Stooze pot as proportion of salary

Richie(UK)

Hi all,

What sort of proportion of your salary are you guys (and gals) managing to get into your stooze pot? For example, if your salary is £10,000 is it realistic to aim for a pot of £10,000 (100%) or should the aim be an even higher proportion.

As a beginner I'm just curious as to what I should aspire to

Only fair that I should get the ball rolling : I'm currently at 58% of salary.

smartsaver

Mr Smartsaver and I have about 90k stoozed but about 100k total credit limit (one card kept for monthly use and monthly payments reducing the stooze pot).

We jointly earn 70k...

Stonk

My salary is £15K, and I have £40K stoozed. 267%.

OK, I admit it - it is not quite a fair comparison: I run a company and take most of my earnings as dividends rather than salary. Luckily, credit card application forms usually ask "income" rather than "salary"!

If people are managing to stooze 100% of their income, I clearly need to be applying for more cards!

ashmit

I only have 25% approx of my salary stoozed at present. I had a load of searches though about 10 months ago so am waiting for a while to apply to anything else.

Pricy147

I'm currently around 510% of my salary available in credit. Only about 200% in use at the moment. Been doing this for around 5 years though.

InsuranceLiability

not tried to go above 200% but been doing it for 5 years as well

mary

Pricy147 wrote:

I'm currently around 510% of my salary available in credit. Only about 200% in use at the moment. Been doing this for around 5 years though.

Slightly curious as to why you don't use the remaining 310%?

Richie(UK)

Stonk wrote:

... If people are managing to stooze 100% of their income, I clearly need to be applying for more cards!

My thoughts exactly

Pricy147

I'm in the process of renewing many of my cards.

As of next month, an extra 50k will be stoozed. Thats my egg renewal, and an upgrade on my LTSB card.

I have 14k on my Halifax One card that I am struggling to renew - but refuse to close with a credit limit so good. Any card with a credit limit of 5k or more, I will try not to close, and look to get repeat offers. I have about 4 other cards in the process of being renewed at the moment too.

By August, I should be around 370% of my salary stoozed.

You go through peaks and troughs, and at the moment I'm in a trough.....but not for long