The Spaniel man with a 3 year plan

MFWannabe

Sarahwithlove said:

MFWannabe said:

I would say OP has paid it off the credit card as girlfriend doesn’t know about ‘his’ debts and he doesn’t want to tell her 😞

But it was savings in his current account not his gf so she would only have known about it if he told her. They had a plan for joint credit card to come from joint account as joint debt and how it should be 

Have no idea then 🤦‍♀️ doesn’t make sense; but none of the keeping things separate makes sense 🤷‍♀️
Neither knows what debt the other has 🙄

Sarahwithlove

MFWannabe said:

Sarahwithlove said:

MFWannabe said:

I would say OP has paid it off the credit card as girlfriend doesn’t know about ‘his’ debts and he doesn’t want to tell her 😞

But it was savings in his current account not his gf so she would only have known about it if he told her. They had a plan for joint credit card to come from joint account as joint debt and how it should be 

Have no idea then 🤦‍♀️ doesn’t make sense; but none of the keeping things separate makes sense 🤷‍♀️
Neither knows what debt the other has 🙄

Yes I agree but OP isn't willing to have a frank discussion about it with his gf. OP just needs to be a bit more selfish when it comes to debt and focus on his own and let the joint account deal with the joint debt. 

findingthisdifficult

MadSpanielMan said:

findingthisdifficult said:

Hi MadSpanielMan

You don’t pay for a TV license, not entirely unusual nowadays but still worth checking.

You don’t ever buy clothing?

You spend £200 a month on petrol/diesel but pay no road tax, insurance or maintainance costs and don’t have a car?

You never pay to park anywhere and you never have any travel costs? 

Neither of you go to the dentist ever, again not entirely unusual nowadays?

No contents insurance?

No life assurance? (this is quite unusual if you have a mortgage)

No emergency fund?

You have 3 spaniels and they only cost £40 a month to feed and is insurance for 3 dogs really £60?  I had one dog and he cost me more than that a month on food and insurance alone, he was smaller than a spaniel. 

I’d also guess you’re spending more than £150 on entertainment and there is nothing left to throw at the CC debts.  

Hi

No we don't watch alot of TV and when we do it'd netflix and amazon prime. 

No I rarely buy clothing in all honesty. 

The wife has her car, she pays for it and it's maintainance but the fuel costs come out of the joint account as I sometimes use it. Plus we use it to visit both families etc. I don't mind this. 

Thanks for reminding me about the dentist, haven't been in a few years and I should really go. I suspect I'll have been thrown off the list for my local one as I ignored the last few letters informing me I should get an appointment for a general check up. 

Yes we have house insurance, this was on our joint SOA I think. 

Emergency fund is at £1000. 

Food/insurance for the 3 dogs. They are all small spaniels and I get away with 2 bags of food from my local pet supply place which is approx £19.50 a bag so £39. 
Insurance is a multi policy which is £59.55 a month. 

Ah I see, my mistake!  I thought you said you were going to watch the olympics which would suggest you would need to be paying for a TV license.  It probably would have been clearer to do your individual SOA and then a joint one, the one you posted seems to be a bit of both so people reading it could easily be confused as to what your actual numbers are.

I notice you said in another post about lots of disbelief from people, I'm guessing I am one of those people.  We are likely the people who are on a similar journey or who have indeed faced their demons and paid off their debts.  I'll still follow your journey as I'm interested to see how it unfolds. 

[Deleted User]

This thread has gone rather quiet!

Hopefully OP has been reflecting on all the comments and suggestions.

However, I am concerned he may just be in further denial. I would like very much to be proved wrong.
Having read the posts of the OP he seems to believe that the debt can be repaid without any changes to lifestyle. This will not happen.

I am totally confused by some of the figures presented too. Early a monthly wage of nearly £3000 is mentioned but in the SOA the incomes are given as £1600 each . I assume the SOA is just based on what you both pay towards the bills. I don't know!

The only way the debt can be tackled is for both of you to sit down and be totally honest with each other. I fear for relationships where that does not happen! It is meant to be a partnership through good and bad.

You both need to know what your total debt is between you. You then need to write a SOA that takes into account all the debt, both your total incomes and come up up with a sustainable budget that allows you to live reasonably and pay off the debt.

Quick savings could be made from the food budget of at least £150. A  £6000 holiday is simply unaffordable.

To be honest paying for a TV licence and using freeview plus the free catch up and streaming apps would be more cost effective than all the other fancy stuff!

If push comes to shove do you need a 4 bedroomed detached house for two of you?

There needs to be some straight talking and tough decisions made if you are to overcome the challenges ahead.

At the moment I cannot see it happening.

The thread is titled  'The spaniel man with a 3 year plan'. At the moment there is no coherent plan.