Talk

Advanced search

Mumsnet has not checked the qualifications of anyone posting here. Free legal advice is available from a Citizen's Advice Bureau, and the Law Society can supply a list of local solicitors.

How much debt do you have compared to spare cash each month?

(24 Posts)
charliecat Wed 10-Aug-05 17:27:10

I have 40 quid debt a month ATM and no spare cash AT ALL after bills. Would maybe have 40 quid a month spare to waffle when im back at work after the holidays. How about you?

jessicaandbumpsmummy Wed 10-Aug-05 17:28:33

Debts of £400 a month [shock}

Once bills paid etc, shopping/spends money is £350 approx.

Thats on one wage, but we are lucky in that we live in army housing and only pay £190 a month rent.

nutcracker Wed 10-Aug-05 17:33:25

We have debts of erm £350 a month and once they are paid anything left goes on food.

hercules Wed 10-Aug-05 17:35:07

550 debt (300 is student loan)

Caligula Wed 10-Aug-05 18:03:29

Spare = £0.

Debt = steady at £2000 for about the last year. (Interest free!)

MaloryTowers Wed 10-Aug-05 18:04:14

Message withdrawn at poster's request.

flamesparrow Wed 10-Aug-05 18:04:31

Oodles of debt, sod all spare.

Caligula Wed 10-Aug-05 18:06:08

Ooh, don't count mortgage!

charliecat Wed 10-Aug-05 18:33:55

pants isnt it? Cant even afford a bus fare ATM..

Mirage Wed 10-Aug-05 21:31:01

No debts here-only the mortgage.

charliecat Wed 10-Aug-05 21:32:07

how much spare cash mirage?

Bozza Wed 10-Aug-05 21:36:28

Debt = £25 a month on interest free credit card. Plus £50 a month into savings to pay off balance when interest free period is up.

Plus last month we got ourselves to the point of being £700 overdrawn. So this month we have drawn up a really tight budget and look like paying off at least half the overdraft.

QueenOfQuotes Wed 10-Aug-05 21:42:20

Currently have ALL of last months billed unpayed - but once DH starts his new job on Monday we should catch up to around £800 debts a month..........

hence the reason I'm looking for part time work to fit around his new job

expatinscotland Wed 10-Aug-05 21:43:58

Spare = 0

Debt = steady at about £3000.

Mortgage? PMSL! That would require actually earning a living wage.

QueenOfQuotes Wed 10-Aug-05 21:45:11

oh and if we're talking about total debts (excluding mortgage - which is a £110k) we have around £30k

spursmum Wed 10-Aug-05 21:45:37

MY debts were £8000! every spare penny went on clearing them. At the end of the year I will have just my credit card left(£3000!!)

Mirage Wed 10-Aug-05 21:51:58

Charliecat probably £100-£200 left after bills.

bonym Wed 10-Aug-05 21:54:26

No debts, including no mortgage (as of 2 months ago - whoopee!)

BadHair Wed 10-Aug-05 21:56:03

I earn £530 per month, part time, plus £110 child benefit. My outgoings are £300 servicing credit cards, £280 per month shopping, £80 per month diesel. Even my rubbish maths tell me that this does not add up. My clothes are hideously old (t-shirts from pre-ds1 and he's now 4) but now and again I think "sod it" and buy something, either in a sale or from Asda or Tesco, on a credit card. I have to to look presentable for work. Kids clothes and shoes come out of food budget or from grandparents.
Dp pays for mortgage and bills, but I do the food so I feel I contribute something.
And I'm in this mess partly because of the IR with their Child Tax Credit cock-up.
Sorry, this caught me on a bad evening - had bank on phone again.

charliecat Thu 11-Aug-05 13:16:35

Had a 234 quid cc bill fall throught the door this morning, nearly choked.

jamboure Thu 11-Aug-05 19:27:31

we have around £40 too after all bills and debts are paid, hardly worth working really

anchovies Thu 11-Aug-05 19:29:11

We have no debt (just finished paying it all off ) but no spare cash either!

Fio2 Thu 11-Aug-05 19:29:36

I have a 140k mortgage on a 250+k house and no other debt

Lmccrean Sat 13-Aug-05 14:57:59

no debt and no savings (well, i have money left over at end of month, but it gets spent on things I need - like a new bed last month..and in 2 months im getting new sofa

Join the discussion

Join the discussion

Registering is free, easy, and means you can join in the discussion, get discounts, win prizes and lots more.

Register now