I need to save pay off an £1000 debt-any help?

Laurenbelle

I really appreciate the help i got so far, i would appreciate it if we could just leave it here. I guess i didn't expect to get so upset over some replies. For someone who can judge me so quickly over just a couple of paragraphes "Not trying very hard" and "that my priorities are all screwed up" and on top of that for someone to thank that person!! As i said thanks for the positive, genuine replies i did get, i will find my own way from here on ...

Laurenbelle

in years to come, they may well thank you for introducing them to "reality" before it really hurts them... your absolutely crazy!!
I came here for info on how to make extra money and end up getting told within 10 posts that my i " need to introduce them to reality before it hurts them" Crazy i say!

piglet6

Laurenbelle wrote:

in years to come, they may well thank you for introducing them to "reality" before it really hurts them... your absolutely crazy!!

I'm sorry you don't feel my advice is worthy of posting...

crawley_girl

Come on now... don't get nasty!

You asked for some advice and people started to give it too. It was going to be inevitable that you weren't going to like the advice offered as it would almost certainly mean that you would need to cut back in some area. Maybe the posters got stuck on the idea of cutting Telewest or mobile.


On a positive note, could your OH get a job? part-time/ weekends/ evenings? AQA?

Maybe a SOA would be a good idea and hopefully we might find the answer you are looking for.

Chin up

:heartpuls CG :heartpuls

jobbingmusician

Don't think of it as raising £1000. Think of it as raising 10 x £100.

Write yourself a nice poster right now, and think about strategies you can do to raise the first £100 THIS WEEK!!! You may be able to get a flying start by making the first £100 from Ebay/Amazon if you do it now.

(I do agree that your TV/phone/computer package sounds crazy - you could get loads for £40 a month and this debt would be gone in 10 months with hardly any pain, it seems to me. But horses for courses...........)

laurajayne

At the risk of getting pelted lol

What exactly do you need advice on? You've booed away those that say 'cut your cloth' and have already said Ebay/Quidco/overtime...

Again I would be tempted to cut down on your outlay...even if just for a few months...concidering you can get Broadband, tv and phone from £30pm, £140 seems rather extreme...

The problem is...you've stated these (rather extravigant) spends - but nothing else in your SOA, so people are going to look and be amazed...and latch on to them....how about posting a full SOA and raising the £1k left by cutting down on somethings; and raising money on others?

Really, the DFW are a good bunch...

Just my 2p worth - Good luck! x

MinnieSpender

Laurenbelle wrote:

I came here for info on how to make extra money

Hi Laurenbelle

Welcome to the board.

Could you post your SOA so that we could have a look at it and suggest ways to cut back? Debt busting isn't always about making extra money (although it helps) but about cutting back on what you do spend to make your money work more effectively for you.

A list of your incomings and outgoings would give a more realistic picture of your situation. I'm sure the TV/phone/computer package debate is only a small part of the story - there are lots of ways to make your cash work for you so post your SOA and the good people on here will help you out.

BertieMeldrew

OP... (if we see you again ) apologies if my remarks hurt... they weren't intended like that.

However, not sure exactly what sort of reply you expected...

dudleyboy

Hi Laurenbelle, welcome to the DFW board - I hope you haven't been scared off for good. I think a few knee jerk reactions came out late at night, hopefully things will look different this morning.

With regards to your initial post, here's some suggestions...

TV, phone and computer - £140 per month
That is very high, what package are you on and with which provider? I think you're spending money here that could easily go towards repaying your friend as well as saving money for the future (to avoid borrowing again if similar circumstances were to arise).

internet
I have a very high internet usage but only pay £18 a month for unlimited access. The speed is only 512kbps but more than adequate. Unlimited at a slower rate is the compromise I make to keep it to under £20 a month.

phone
With a BT standing charge of £10.50 pcm, my phone calls are through OneTel and come to about £3 pcm. their international call option gives you cheaper overseas calls but savings can also be found through other providers.

tv
I don't watch a great deal of TV but appreciate that, coming from the states, 5 tv channels doesn't seem like much. Freeview gives you about 25 extra channels, including SKY Sports News (mostly highlights I think tho), but at least worth looking in to.

So, depending on the phone calls I make (day/time), I average about £30 a month on all these expenses, or £1 a day. By comparison, you're spending just over £4.50 a day.... which is £1,680 a year compared to my £360.

I'm not suggesting you do the same as me, I'm just highlighting the savings that could be made.

I'd recommend reading the Utilities articles to see if you can cut the costs in line with your needs (and I say 'needs'):
http://www.moneysavingexpert.com/utilities

As for your mobiles, if you're locked into a contract, see if you can change your tarriff to something less expensive. Are you using all your inclusive minutes each month? If you are, do you need to or just using them because they're there?

Best of luck in raising the £1000 you need. With a few cut backs here and there it'll be easier than you think.

DB

paulboy83

I'm no expert, but I have just paid off £3000 of debt not by cutting back to the bare bones and having no sort of life but by finding a spare £100 or £200 a month.
Why not speak to your friend and say you are having problems and see if you can pay off £100 a month for 10 months. I agree that if you can you should see if there is a cheaper package avaliable for phone and internet etc. If £1000 is your only debt there is no reason why you should punish yourself by cancelling everything and saving every single penny, that in my eyes is for those with more severe debts. Are you saving at the moment? If you are why not either dip into your savings or, divert the money you are saving to your friend. If there is no leeway in your budget every month that you cant find the extra cash then perhaps you need to re assess, however I dont go with the opinion that you are somehow mad for spending your money as you want to if you can afford it.