Sick of being poor

Antispam

OP also posted this in debt forum

http://forums.moneysavingexpert.com/showthread.html?t=2398017&highlight=

lifeonhold

I got 20k debts. After rent, bills, cc min payments/loan every month.....not much left. Just the rent and cc payments/loan every month total £1100. I take home £1850 a month and travel 30miles in the car to work every day.

Antispam

You need to sort your debt out, how come you got into so much debt?

30k is a good income, obviously your debts are the issue here

Can you not move closer to where you work and sell car?

Enfieldian

KimYeovil wrote: »

£30K per annum and you think you are poor? £30K per annum and you are 'scraping' by? If you are that delusional then it is psychological, not entrepreneurial, help that you require. Contact your GP.

In London £30k is barely enough.....

JoJoB

lifeonhold, we have £18K of debt and the same income as you. 6 months ago we started a debt management plan with payplan in which we requested all our creditors to stop charges and freeze interest and accept a new payment plan in order to clear our debts.

We now pay £109 per month to our creditors, most of whom have accepted the plan and a couple who we think will accept it soon. This means we will be debt free in 14 years and in the meantime have enough to live on.

OH's income has only recently gone up to 30K though (after the plan went into place, we have just kept quiet about it for now so we have a little more income), so you may have to pay more than us, but even if you had to pay £300 per month it would be better than £1100.

It is much more feasible to deal with your money problems by attacking the debt issue than raising your income through risky means.

lisa1208

are you taking the michael? I have been left by my ex in a huge amount of debt with two kids and only get maintenance as and when and am temporary on benefits while everything is being sorted out and am worried where this weeks shopping is coming from let alone all the bills and you are bleating cos you are "only" on 30k with no mortgage. I dont know whether I should laugh or cry!

NeverInDebt

You are very fortunate earning that income plenty of people earn far less than that, but you been unlucky or foolish in owing so much. You need to now get your debt in to order earning that sort of money should help

You say you work in public sector, normally you get a reasonable pension when you retire

wobblegobble

In public sector but no pension????? If you had a public sector pension you would have been well on your way to not being poor! Any reason for not having one?

jkc_2

I sugest cab, I went and they were brilliant. they contacted all my debtors for me and I was able to reduce my monthly repayments. all this free of charge.

KimYeovil

jkc wrote: »

I sugest cab, I went and they were brilliant. they contacted all my debtors for me and I was able to reduce my monthly repayments. all this free of charge.

Don't be stupid. This idiot has to increase his repayments, pay off his debts, not prolong things. He has plenty of income and can repay over two or three years. That leaves six or seven years for him to save up for his daughter (and himself.)

OP, you have to grow up and realise you are a father. Your daughter does not want or need a crippled, green-eyed, bitter, avaricious, greedy fool to support and love her. Even if she goes through a phase of being an obnoxious, brands-obsessed, 'but my friends all have one I can never show myself in public', 'you would if you loved me' modern child it is not your role to indulge such crassness. You are her father, not her sugar daddy.

Pay off your debts as quickly as you can (not as slowly as you can) and you will have more than enough spare income to plan with (or celebrate occasional indulgences.)

There is, of course, nothing necessarily wrong with being avaricious - you just can not couple it with the bitterness and greed.