how much do you save/pay off debt/live on per month

Lottiepots

We have a joint income of £2973...

We pay £500 to bills and rent.

£1558 to Egg Loan
£100 to Egg Visa (0%)
£100 to Virgin Visa (0%)

We try and budget £100 for food shopping, cleaning materials and toiletries.

The rest goes on much reduced mobile tarrifs, TV license, contact lenses and charity etc. This leaves us with about £200 a month for our own spending. I also work part time in the pub and this is used for birthdays etc..

Hope to be debt free by November this year and then buy a house... Will certainly start saving after we've paid off all debt!

JAMIEDODGER

lottiepots....just read your sig....well done you thats amazing rate to pay off your debts!!!

Lottiepots

Thank you we are just very lucky to have bills and rent at such a low rate at the moment.. frees up more to throw straight at debts..

We are also trying to be totally focussed because we want to buy our first home, got married last year and finally woke up and realised our situation!

JAMIEDODGER

just a quick update....i have now written a letter to next asking them to close my account and register that with the credit reference companies.....im on my way!!!!

James240

JAMIEDODGER wrote:

just a quick update....i have now written a letter to next asking them to close my account and register that with the credit reference companies.....im on my way!!!!

yay!! :T

well done Jamiedodger :T

loubie_lou

Thought i'd post mine seeing as everyone else is!!!

Income £1066

Bills (Per Month):

Rent: £240
Electricity/Gas: £14 (Live in a shared house)
Egg Loan: £206 (5 years remaining)
Overdraft 1: £2600 Overdrfaft 2: £900. Paying £100 off each a month. (Would like to do an SBT onto an Egg Card Soon (Hope I'm accepted!!)
Mobile: £30
Barclaycard: £50
Savings (for xmas and annual car stuff): £50

This leaves me with £276 a month which I spend on food, petrol and myself.
Hopefully I can pay a huge chunk of the overdrafts off this year and when I do I can put this extra money towards my Egg Loan becuase it flexible!

LL :j

sezdav

JAMIEDODGER wrote:

just a quick update....i have now written a letter to next asking them to close my account and register that with the credit reference companies.....im on my way!!!!

Im so please! But do follow this up in a few weeks with next to make sure theyve done it. They told me when i questioned it first that there was no way of them closing down the account. it would just sit dorment (yer with all companies thinking i had £4k of availble credit). The second time the manager over the phone told me that oh yes the account was close. I obtained a credit report and found next still on it!! I rang back up and had to basically beg and threaten to get them to finally shut the account.

Just to warn you sweety! sez x

rozeepozee

seanyboy wrote:

Hi All
Does anybody know of any bank accounts that allow us to split our account into 3/4 mini accounts within the main account. The reason why I want to do this is to live off one mini account but regularly save into another mini account and it will also allow us to budget easily as we will be able to see whether we are overspending or not. The only bank that I can find that does this is "Intelligent Finance"


Please Help

I think Egg does this, although it's a savings account, not current.

veron_uk

*Louise* wrote:

Income: Partners wage: £1500
My money - £364
Child Ben - £113.
= £1977

Outgoing:

Mortgage/Main Bills/phones etc:£900
Council Tax: £112
Kids bank: £25
Petrol: £100
Savings: Child Ben + £100
=£1350

The rest goes on Food shopping, and all other bits and pieces, including paying off some credit .

Anything left goes into the savings as well

Hi! I don't know how anyone does it! I'm in so much debt I contemplate ending it all! Outgoing way more than incoming! So, in more and more debt each month! Have 2 loans, credit cards... I'm your example of a bad money spender Read this site for hope. But I'm still hopeless. ... _pale_

JAMIEDODGER

veron - how about posting you incommings and outgoing so that we can see if we can help in any way....start a new thread and im sure you will get loads of help and advice (((hugs))) xx