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Tackling £31,000 of Debt

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Comments

  • RAS
    RAS Posts: 37,042
    Part of the Furniture 10,000 Posts Name Dropper
    Forumite

    Great news. Now perhaps also the time to pay more rent to your mum, if you've not already done so? I know she's glad to see you happy and working towards being debt-free but all too often we see parents accepting low payments from adult offspring which depletes their own funds.

    At least sit down together and look at the rent costs, any management fees, CT, utilities and insurance and work out half the economic cost.

    If you've have not made a mistake, you've made nothing
  • Smudgeismydog
    Smudgeismydog Posts: 736
    500 Posts Third Anniversary Photogenic Mortgage-free Glee!
    Ambassador

    What a positive post, it’s so inspiring to read, very well done

    I’m a Forum Ambassador and I support the Forum Team on the Pension, Debt Free Wanabee, and Over 50 Money Saving boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the Report button, or by e-mailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
  • you've made so much progress, well done

    June 2026, Mortgage free, Emergency fund fully funded & £200/200 cash maximum pb holding .:jWeight 12st challenge 11st 2lb

    Gift to children challenge £40k in 2 years. Short term gift challenge 7 presents and $1300 can by September.

    Determined to stop defining myself by my mistakes. Progress not perfection. I’m not perfect but I’m good enough.
    https://forums.moneysavingexpert.com/discussion/6673398/hopefully-cruising-with-focus-towards-retirement#latest
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