Anyone else in the 50K + club?

mandi80

Afternoon everyone,

Just curious as to how many other people on here have debts that exceed 50k. Trying to convince my anxious husband that we are not alone!!!


[purplesignup][/purplesignup]

Working_Mum

Hi Mandi80,
I am not exactly sure how many people are in the £50k Club - you'd have to read each diary and ascertain!!

I WAS in that Club but am now at £35k plus mortgage.

Start a diary and do an SOA as it'll ease your husband's fears - everyone here is fantastically helpful and non-judgemental.

Welcome to your debt free journey

((hugs))

WM x

NaughtiusMaximus

I was 47K in debt when I started my DMP in 2005 (the equivalent of over 60K today if you take into account inflation) and am now completely debt free.

mandi80

I have never really thought much about the total amount. To me it's all relative anyway. My debts would be a walk in the park for someone earning 200k a year, whereas someone on low pay might be stressed over a couple of grand.

Indout96

Unless I am misunderstanding your post -
You are >£50k in (unsecured ?) Debt and are happy to keep on spending and building the Debt as you have a good income whilst your husband it wanting to cut down on the debt.
I think you will find the majority view is with your husband, "good" incomes can vanish quickly in this day and age.
apologies if I have misunderstood.

Larac

I was on close to £60K in 2012 - now down to £6K - Did have a couple of stress moments when my job was at risk twice in that period. No one knows what is around the corner, so best IMHO to have some sort of plan in place to get rid of the debt. Sense of relief now that it is coming to an end TBH.

CopleyDog

Sure am... check out my Debt Free Diary ‘Back to Black’

mandi80

Indout96 wrote: »

Unless I am misunderstanding your post -
You are >£50k in (unsecured ?) Debt and are happy to keep on spending and building the Debt as you have a good income whilst your husband it wanting to cut down on the debt.
I think you will find the majority view is with your husband, "good" incomes can vanish quickly in this day and age.
apologies if I have misunderstood.

Hi,

Yes, you have misunderstood my post. I am totally committed to getting rid of the debt, I am just not massively worried about it. I certainly have no plans to add to the debt.

Puddylove

When I split from my financially and sexually incontinent ex, I owed about £25k (so I guess close to yours per person).
Paid it all back, and now have savings.

Mind you it was worth the £25k just to be free of him.

sourcrates

Puddylove wrote: »

When I split from my financially and sexually incontinent ex,

O u c h ..........

lookstraightahead

I was nearly double that. No debt now.

Getting rid of any debt whatever your income is a good thing.