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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Message withdrawn at poster's request.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

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