Heavily in debt with no end in sight

TheLearner2008

Memory_Girl wrote: »

£20 per week plus £5 for stocking up my storecupboard feeds me, a twelve year old and a four year old.

Seriously please can you private message me and tell me where you shop and what you eat. I seriously need help because I cannot even imagine how you stick to such a budget. I only shop at Tesco btw, which I would have thought helps!

Jo3y83

TheLearner2008 wrote: »

Everyone needs to do things socially. I am single and live in London - you can't expect me to sit at home and watch 4OD

I have almost cleared my £29k debt (5 months to go!) and believe me this has been incredibly hard. I have lived on a budget of £20 a week for about 3 years but clearing my huge debt was more important than spending more money I couldn't afford on "entertainment".
If you so wish to indulge yourself in a lifestyle you cannot uphold then I'm afraid your debt will not be cleared any time soon.
This may sound harsh but I'm not sure you are ready to face the music just yet and until you are prepared to cut down your spending significantly the debt will continue to rise.

glasgowsaver2011

Jo3y83 wrote: »

I have almost cleared my £29k debt (5 months to go!) and believe me this has been incredibly hard. I have lived on a budget of £20 a week for about 3 years but clearing my huge debt was more important than spending more money I couldn't afford on "entertainment".
If you so wish to indulge yourself in a lifestyle you cannot uphold then I'm afraid your debt will not be cleared any time soon.
This may sound harsh but I'm not sure you are ready to face the music just yet and until you are prepared to cut down your spending significantly the debt will continue to rise.

Which is what I said a month ago

Until she reaches her LBM she wont be willing to give up the personal trainer, the DJ lessons, etc etc

samtoby

When I was clearing my debt I used every bit of money I could to pay off my debt. When you are scraping around for money for the electric key and you are not able to see through your tears thats when you know your in a bad place.

If clearing your debt is that important to you; you will cut every bit out that is not important. My debts came way above my entertainment. Half of my entertainment got me there in the first place; as I fear has you.

Good luck

Mr._Finance

1. Stop spending on non essential or luxury (food?) items
2. See no. 1.
3. Cut the personal trainer.
4. Dont save if you've got debts, repay the debt.
5. Cut up the cards until you learn to manage a budget

Youre looking for an easy solution but there isnt one, you spent what you haven't got, now you have to repay.

glasgowsaver2011

TheLearner2008 wrote: »

1. Sell my macbook. I could get about £700 for it and then I could use my works macbook as I can take it home when I please.

**The contract is £15/month but I texted my parents overseas a lot this month.
***I did buy clothing but it went onto the Tesco card.
****This includes starbucks or any luxuries other than groceries.
Could not bring myself to sell MacBook

Your parents need to set up a SKYPE in number (it means you can call them abroad (even on their mobile) for the price of a local rate call (0181) I am no expert, but my family who are abroad do that so I can keep in touch easily.

You could not bring yourself to sell MacBook, Its a computer, you have the use of another one.

You really do need to just take advice, you have not taken advice yet and have got more in debt, so you ask for more advice, you get the same advice but will you take it?