A maths teacher who can't do sums!

teacherindebt

Hi all.

My names Nat and I am £15,885.70 in debt. There, I've said it.

I am a long time lurker who has been slowing chipping away at y debt for years but not really making much progress.

In 2009 I left university and got myself in a real mess with my money. I hid it for ages then my parents discovered and took out a loan on my behalf which I have been paying back ever since. But for some reason I never learnt my lesson, kept living beyond my means and get further and further into debt again.

So here I am now, 5 years later, having nearly paid off the loan my parents took to help me, but in even worse a position. I feel so foolish. I have most of the last decade in debt at a time when I should have been laying the groundwork for my financial future.

One thing that has come of the last few years is that I now live "within my means". For the last couple of years I have been slowly paying off the debt rather than taking out more, but now is the time to get rid once and for all.

I am currently training to be a maths teacher, and this means I am quite well off this year - trainee maths teachers are given quite a large bursary to attract them to training. So this year is all about making the most of the money I have so I can spend as much as possible shifting the debt.

I think that's enough for now, I'm off to sign up for some challenges!

teacherindebt

So today I have paid my phone bill and set a direct debit for one of my debts for £100 per month. That means in total I am now paying £353 per month off my debts.

Next steps are seeing how much more money I can make per month to throw at the debt. I have been reading the match betting boards over the last few days so I am going to start that over the next few weeks.

Plan for the rest of the day is putting stuff to sell online

judi24

Just stopped by to say hello and good luck with your debt busting journey - you have made a start you just need to stay focussed

bedhair

Hi from another Maths Teacher x
Look forward to following your progress.
Can you look into the possibility of offering private tuition for some extra income? A perfect time to look, as many students have just/are about to sit Mock exams and may well need an extra boost.

Good luck in your journey and I have subscribed to your thread to follow how well you are doing.

Bedhair x

ViolaLass

Have you tried making a SOA? There are probably places where we could help you save more.

themarsbargirl

good luck! i'll kick your butt when you slide if you'll kick mine?

Midgie

Good luck Nat!

kiss_me_now9

Hi from another Nat! Though definitely not a maths teacher - takes me ages to do maths, think I'm number blind Good luck x