Expert advice on our rather poor state of finances due t0 some niavety on our part

[Deleted User]

mortgage - 120000
remortgaged - 30K - assuming you have done due to torrid interest rate you pay, the interest on my mortgage is about half what you pay.
loan - 17K
loan - 22k
loan - 13k

Assumptions you have built up this debt over 7 years your basic living costs between you are 2k/month

Thus you have 12k per year of spare cash between you over 7 years this is 84K
additional debts not including mortgage which is the only sensible investment - 82K
Total spend on uneccessary items = 166k = 23K per year

You spend between you 23k on junk each year!

Obviously these figures have a lot of assumptions and I dont have the full picture from you but hopefully by yourself doing a similar calculation it will wake you up to teh enormity of your spending habits.

this tool might help you work out the situation - http://www.whatsthecost.com/snowball.aspx

the so called experts that sold you the consolodation loan would have been on a commision by the way. Consolodating is not the best way out, paying things off quickly and tarting is.

Muscle750

and i thought i was knackered!!!!!!