Well I have done it.

Fuffa

cmjohnson_86 wrote:

Surely if you are earning £14,500 per month, you could EASILY pay off your debts, just make bigger payments to people you owe money too and that way its getting paid off much quicker.

I can't I have a flat and bills on top of that to maintaneMy wages simply don't cover everything each month.

Just realised I typed in £14,500.

I don't earn that I wish! I earn £1450.per month.

ms_london

Fuffa wrote:

ms_london here is what I owe

Credit card 1 £1382.05 I pay £75 per month
Credit card 2 1404.62 I only pay £15-20 per month
Loan £11,411.94 I pay £291.16 per month. 3 1/2 years left

I also have a car whihc I pay £113 per month and two and a half years to go.

I earn around £14,500 per month but Including bills and food petrol it's becoming a struggle really.

F x

Hi there.

I presume you earn £1,500 a month?? Haha!! How nice would it be to get £14,500 a month? :0)

Could you list all of your other outgoings too? Rent/petrol/council tax/food/ etc etc. If you dont want to do it on board, you can PM me.

Ms_London

Fuffa

Yeah sure I'll mail you later if that's ok?

Peppa_Pig_5

Hi Fuffa

Well done on joining this site. I am a newbie also. I have £10,800 of debt and want to clear this in a year. I have followed much advice on this site and have got got my outgoings down by quite a bit every month. I have changed my phone line, reduced my sky, broadband, found cheaper insurance etc. I have worked out that I can throw £650 at my debts each month.

I know I need to get about £900 a month and that is with a 0% credit card, which I haven't been able to get yet due to a bad credit history a few years ago. I have thought about extra work as I only work part time mornings at the moment, but I have to watch out as I may not get the rewards due to extra childcare costs. My husband works shifts full time, so difficult to work out what work I can do.

But I am determined and so are you by the sounds of it. So hang in there Fuffa and good luck.

citygal

Well done fuffa!:j give yourself a pat on the back!

Isn't it great when you decide to take some action, rather than ignoring it?

As for clearing 12 K in one year- I don't know. Depends on what kind of Salary you are on.....maybe over 2-3 years?

Have you tried moving your cards to 0%? That would reduce the debt
Good luck

Fuffa

Peppa_Pig wrote:

Hi Fuffa

Well done on joining this site. I am a newbie also. I have £10,800 of debt and want to clear this in a year. I have followed much advice on this site and have got got my outgoings down by quite a bit every month. I have changed my phone line, reduced my sky, broadband, found cheaper insurance etc. I have worked out that I can throw £650 at my debts each month.

I know I need to get about £900 a month and that is with a 0% credit card, which I haven't been able to get yet due to a bad credit history a few years ago. I have thought about extra work as I only work part time mornings at the moment, but I have to watch out as I may not get the rewards due to extra childcare costs. My husband works shifts full time, so difficult to work out what work I can do.

But I am determined and so are you by the sounds of it. So hang in there Fuffa and good luck.

Thanks Peppa we can both do it!I think getting another job would be a good idea for me.Maybe nights at Tescos/Bar work or something like that I have a 0% CC and I'm def using that to clear some of it so hopefully this time next year we'll both be debt free! :j

tomstickland

Some rather random! guessed numbers
Take home £1,450
Rent £500 pcm
Bills £100 pcm
Food £150 pcm
Travel £150 pcm
Other £100 pcm

Total £1000 pcm

Giving you £450 for debt payments, say £6K per year. Clear debt in 2 years.