How Much and How old?

SuSu1871

Hiya!

I'm 35 and currently owe just over £20k (or whatever is says in the signature). Six months ago (LBM) I owed nearly £27k, which is more than my annual salary. Thanks to this board, I've made huge improvements to my money management, and have reduced my original debt free date from 5 years to around 2 1/2 years. Love this site!!

Message for the original poster: don't feel ashamed about your debt - nobody here will judge you, only support you.

SuSu1871

tolip

Hi all

A recent new comer to this site.

Aged 35, Debt is £102k excluding mortgage

scorpioto

Hi everyone, I must be the eldest at 60, should know better but that's life, I love reading some of the things on these forums it definitely helps me through the dark days, thanks for that. Debts outstanding around £14500.:beer:

needawayout_2

i'm 26 and the OH is 30, we are jointly in around £25,000 of debt

MoaningMyrtle

Me and OH are in our late 30's, not including mortgage we owe £37,000, at it's highest it was £50,000.

Kitleo

I will out do you all - I turned 50 this year :eek: (in March) I have been in and out of debt since my 30's - my excuses were a divorce and bringing up a very young daughter unsupported by the ex.

Always seemed to be on the bread line and scrapping by, because I did temp work or part-time work so I was there when she was and worked whilst she was at school.

When my daughter left home to go to Uni - I realised that I was using the excuse of being a single parent to keep the debt cycle going. So this time I have decided that when I am debt free I will stay out of debt - I have cleared them twice before - so I know it can be done. I have learnt the hard way that I cannot 'just have a little bit of debt' - because that's how it snowballs into something worse and before you know it - you're not just back where you started - but in even deeper.

A bit like an alcholic - one drink and you're off the waggon...

gizfizz

I'm 21 in August and OH is 28, we've got an 18 month old and 3 month old and as you can see from my siggy we have quite a lot of debt :eek:
if you can pluck up the courage to list your incomings, outgoings and debts on here (see the sticky on soa's) you will gets lots of advice, help and support on here, dont be embarrassed you'll get lota of help to get rid of your debts quicker and it will make you feel much better

Kitleo

Just a kwik ps -

gizfizz: you will gets lots of advice, help and support on here, dont be embarrassed you'll get lota of help to get rid of your debts quicker and it will make you feel much better

gizfizz is right - this website is such a help - If I had a tool like this 20 years ago I am sure I would have broken the debt cycle and stayed clear of the temptations again, because of the support the site offers.

We are all here to help and support each other and because we know the dangers and stresses - its nice to have people to turn to for encouragement and advice.

Whatever your level of debt BE PROUD : Having recognised the debt and working towards a solution is not buring your head in the sand.

Midlands_Man

I don't think that anybody in their twenty's should be ashamed of the debt they have, It's part of the learning experiences that come with life. This info isn't taught in schools & you've realised at a young enough age that it's holding you back & have decided to do something about it. You should be proud of realising so early.

Try being 45 year old with 70k of debt (excluding mortgage), :eek: :eek: :eek:
Now that's something to be ashamed of. Could make the excuse of trying to be the good father for the family,making sure they got what they wanted, but can't help but think it's purely down to bad money management. Hence I lurke & don't post here very often. Though like others it does help to know your not alone in the world.

Kitleo

Midlands Man: This info isn't taught in schools

I have been saying this for years : I sat my daughter down when she went to Uni and explained how credit cards worked and interest rates etc - She was never taught about mortgages or money management. It was only through my own bad money management that I learnt - sometimes you have to experience it and can only learn by your own mistakes, but as Midlands Man points out you have time on your side and will have a wonderful debt free life at the end of it