Financial advice please!!!

ThePinkDahlia

Hi I am really in need of financial advise, any ideas? Looked on website and it costs £500 starters, and being in £16K debt with a £127 mortgae and getting worse every month can't afford that!

I have a small baby and work part time. Both my partner and I work and earn around £47K between us but we are still sturggling. Our mortgage is fixed at 4.75 for another year and then we have to find a new one.

We owe £2K on 0% interest credit card (6month), owe around £4.5K student loans and owe £1.5K overdraft and 8K to my parents.

We hardly ever go out, buy clothes, holiday in the UK, don't drink.
We have thought about selling the house but that is the only thing we have?
Any ideas for what we are doing so wrong?

raq

hello and welcome

Put down your soa first and then a lot of very helpful people can see where your going wrong. Also good sound advise on the moneysaving board.

We have a morgage of £130k and have 3 children with £8k of debt and still manage. It is all about budgeting. You would be surprise just that £10 or £20 withdrawn from the cashmachine you no longer need, these do add up over the month. I am currently not working but hubby putting all the hours in. His salary is £10k less than yours.

Don't forget the soa .

Good luck

Burlesque_Babe

hiya Pink Dahlia (love the user name!)

http://forums.moneysavingexpert.com/showthread.html?t=107280 will point you in the direction where to start. If you list all your income and all your outgoings, then everyone will have a look.

If you have a joint income of 47k and debt of 16k, then it could be down to cutting bits and pieces here and there and shuffling a few things around.