A tiny bit worried...

thorsoak

Go over to the debt-free board and post your statement of account (sao), showing your income, your debts and your outgoings.

In all seriousness, you should not be paying more for your mobile phone than the roof over your head. Do you really think that your mother should finance you, when your income is £1,000 a month? I am a pensioner, and my income is less than yours by about £75 per month - and I pay council tax, electricity, water and oil for heating, car tax and insurance, house insurance as well as food for myself, three dogs and two cats. You can do it!

System

Thank you.

So, what I will do is:

- Pay off my credit card bill and shut my account down
- Set up a Help to Buy ISA and put money in it every month

kingfisherblue

You're on £1000 a month and you're worrying about not being able to pay your mum £20 a week? My son took an evening job and earns £32 a week whilst at college. He offered me half towards his keep (I refused, I still receive child benefits for him, and I wouldn't take half of his wage anyway).


I suggest that you take a long, hard look at your finances. Pop over to the Debtfree Wannabe board - you will get lots of advice over there. My daughter wasn't great with money when she was young, so she didn't get a credit card. Instead, she learned to use the envelope method. When she received her pay each month, she paid her bills, including her board to me. Then, she looked at how much she had left. She split it into four or five amounts, depending on whether it was four or five weeks until her next payday. Each week, half of her money went into a savings account, and the other half was spending money. Her spending money had to pay for lunches (cheaper to take a pack up from home), clothes, nights out, etc.


My daughter and her partner were able to put down £20,000 deposit on their first house, despite neither being well paid. They also had money to pay associated costs. They were both under 25 at the time.



Myself, well, I think that you are selfish to put clothes, mobile phone bills, and even debts above your mum.

System

Thank you.

Fair enough it might be nice to treat myself once in a while but not too much by going on a massive spending spree for clothes, etc but my family come first as I don!!!8217;t think anyone cares about going out in new clothes anymore.

I!!!8217;ll take your advices on board and overhaul my finances.

elsien

DABRadio wrote: »

Thank you.

So, what I will do is:

- Pay off my credit card bill and shut my account down
- Set up a Help to Buy ISA and put money in it every month

Paying the credit card off is a good idea. But I wouldn't close it down unless you find you can't be disciplined with it. Keeping it, using it responsibly, and paying it off every month is a good way to demonstrate in the future that you can handle credit well.

ViolaLass

Why do you owe money on your credit card? Why are you overspending?

You need to work it out so that it doesn't continue.

Pollycat

DABRadio wrote: »

I have agreed to pay £20 per week to help my mum out with lodge and something is going over and over my mind in case one day, I can’t afford to keep up the payments where I will say to my mum ‘I can’t afford it’

I’m just worried in case she kicks me out to be on the streets as most of the homeless are, or am I overreacting?

Do you have any grounds to believe your Mum will 'kick you out to be on the streets'?

System

ViolaLass wrote: »

Why do you owe money on your credit card? Why are you overspending?

You need to work it out so that it doesn't continue.

It’s an impulse thing to help distract me from bad thoughts.

Pollycat wrote: »

Do you have any grounds to believe your Mum will 'kick you out to be on the streets'?

Just an assumption, as I always do which is no wonder I feel so depressed all the time.

ViolaLass

DABRadio wrote: »

It’s an impulse thing to help distract me from bad thoughts.

Get help for it. It will pay for itself in the long run.

The issue here isn't "Will my mother throw me out?", it's the obsessive thoughts.

System

I agree with you ViolaLass.

It!!!8217;s more mental health with the obsessive thoughts that I need to get help with to help dissect the problem otherwise it won!!!8217;t get any better if I don!!!8217;t help from a GP. I!!!8217;ve always knew I have depression.