My Mom's in debt

LukeHangz

Hi everyone, Need some help, I'm late teens and I've just found out my Mother is in almost £30k debt, What can I do to help?
I'll take any advice thank you.

fatbelly

Could she post on here?

Davy_Jones_II

What help does she need? Is she struggling, is the debt going up, or down? Is it caused by gambling,or is this the end of a mortgage that she’s not concerned about as she’s paying it just fine?

Ben8282

You need to give more details about your 'mom's' debt.
Does she live in the UK?

LukeHangz

Sorry guys, I should have put more information.
She struggled with Bills from our house from when I was born, she also had trouble with work and more, She has no idea I am posting onto here, I don't want her to know, I just want to help or help solve it I have no idea what to do, some more info... She lives in the UK and has her whole life, The debt is going up I think because she has an average job but worries about bills constantly, I got told by my grandfather that she probably has around 5 years to pay it back and I have no clue how that could be possible and I don't know what will happen if she doesn't pay it off by then, I just need help and advice on what I can do. Thanks all.

Ben8282

Get a job and help her with the bills perhaps?

Sea_Shell

How old are you? Can you get a job?

If not, You could do some easy, small things, like use a little less of household things, like toothpaste, shower gel, shampoo.

Wear your clothes more times before you put them in the wash.

Don't badger your Mum for stuff, and agree to go without your favourite "treats" (sweets, biscuits, crisps) *

These may seem small insignificant things, but it adds up, and would help ease the pressure a little bit.

It would also go a big way to show that you're on Mum's side.

Don't forget to give her a big hug too!!

* If you're serious, you could also ask for no Christmas presents this year!! Assuming you're of an age where you still get them.

boo_star

Support her, but don't support her if you know what I'm saying...

enthusiasticsaver

You can look for small economies at home. Maybe have a chat about budgeting and managing money. This could something you could both talk about together. I think you should tell her you know and be more open about money. She may feel pressure to give you a lifestyle she can't really afford. Letting her know you would rather she get rid of her debt than buy expensive gifts for Christmas is a discussion you should have.

I am not sure why your grandfather has said five years and there is nothing specific which will happen then. She might have taken a loan over 5 years maybe? Get her to look at this website.

sourcrates

As well as the excellent advice above, a couple of posters suggested she may want to post on this forum, if things are getting on top of her, and I would say that may be a good idea.


Have that chat with her, if she needs help, get her to post on here.

Mojisola

enthusiasticsaver wrote: »

Maybe have a chat about budgeting and managing money. This could something you could both talk about together.

I think you should tell her you know and be more open about money.

You could approach a discussion about money from the viewpoint that you need to learn how to manage household bills for when you leave home.

She's likely to feel sensitive about the debt so go gently.