Please Help! Im only 19!

Sassers

Hello congrats on posting here - have you thought of having webcam installed at your's and your GF's homes? Just a little thought - when you can't physically be with each other you can at least see each other instead.
Good luck
Sassers x

PS: have you thought about carshare into work? There's quite a few websites around to join you up with someone in your area - doesn't have to be someone from the same firm as you....

deehill

Also, I have just opened up a new LLyods TSB account.
As more than £1000 a month is going into it, they will pay me 4.5% interest. thats an extra £45 a month!

They also have a save the change option, they will round up all my buys on a debit card to the nearest pound, and put the change into my savings account.

So if i spend £14.50 on somthing i will pay £15 on my card and 0.50p of that goes into saving, it all sounds good.

KiKi

Hi deehill

Well done for all the changes you're going to make - that's fantastic. Do continue to post.

Re your Lloyds account - not quite! 4.5% is a yearly interest rate. So *if* you maintain £1000 in the account ALL year, you'd get £45 - and then you'd be taxed on it.

Much of your £1000 a month will be going in and out to pay bills etc, so your 4.5% interest will apply either daily or monthly, then be subject to tax, and will therefore be much, much lower and over a year. Sorry to have to tell you that!

Make sure any savings go in the highest savings account possible - the Savings tab at the top will tell you the current highest paying account.

V best of luck, mate.

KiKi

debrag

deehill wrote: »

Hi All,

I have taken on board alot of these suggestions.

MY next actions will be;

Cutting phone bill by at least half - saving £50
Seeing my girlfriend 3 times a month - saving £160
Cutting food down by buying from supermarkets/making at home - saving hopefully £60

Moving to a further away carpark saving £50

Total saving so far - £320

If i put £350 a month into the dept for now that will get me on the right road, and then i need to find a 2nd job possibly.

I could sell my old tv for like £100

I have a citroen C4 Coupe which is now worth £5,000 as i have done 60,000 miles in it.

I have just found out i am getting a company van, it costs £50 in tax a month but i save in the long run.

So because of this, i will most likely sell my car.

Still, I am really scared that i owe £5,000 and after i have looked at the figures that i am going to be in dept for a good couple of years :S

I have to thank a good few of you who posted long posts and everyone here has helped. I will continue to post and ask for advice (if this is ok?)

Please continue to post in here if you can think of more ideas to help...

Sell your car, if you can get £5k then you have paid your debt off.

You may still be in debt for a few more years but you will prob get pay rises or even a better paying one.

Once you have paid off Paypal, Ebay & the bank and gotten your cc within its limit you will be better off

Paying £350 off a month would mean you are debt free in 14/15 months if you sort it all out with your creditors & they don't add charges.

Burlesque_Babe

Well done on making the changes.

2 years is nothing when you are 19 and if it gives you a financial grounding for the rest of your life, trust me, the sacrifices now will be worth their weight in gold. I wish this site had been around when I was 19 - unfortunately it was all daisy wheel printers and green and black screens back then!!!

Chollita

Okay, I know that you're young and in love, and long-distance relationships suck, but you have to be practical. You simply cannot afford this kind of outlay on your current income. I live overseas from my family, and would LOVE to see them, but just can't afford it at the moment.

Can I be nosy, and ask how long you have been together? If it is still early days, the urge to spend all your time with someone can be overpowering ...

I would echo what other posters have said, about looking for cheaper accommodation when you visit, and cutting them back to twice a month or less. That may seem tough, but you have more options available for keeping in touch than I did when I was your age and in a long-distance relationship.

Why not make regular 'dates' to chat via messenger? You can have some really saucy conversations - trust me, it can really add something to your relationship

And this has probably been mentioned before, but if you think this is that serious, have you considered moving? How much longer does she have before she finishes her course? I would only consider moving, though, if you really believe this is long-term.

debrag

I would say only move once she has finished her degree & has a job so all bills are split. At present I really don't think you can afford a place o yur own.

Also can you be sure this will last (I know you can't tell, young love does last etc) but you don't want to be moving & then finding you no-longer get on. How long have you been together? I take it you went to the same uni?

deehill

I have been going out for 14 months with her.

I believe its serious.

debrag

call paypal or CCCS tomorrow with a list of creditors & what you owe.

Do you have any other DCA apart from the ebay one?

deehill

what will payplan do?