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Do you count anything you owe to family as debt?
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adventureofmemories
Posts: 177 Forumite
Asking in general.
I owe my Fiancee £444.00
I was wondering if you co unt this stuff towards yp ur debts.
I owe my Fiancee £444.00
I was wondering if you co unt this stuff towards yp ur debts.
Debt to fiancee - £404.00 (left to pay) | Save £12,000 in 2018 - £371.90 all together|2,018 items in 2018 (8/2,018)
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Comments
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Hi, yes I would count this as debt.SPC # 348 2014-£169.07/2015 - £156.89
GC 2014 Feb-Dec £2931.62
GC 2015 Jan £216.93/£220 Feb £291.97/£215 Mar £213.64/£220 Apr £207.62/£220
DFBXmas2015 #40 - £3,474.61/£4,0000 -
It would depend on the expectation of the person giving the money. If they have given the money with the expectation of getting it back it is debt. If not it is not debt. That doesn't mean you can't choose to give it back in due course.Paid off the last of my unsecured debts in 2016. Then saved up and bought a property. Current aim is to pay off my mortgage as early as possible. Currently over paying every month. Mortgage due to be paid off in 2036 hoping to get it paid off much earlier. Set up my own bespoke spreadsheet to manage my money.0
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Debt is any monies owed to another party.
Wife
Partner
Credit card
Mortgage
you name it, its a debtDebt is a symptom, solve the problem.0 -
Yes - if the money has to be paid back. Are you asking for a reason - i.e. filling in forms?Aiming to make £7,500 online in 20220
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no i don't have to fill in any forms,
I just wanted to see what everyone's views were.
I count it as debt too.Debt to fiancee - £404.00 (left to pay) | Save £12,000 in 2018 - £371.90 all together|2,018 items in 2018 (8/2,018)0 -
I would count it as a debt to be paid before any owed to a finance company.Tallyhoh! Stopped Smoking October 2000. Saved £29382.50 so far!0
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Yes definitely unless the family member has made clear that it is a gift.paydbx2025 #26 £890/£5000 . Mortgage start £148k June 23 - now £138k.
2025 savings challenge £0/£2000 EF £140. Savings 2 £30.00. 170
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