OK, here I go . . .

Rock_Cakes

bargainbetty wrote: »

Please don't shoot me down for this, but if you have a financial situation where you have to live in and maintain separate houses, your OH is only just working again after a period off work and you have to save for a potential year off work, then perhaps you should consider not going to Australia? I know it is for a wedding, but if the bride and groom are really friends, then they will understand the huge financial committment that they are asking you to make given some rough circumstances.

If you do really want to go, why not put off the Uni course for a year instead? It is one year, that will give you time to get in a better position financially, and would make sense.

I really don't mean to be harsh, I know you are in a difficult position, but those are two whopping financial things that you are CHOOSING to do. Not being forced into, choosing.

You have nearly £15k of unsecured debt - what happens if you take that year off for education, and then cannot find a job at the end? Have you not seen the job market out there? Thousands of unemployed graduates, students clawing their way over each other to get any job at all, much less graduate entry. Reduce your debt first, spend a whole year throwing everything you can at it, and then you won't have such a stressful year and can enjoy it.

I wish you luck,

Thank you so much for your frank response, we all need them from time to time.

I should have explained that I am on a one year contract at my current job (ends in Sept) and there is no guarantee that it will be extended. I haven't been accepted yet into uni, so I might have to postpone it for a year without it being my choice

Unfortunately the wedding is a family one, there is just no getting out of it. Especially as they came over for our wedding last year!

Need to think seriously about not going to uni. Its just I have agonised over the decision for so long and now I finally got the application in, seems like a step back to postpone. Though it would make life easier if I didn't have to have a part-time job as well as study . . . Food for thought!

littleowl

Rock_Cakes wrote: »

Thank you so much for your frank response, we all need them from time to time.

I should have explained that I am on a one year contract at my current job (ends in Sept) and there is no guarantee that it will be extended. I haven't been accepted yet into uni, so I might have to postpone it for a year without it being my choice

Unfortunately the wedding is a family one, there is just no getting out of it. Especially as they came over for our wedding last year!

Need to think seriously about not going to uni. Its just I have agonised over the decision for so long and now I finally got the application in, seems like a step back to postpone. Though it would make life easier if I didn't have to have a part-time job as well as study . . . Food for thought!

Perhaps you really need to re-consider your priorities. If going to University will have an effect on the rest of your life - ie. earning potential, personal fulfilment etc - it seems that would be the course to take. Attending the wedding in Australia is a choice to spend what you could better use elsewhere. You obviously want to go but is that worth jeopardising your future?

jaffacakegal

Hi,

I've never posted on here before, and not sure if I've got my facts right, but never mind! Are uni fees set to go up next year? If they are, and you can afford to go this year, I wouldn't put it off! The only thing is that more people will be forgoing gap years to beat the increase, so places will be harder to secure!

Rock_Cakes

Updated SOA, realised I had forgotten my bus money and have had added repayments

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1800
Partners monthly income after tax....... 1300
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 3100

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 950
Management charge (leasehold property).. 0
Council tax............................. 140
Electricity............................. 30
Gas..................................... 30
Oil..................................... 0
Water rates............................. 27.26
Telephone (land line)................... 0
Mobile phone............................ 65
TV Licence.............................. 12.37
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 20
Petrol/diesel........................... 20
Road tax................................ 10
Car Insurance........................... 37
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 149
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 15
Entertainment........................... 80
Holiday................................. 20
Emergency fund.......................... 0
Savings................................. 145
Yoga.................................... 24
Climbing................................ 36
Gym..................................... 26.99
Car Repayments.......................... 122.65
Internet/Phone/TV....................... 45
Total monthly expenses.................. 2245.27


Assets
Cash.................................... 1800
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 4500
Other assets............................ 0
Total Assets............................ 6300

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
HSBC CC........................6280.19...157.......16.9
Lloyds TSB CC Me...............1116.92...22........15.9
Lloyds TSB CC OH...............1592.96...31.86.....15.9
My Overdraft...................783.32....0.........9.6
OH Overdraft...................1633.43...0.........15.2
Virgin CC......................3621.49...108.6.....0