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Salary Vs Debt

12357…11

Comments

  • acheekymunky
    acheekymunky Posts: 104 Forumite
    Income £11,000
    Debt £24,500

    I need a miracle! Does anyone recommend consolidating??

    Student loan £7900
    Overdrafts x 3 £5100
    Egg Loan £6500
    Egg Card £2000
    Amazon Card £3000

    Oh my god thats the first time I have written them down..feel like I am letting you read my diary!!

    Snowball calculator reckons I will be debt free by May 2009 provided I pay £500 a month..which cant be guaranteed because I work on commision...
    2009 thats years off...anyone got any suggestions for me to get this debt cleared by 2008 at most?!?!?!?
    Making the most of what I've got.
    I have now realised earning more money won't make me richer but clearing my debts will!!
  • mintymoneysaver
    mintymoneysaver Posts: 3,527 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Home Insurance Hacker!
    joint income £39,000 before tax, pension, company share scheme etc.
    take home roughly 25,000
    joint debt £4,700 plus mortgage

    some of you have so far to go, you have my utmost admiration for tackling it!
  • Iwantmorecash
    Iwantmorecash Posts: 113 Forumite
    im self emplyed so i can only put my income for 2005 B4 tax

    Income 11k
    debt 62k

    :eek: :eek: :eek: :eek: :eek: :eek:

    I am looking for job though so this should change shortly. :confused:
    Debit was £64k (light bulb Feb 05)
    Debt now 60K Dec 07 DFD= nov2019 :confused:
    "The only time money comes before work is in the dictionary"
  • shefmot
    shefmot Posts: 26 Forumite
    Income: £26500 (+Bonus)
    Debt: £20,385 + Student Loan + Mortgage
  • bad_doo
    bad_doo Posts: 36 Forumite
    Income: 12000 (more if I do more overtime)
    debt: 6543
    I owe, I owe,
    its off to work I go,
    I work all day for f***all pay,
    I owe, I owe, I owe :rotfl: :rotfl:

    Debt: Credit card £2170
  • Kateelizabee
    Kateelizabee Posts: 58 Forumite
    My income: £12,924

    At a 1.70 exchange rate

    My debt: 15,882

    Looking for a new job as we speak!
    I'm an American living in Oxford using the exchange rate to my advantage. (As of 4 Oct 2006: 1USD=1.88GBP)

    Debts at highest November 2004: $29,464.51 _pale_

    26 June 2006: Down to $17,701.27
    Private Student Loan: $3,073.61 (7.83%)
    US Federal Student Loan: $14,627.66 (5.3%)

    4 October 2006: Down to $11,622.66
    Private Student Loan: PAID IN FULL!
    US Federal Student Loan: $11,622.66 (5.38%)

    Debt Free Date: 27 September 2007, my 25th birthday!
    :dance:_party_:dance:
  • LookingAhead
    LookingAhead Posts: 4,633 Forumite
    Salary: £17500
    Debt: £16600

    Lightbulb moment? Errr possibly as I typed that.
    Bank Balance: In the black for the moment.
    Sainsburys Loan: Cleared July 2010
    Credit cards: AMEX Airmiles Card: direct debit set to clear balance monthly
  • pinkfluffybabe
    pinkfluffybabe Posts: 2,989 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Academoney Grad
    Salary £22K
    Debt £8K
    Not buying unnecessary toiletries 2024 26/53 UU, 25 IN
  • roversbabe
    roversbabe Posts: 1,008 Forumite
    Debt-free and Proud! Mortgage-free Glee!
    Salary
    mine - 19500
    his 17000

    Debt
    my cc - 1400
    his cc - 1000
    joint cc - 1800 (was a loan but did an SBT for a MUCH lower interest rate)


    Should be clear by may this year as I've got some share options maturing - bye bye debt!
    Official DFW Nerd Club - Member no. 027

    Debt free: 6th April 06 :T Proud to have dealt with my debts
  • System
    System Posts: 178,374 Community Admin
    10,000 Posts Photogenic Name Dropper
    Debt £44000
    Income £30500
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
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