updated soa, need help folks!

lynsayjane

Bossyboots wrote:

Putting your debt onto your mortgage is not a good idea. You will be paying interest on the sum whereas you currently are not. You will also be paying that interest for many years so in the long run it will cost you more. Your mortgage payments will go up as well, so I cannot see how you would be better off.

You would also be turning unsecured debts into secured debts and that is not a good idea either.

i know it's not an ideal solution, but it seems the most obvious to solve a good number of problems. my mortgage will only go up by £30-£40, i called them up about it before. it's due for a renewel in november so i'm (obviously) gonna shop about for a good deal on it. i'm not worried about them becoming secured debts, i've never failed to pay anything so have no worries about defaulting/risking my house.

Gemmzie

Car-wise my first car was an N reg 1.4 Fiesta Ghia which was £900 3rd party so I think you can get a decent enough quote if you look around (It was £1500 for the car)

Try autotrader online and if you get the pictures up big then you can whack the number plates into confused.com and have a play

Also, block book lessons, much cheaper and avoid the bigger driving schools (BSM, AA) as they often force 40 lessons out of you at a higher hourly rate hence why their pass-rate is supposedly better.
And if you pass within a year, take the pass plus - £100 approx equal to your first years no claims and should lower your insurance no end

For the theory, get the CD-roms off your instructor or from your local library, the questions are pretty simple basic road sense and the hazard perception is a computer game which you have to practise to learn how to pass.

Good luck

lynzpower

Could you not get a bike, or even a moped?

then you can use a little backpack to get your shopping & other stuff in and they are infinately cheaper to run

postingalwaysposting

calleyw wrote:

To work out your after tax wage look here

http://www.wellwoodhoyle.com/ard/?ID=326&SID=11


I assume that is £880 a month not a week. If it is a month. You are going to be tight running a car. As learning to drive is not cheap. Say £20 a lesson. So that is £80 a month and then after you have passed you are going to be spending that sort of money again on Tax, insurance and fuel.


Yours


Calley

op caley is right i earn about what you get per month (after tax, ni and pension) and i am learning to drive and thats about all my 'spending' money gone, it is soo expensive and then it will be the same agian to run a car, sometimes i think it will be eisier to stick with the bus, but we all need our freedom, lets hope you can learn and pass soon, good luck :rolleyes:

postingalwaysposting

postingalwaysposting wrote:

op caley is right i earn about what you get per month (after tax, ni and pension) and i am learning to drive and thats about all my 'spending' money gone, it is soo expensive and then it will be the same agian to run a car, sometimes i think it will be eisier to stick with the bus, but we all need our freedom, lets hope you can learn and pass soon, good luck :rolleyes:

sorry this was posted when there was 1 reply, teaches me to do four things at once:p

calleyw

lynsayjane wrote:

mmmmmm brand new bmw z3 with free insurance :cool:

:rotfl:

I was think along the lines of smaller car than that like a what the new fiesta is called.


Yours


Calley

calleyw

It is going to be tight.

Did you say how you would be able to finance the car. Where you going to re-mortgage or was for that just for the debts.

And I do agree about needing some sort of transport as my husband would never let me wander around at 5am or 11pm by myself.

Is there any chance of scrounging lifts and bunging them a few quid for fuel.

Becuase if you worked with me I would make sure I gave you lift everday to and from work even it meant I went a mile or two out my way.

I am funny like that. Even about guys don't like them wandering around at night by themselves and make sure that I see people to there front doors and watch them go in.

Yours


Calley

lynsayjane

just spoken to my mum about it. she's normally my sounding board on these things but it was before 6pm so no free calls when i posted.

she doesnt see a problem with adding an extra 6k onto the mortgage at the mo, even extending the term back to 25years. as far as she is conserned a car is almost a necessity for me, really worried about me walking to work. and at the moment i'm not going to be here for more than a couple of years, by which point hopefully i'll be dinky (dual income no kids yet) and can maybe start thinking of repaying early. after all i'm only 25. even at the longer term i'll still be mf at 50