Life Gets in the Way of Clearing Debts

James240

your guest must love the smell when they go round ur house then meanmachine, LMAO Odeur de Bean !!! LOL :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:

ceegee

Lawbag wrote:

Does anyone else seem to have these problems?


/QUOTE]

Yes, most definitely. So far this year, I've had to replace the car (£2000), the washing machine (found one for £169), the shed roof (£220), kitchen tap (£45) plus other things which slip my mind. It is a part of life but causes great worry when you aren't earning vast sums of money. The things that I have listed have totally cleared out twelve years of hard saving for me. I now have £8.34 in savings. It's a real bummer....but what can you do? Just got to try and be philosophical about it. Don't know what on Earth I would do if something else major happens. :eek:

Kantankrus_Mare

But your still in credit and not in debt!! Think of how much it would have cost you had you not made an effort to save?

No consolation I know and yes, it happens to us all.

Beginning to think I need to budget for summer during winter! lol Seem to spend so much more with kids on the want all the time, days out etc etc and we just bought a tent. Not just any old one though. Got a 3 bedroom detached and now need all the bits and bobs to go with it.

Should save us over the years on hols though (well in theory anyway)

Lawbag_2

Whats most weird is that I consider I earn good money, and still find it hard to cope. I often am left wondering how people earning less manage to survive!

Impulse spending has been eliminated from agenda buy not carrying any means of spending.

James240

keep going lawbag u can make it!!! or jsut take enough money out with u to only buy what u need

James

ceegee

Lawbag.....do you feel brave enough to list your incomings and outgoings? I (and two teenage daughters) manage on total income of approx £1089 per month, plus £28.95 per week Child Benefit. I have a mortgage and all the usual bills and pay approx £85 per month into a personal pension. We manage, although cash saving is not as much as I'd like, at about £20 per week (this is my emergency fund). I am ashamed to admit to £20 per week on fags, my only vice!

Anyway, others manage on a lot less than me.....so if your income is a lot more than mine, then it looks as if your spending is not controlled.....a recipe for financial disaster if ever there was one!

Go on....be brave and post your financial ins and outs. You will, I'm sure receive lots of helpful info from people. I'll certainly tell you what I think!!

James240

Totally agree with Ceegee lawbag, If you post up ur outgoings there will be loads of advice from people on this website who can help you save money. I know this because i posted my outgoings up a while ago and there was loads of advice i received and it was all very helpful.

Go for it lawbag!!!!


James :T :T :T :T

Lawbag_2

Thanks for your kind words, I shall be putting together a summary for you all very soon.

Basically our/my problem is that we borrowed money to buy our house, and my wife fell pregnant within weeks of us moving in. So we had barely 9 months to save up, but in the meantime we had old "normal" debts to clear.

We have for the last 2.5 years, been living on just my salary and accruing the debts to buy anything.

Now my wife has just started working again, we can eliminate these debts once and for all.

As an aside, I have had problems with bailiffs in the past in that they seem to be almost a form of legalised loan sharks, being able to arbitarily increase debts and put charges on a debt way beyond what I would consider fair. I have always found it heart-breaking when a small debt balloons to something out of proportion. If you are unable to find £ 40 to pay a bill, then by placing £ 90 of charges on top just compounds the problem.

ceegee

Lawbag wrote:

Basically our/my problem is that we borrowed money to buy our house, and my wife fell pregnant within weeks of us moving in. So we had barely 9 months to save up, but in the meantime we had old "normal" debts to clear.

Where or whom did you borrow the money from? The way you put it sounds like it wasn't ordinary mortgage-type borrowing.

ceegee