Dimmer switched light bulb moment

dancingfairy

What's car £250 - are you paying a loan off for it?

illmonkey

Yea. Car is on finance.

calleyw

You need to have another lighbulb moment as you don't seem to want to do anything to get out debt and using excuses as to why you can't cut back.

You will not get rid of sky+ or cut back on phone contracts or see how to cut back on food.

For phone if you are at home use 1899/1866 to make calls as they charge from a BT for 3p connection charge for 60 mins to a landline. You need to make a lot of calls to get up to the £25 a month on mobile charges.

Your SOA is hard to follow as you talk about a joint account and saying you get paid £1400 but pay in £1000-£1200 a month. And the say "basically, we both have seprate accounts."

Re-do your SOA and include all of your partners and yours income.

You are 20 and your are 20K in debt (not sure if that includes any student debt) if you don't get sorted out you will be hitting 30 with £30K + in debt.

You mini must be really bad for MPG as my husband runs a 1.6 saloon and use to do a 60 mile round trip to work everday plus the running around we do at weekends etc and we use to spend about £120 a month on fuel.

You also need to be putting money away for maintainance money as sorry you knew it needed to be paid. As well as putting away for car costs and in say 5/6 years a replacement car.

I know I might sound harsh but you have to get a grip on where and how you are spending money. You need to budget for everything including birthdys/christmas/hair cuts and clothes etc.

You are young so you have great chance to get out debt learn from it and then stay out of debt.

For some they don't there lightbulb moment until they are in 30/40's.


All the best what ever you choose to do.


Yours


Calley

ZTD

calleyw wrote:

You are 20 and your are 20K in debt (not sure if that includes any student debt) if you don't get sorted out you will be hitting 30 with £30K + in debt.

I would disagree with this. You are only legally allowed to accrue debt from age 18, so that's about £10K per year. By age 30, it will be £120K of debt.

calleyw

ZTD wrote:

I would disagree with this. You are only legally allowed to accrue debt from age 18, so that's about £10K per year. By age 30, it will be £120K of debt.

Ok I was being generous and assuming that there paying some off and not getting any new debt and paying some of the interest off per month.


Yours


Calley

all_hours

Is the £280 maintenance you pay the management company for the whole year?

chevalier

Hi there
Whilst I think all has been said about how you can save, can I just mention https://www.freecycle.org? This is a free to register group, where you can look on the posts for things you need. Be it a fridge, a baby basket, hard core for builiding work, or whatever. There will be one in your area. If you see something you want and the poster agrees, you go along and collect it and it is FREE!
Whilst this does not help you with the hoover this time, if anything else goes, you may be able to pick it up from freecycle for nothing.:D
Best of luck
chev