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

devils_nose

Bringing home £1300 pcm
Owe £7000
Currently paying £650 pcm

(this is all about to change though as I've paid off my loan so all debt is on 0% credit cards, so I'll be paying most of that money into interest earning savings accounts from 1st November and shuffling the debt about until I can afford to pay it off!!)

saverram

i try to pay 52% approximately to my debts a, and nmy debts are 50% of my Gross annual Pay

saverram

i try to pay 52% approximately to my debts a, and nmy debts are 50% of my Gross annual Pay

joolsybools

Hi, this is my first post although I've been a member for a while!

I earn £17k and pay off £250 a month which is probably around 20% of my take home pay. Should be debt free in just over a year. My credit card will be under £3k after the next installment - YEAH!!!!

newleaf

My debt is now down to about 45% of my annual salary and I pay as much as I can afford every month into a high interest account. Thankfully, it's all on 0% cards now and is coming down quite quickly, but the next 2 months will be tighter due to Christmas commitments.

Torry_Quine

I don't work as I'm disabled and my husband only earns approx £15,000 per year. However we owe nothing to anyone, have never had an overdraft or even had a credit card. We believe in only getting what we can afford and save at least £250 per month.

moozie_2

This has made me think and play around with figures

When I started my debt quest, I owed 51% of my annual gross income. I then had a drop in salary but now the percentage of debt to income is 35%.

Of my monthly net salary, I pay:

1. 45% to debt repayments and overpayments
2. 28% to joint expences
3. 2% on mobile contract which has another year to run
4. 25% on my personal spending

I will feel rich once that 45% is mine to play with and save :rotfl:

Good thread! :beer:

misscutiepie1984

i earn just short of 20k and am paying back 335 a month on a DMP with cccs

pms

I earn about £17,460 a year as a Nursery Nurse

Each month my take home salary is £1070

I had debts of £20,519 (not including my car) up until March this year I was piling about 70% of my salary into my debts and had to pay a higher rent as I was living with a friend in her house. I moved back to my parents house in February and in March entered into a Trust Deed.

Including my car repayments I pay £426 a month towards my debts. This is roughly 39.5% of my monthly salary.

lowlowlola

i owe 1 1/2 times my annual salary and 50% of my monthly salary is going towards paying it off ............. its rubbish and i have no life BUT come april2010 and i won't know what to do with all my spare cash !!