there is no better or easier time to pay off that money. I said to myself I'd be free of all debt save for student loan by 30, and when I got into the swing of it, I paid off all my consumer/graduate loans by 27 (started aged 26). I saved £2000 in interest, have earned about £500 on savings (once you've paid it all back, it's a breeze to save half of what you earn), and am buying a new laptop next week that I otherwise would never have afforded.

partickz

Crap_with_money.com wrote: »

That's not bad going for a few days work!! You've managed to reduce your outgoings to what about £20? (Provided you cancel the other insurance/car insurance - that only leaves your contribution to Sky?)

Plus you've had one debt cleared, set up a lower interest loan for a huge chunk of the debt - and making roads to sell your car! Not to mention the £500ish you have towards xmas pressies or whatever from your Burtons refund!!

I'd say that's a pretty good job! - Well done!! :T

Now for the hard bit though - clearing the actual debt! But with the money you now have available - that should take no time at all!!

Thanks.... If I last until half ten tonight it will we a full six days without spending any money...... packed-lunch and a two litre bottle of tap water in my bag and a ten-minute walk to work. No more taxis because I cannot be bothered walking, bottles of irn-bru and papers for me.

• Given 30 days notice to mobile phone contract
• Cancelled elephant car insurance
• Collected up nearly 150pound worth of change/notes from around my bedroom...... if anything showed my previous attitude to money it must be that

I will try and phone AIG about the 'mystery' insurance tomorrow.

Also- sold the 'inherited' car for £1200!!!! :j :j Going to put half to the debt and the other half to a weekend away for me and the GF- if I can convince her that it is worth the money.

miss_corerupted

ooo well done. Can't believe you had that much lying round your room.
At this rate you'll be debt free in a matter of months!!