Help me my life sucks

thestub

Student loans - I don't know what is happening with people already paying back the loan. I know that when I start in April the earning limit will £15,000 pa, and then I will have to pay 9% of everything above that (which I earn, so I will , but it will only be £25 a month).

There is no choice but to pay this back, but at least it is only 2.3% interest (it is pegged to inflation) - and by taking it through PAYE you won't really notice it.

I just worked out that it will take 22 years to pay back my loan, assuming inflation is fixed, and I average 2% pay rises over that period - fun eh

Leia_Stephens

brisck1 wrote:

Ok here a quick, budget of my outgoings:

Income P.C.M

Work: £1037

Outgoings

Rent: £385

Car loan: £155

Mobile Phone: £30

Land line: £30 (includes internet broadband)

Food: £80

Petrol: £56

Car tax: £10

Council Tax £80

Electric £45

Gas £10

Social money £80 (drinks, cinema, etc)

Household(cleaners etc) £15

Contact lenses £10

TV Licence £10

Home insurance £15


TOTAL Left £61

As you can see I have a pretty detailed budget just so I dont overspend each month and with £61 (if im lucky) left a month for emergencies there is no room for luxuries...

Hi brisck1

I have enjoyed reading this long thread, and its good that you keep coming back to post. I look forward to hear how you're getting on.

Am I correct that you have no debts, apart from your student loan?

If so, I think you're doing very well.

We are there for you

Leia

brisck1

You are correct, I dont have any credit card debt or other loans other than my Student and Car loan (which half has been paid already)

Spendless

Did you ring the council about the 25% off your council tax bill?

How long have you got left on your car loan?

Good Luck

xx

fazer6

brisck you're actually doing very well to only have the car loan and no credit card debt. When do your mobile and broadband contracts end? I'm switching both my mobile and broadband this month. If you can get cut down on your electric, cleaning and food bills (and the phone + broadband when they're due for renewal) you should be able to start having more available cash.

Don't forget though your £80 a month on socialising is a luxury so it's not all doom and gloom.

When are you next due a payrise?

Leia_Stephens

brisck1 wrote:

You are correct, I dont have any credit card debt or other loans other than my Student and Car loan (which half has been paid already)

This is excellent!
Do you know exactly when you Car loan payment finishes?
I mean: when I had my Career Development Loan - which I paid off in November '02 - I found it extremely motivating to know both how many more payments I had to make and when I would be free of these payments.

We are there you

Leia

Mizz_Pink

Hi,

When i moved in with my fella , he moaned that he would lose his single person discount on the council tax. When i phoned the council for the form to add me on to the address they told me he hadnt applied for the discount. He had to fill out a form and he got the discount paid to him backdated, which was 7 years worth. His whole years bill was paid !!

also if you use little water a water meter is far cheaper, check on your water suppliers website.

Egg cards offer 0% on balance tranfers for up to 9 months and the Halifax One card for 9 months too. Keep transfering them when the 0% runs out tho

Good luck

brisck1

Well, just had a bit of bad luck regarding my mobile. Finally got through to Vodafone this evening and was informed I'd have to shell out a 'cancellation fee' of £97!! - Couldnt believe that. Tried to get some futher information out of them as to what options I have and you know what happens when you talk to mr Generic saleman he just was quiet.

Looks like im stuck with it for another 7 months, guess I'll just have to be more vigilant with it and send less sms's.

brisck1

Woohoo I just broke my own food shopping record. I just managed to do 27 days worth of shopping for £31 at Sainsbury's!

nearlyrich

You do get a buzz out of saving money don't you ?

Watch out it's adictive LOL