What do you earn, how much do you owe and how much are you paying off?

SkintMonkey

Like a lot of visitors to this site, I've taken a lot of positive inspiration from this site and hope that my question isn't too nosey!

I would quite like to know how much you earn, what your debt is and how much you manage to pay off a month.

I'm trying to work out my game plan to clear my debt and I've been wondering about these three things in relations in to each other.

Once I know what I'm going to be doing I promise to post my answer to my question!

Andybez38

bit nosey aren't you. lol

iwanttosave_2

Andybez38 wrote:

bit nosey aren't you. lol

This is coming from the quiz master himself :rotfl:

joolz43

Obviously you start with your income, take account of your essential bills and the rest is for throwing at your debt. You should have enough to be able to live reasonably comfortably (without much in the way of luxury) but it is a struggle some months.

I am not sure about giving the information you ask, because it is only relevant to my own case. I earn more than many here, have a large debt and pay £740 per month.

Dolly_Smith

hell, I don't care

I earn approx. £32k (about 1900pm)
I owe £7k on a credit card, £5400 on a loan, £2k on my overdraft and £500 on a joint account overdraft. Hubby just has an OD of about £700 (but the mortgage & credit card are joint)

I pay £915 mortgage (my share is £500 as that covers water and something else out of the joint account)
I try to pay double the minimum payment on the credit card, which is about 300pm
pay 116 off the loan (non-flexible payment)
we share the council tax (pay alternate months)
I pay gas, he pays electric
We each pay the insurance on a car, plus petrol, MOT, maintenance, etc (he is driving instructor so petrol is astronomical!). We do own both the cars outright though
and then odds and sods off the ODs when I can

I find it fairly manageable, which is why I've never done an SOA!

Is that enough detail for ya?

matt4504

Earn £13k approx
Debt - £3k
Varies each month how much I pay off... I don't have any real set schedule which is bad I know.

Gal

About 2/3 of my monthly wage.

Earn £1200 a month (If Lucky).

frugglewump

Debt - see signature
I pay 30% of my net income towards it each month

The_Boss

My debt is approximately three quarters of my salary, but back liviing at home means I can reduce my debts by a third before the end of January.

saubryn

I get full rate working tax credits so you can imagine I don't earn very much.

I'm paying off 60 pounds a month towards my rent arreers, 10 pounds towards my council tax, and working something out with the electric. When they are cleared I'll put most of that amount towards the other debts in my sig, but keep a small amount for emergencies. These days if something fails or theres an unexpected expense its the food budget thats having to give, and we can't live like that

SkintMonkey

Hi all, thanks for posting - sorry if you think I've been far too cheeky and nosey!!