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

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  • lil_me
    lil_me Posts: 13,186 Forumite
    Combo Breaker First Post
    Only debt I have is the small amount I owe in arrears on Gas and Electric as payments set up were too low to cover the bills.

    :A
    One day I might be more organised...........:confused:
    GC: £200
    Slinkies target 2018 - another 70lb off (half way to what the NHS says) so far 25lb
  • densol_2
    densol_2 Posts: 1,189 Forumite
    My partner and myself earn around £5,500 take home per month. We pay £1763 mortgage plus £900 overpayment - total £2663 per month. Also he pays £390 CSA and we pay about £500 towards unsecured CC's and loans.

    Never have any money left at the end of the month as we like our holidays. We want to try and attack the unsecured debts.
    Stuck on the carousel in Disneyland's Fantasyland :D

    I live under a bridge in England
    Been a member for ten years.
    Retired in 2015 ( ill health ) Actuary for legal services.
  • black-saturn
    black-saturn Posts: 13,937 Forumite
    Combo Breaker First Post
    I'm officially the poorest person on this thread.
    2008 Comping Challenge
    Won so far - £3010 Needed - £230
    Debt free since Oct 2004
  • Smashing
    Smashing Posts: 1,799 Forumite
    I'm officially the poorest person on this thread.

    Er, good for you?
  • ZTD
    ZTD Posts: 24,327 Forumite
    I'm officially the poorest person on this thread.

    Isn't Gemmzie the lowest paid? You're one of the richest as you have no debt and your own house.
    "Follow the money!" - Deepthroat (AKA William Mark Felt Sr - Associate Director of the FBI)
    "We were born and raised in a summer haze." Adele 'Someone like you.'
    "Blowing your mind, 'cause you know what you'll find, when you're looking for things in the sky."
    OMD 'Julia's Song'
  • Brassic
    Brassic Posts: 557 Forumite
    Not enough.
    Too much.
    £1075 at least - more if we can. (me and hubby).
    Debts @ lightbulb moment (13/06/2006) - £59,842.23 :eek: All commercial debts now clear!!! :T Debts April - £20,000 to family (incl extra £10k borrowed for house deposit). DFD - Aug 2014
    Proud to be dealing with my debts
    Goal of the month - £500 on groceries for family of 5 - Apr 2011 - £620! :( May - £454.85 so far.
  • black-saturn
    black-saturn Posts: 13,937 Forumite
    Combo Breaker First Post
    ZTD wrote:
    Isn't Gemmzie the lowest paid? You're one of the richest as you have no debt and your own house.
    Has Gemmzie got 2 children?
    2008 Comping Challenge
    Won so far - £3010 Needed - £230
    Debt free since Oct 2004
  • Becles
    Becles Posts: 13,164 Forumite
    Name Dropper First Post First Anniversary Photogenic
    I only earn £7,200 per year which amounts to £150 per week. I don't claim any benefit and I have 2 children. I am mortgage free and now debt free. When I was paying my mortgage and debts I was paying about £90 per week out on them.

    You should have a look at the benefits and tax credits you could claim.

    You'll be able to claim £29.15 for the children if you claim child benefit. Everybody gets this regardless of circumstances, and I'm surprised that you are not claiming it.

    You must be working over 16 hours a week if you earn that, so you'll be entitled to working tax and child tax credits. At a rough guess on that salary, this will be about £110 a week.

    You should look into claiming both of these, especially after your post saying you can't afford to pay the childrens bus fares to school. Claiming this extra money will cover the fares, so you don't have to worry about them walking to school.
    Here I go again on my own....
  • black-saturn
    black-saturn Posts: 13,937 Forumite
    Combo Breaker First Post
    Is it 16 hours per week in the same job? I do 3 different jobs and none of them are 16 hours a week.
    2008 Comping Challenge
    Won so far - £3010 Needed - £230
    Debt free since Oct 2004
  • Becles
    Becles Posts: 13,164 Forumite
    Name Dropper First Post First Anniversary Photogenic
    It's total working hours regardless of where you do them.

    My work is a mixture of self employment and ad-hoc work for PAYE employers, so I don't have set weekly hours. I had to work out my average S/E and PAYE hours per week and as the total is over 16 hours I got tax credits.
    Here I go again on my own....
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