HELP...stupid spending habits!!

wishiwasarichgirl

jennifernil wrote: »

Beating yourself up is good, if it stops you doing it again!

Pity you cannot get a part time job.

she has already said twice that she can't.

not sure if they can legally stop you taking on a part-time job though - how would they know

edit - quoted as you edited!

liney

Well the way i see it, is that you need to stop 'having a life' for a few months. Your income is £200 and cannot be increased, therefore your expenditure must be decreased.

What do you spend on food weekly?
Do you biy lunch, or take a pack-up?
Do you have a contract phone or PAYG?
What bills are you responsible for?
How much does travelling to and from your place of study cost?


Give us a clue... )

dmg24

There is plenty of work that you can do without your future employer finding out. As noted earlier, there are endless ideas on MSE, you just need to find them.

Voyager2002

dmg24 wrote: »

There is plenty of work that you can do without your future employer finding out. As noted earlier, there are endless ideas on MSE, you just need to find them.

Bad idea!!

Do you think a future solicitor should be encouraged to break a training contract and deceive an employer? And what happens if things start to go wrong: the temptation would be to cover up misdeeds, and so get into even more trouble. And anything involving dishonesty could lead to being barred from becoming a solicitor, which would of course be a disaster.

No, the primary problem discussed is one of guilt. Deal with that by acknowledging your past mistakes: admitting your fault to a friend; a priest; or to an anonymous discussion board like this one. Resolve to live in a different and better way, and set yourself goals that you can meet, and ensure you meet them. Since your father has invested so much time and effort in ensuring that you are able to become a lawyer, you might want to resolve to spend an extra fifteen minutes per day studying law (on top of what you do already). That extra time might make the difference between scraping a pass, and actually being rather good in your profession.

Another point: if you spend more time studying, you will have less time in which to waste money, and so will notice an improvement in your bank balance and spending patterns.

Grass_Stained_Feet

I'm going to repeat some of the above and say, we need more info!

One question....normal (non-supported by dad people) which I would have thought would be most of your course mates... How do they cope? Or are they using a student loan?

The £200 a month, what is it for? Do you have to pay for food with it? Do you have tube/bus fares....?you need to make a complete breakdown of what you are spending...otherwise we can't help. Do you just need to survive until the summer?

Do you have a free student over draft? Could you get one as a temporary fix? Then when you get next years loan/money coming in from the job you can be strict with yourself and pay it off then.

I would work out the absolute minimum you can spend a month (people can help you reduce but only if you give a list of outgoings), then if you need more than 200, find another interst free source (overdraft/credit card) until the summer, then when you earn/get next student loan, you can pay it back.

There is no quick fix here....but it can be fixed soon after you get more incomings!

As for the guilt, I suggest not taking the £200/month next academic year (if you have one)- or at least stop when you are out of debt, you should not need it with the student loan - put back £200 a month for a year or so once you are earning in a job in an isa or something, and get your dad a huge present at the end of it. Once you are earning and out of debt you will be able to save that kind of money.....*but i'll need to save for a house, for a holiday*...no you don't, you little selfer!!

I had to survive on £4000 in my student years, to pay for everything....rent, bills, food, nights out (of which i had plenty on such a small 'salary'). I can understand why people find it hard to sympathise, and you may feel guilty now....but you can't ignore the fact you did live the high life for a while...on your dad's money, talk about a slap in the face for his generousity. (Sorry....I am trying to help )

Oh, and you could always look into the matched betting bit of this site, but only do it if you understand it. And won't slip off the rails.

G-G_4

It seems as though you have been spoilt, please don't take that as a personal attack.. x

I was the same when I was a kid, and when I got into the real world I had no idea whatsoever about the value of money.. and the consequences of spending, and the benefits of saving.

If I were you.. I would come clean to your dad, tell him what has happened and what you have learned from your mistakes. There is no point you struggling along trying to manage this debt when you have no way of getting an income? x

Can you eBay some stuff to try and pay off the credit card if you really don't want to tell your dad?

Hope that helps, don't mean to criticise.. xx

foreign_correspondent

Count yoursef lucky, your debt is tiny for a graduate, and you have a job lined up for in a few months.

What you should do now is...
a) get on with your studies so your dad's input has not been totally wasted,
b)live on the bare minimum so you don't have to ask hime for more,
and
c) when you start working pay your dad back, this may well help wth the guilt and is the right thing to do. Your dad will respect you for it - I am sure he can't have been be too delighted with you in the recent past!

Best wishes

FC

squeaky

Hiya

Hi, I'd advise you, even if you are not in debt, to go and join here:-

Debt-Free Wannabe

If you makes a full list of income and outgoings SOA (Statement Of affairs) the regulars there will point you to the various places where you can get help in reducing all your bills and payments.

Once you've done that, you should join here:-

MoneySaving Old Style

This board will give you all sorts of help and tips on how to make the best of what's left - i.e. household budget, shopping, cheap and easy meals and a whole lot more.

Both boards are very friendly and very helpful.

HTH

You might also want to look at the Up Your Income board for any possible ways to fit in a little earner around your own situation.

HTH

jennifernil

wishiwasarichgirl wrote: »

she has already said twice that she can't.

not sure if they can legally stop you taking on a part-time job though - how would they know

edit - quoted as you edited!

I take ages to type, so I think the OP posted again while I was typing!

Once I realised, I thought I should not be so hard on her!

Blacksheep1979

skintstudent84 wrote: »

Blacksheep- it's not as simple as that, my training means that I can't work alongside otherwise don't you think I would be doing that? Unfortunately I can't change what I have done so your comments aren't helpful at all.

That's because you're still in denial - you CAN get a job alongside your training contract, you're just making more excuses. Do you expect money to magically appear from nowhere and wipe your debts? It's not going to happen.

As for being barred from becoming a solicitor through breaking a contract - well you probably need to do a little more study