Page 8 | How much debt are you in?

eyelinerpencil · 2026-06-24T01:00:30+00:00

Was chatting to a friend earlier who is in over 500k of debt, which she thought was ok but I think is astronomical.

Statsquestion1 · 24/06/2026 11:16

Differentforgirls · 24/06/2026 11:15

The thread isn't about being rich though...

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Yes, but a PP said “wow you lot are a rich you’ve got paid off your mortgages”. I’m merely pointing out that just because someone has paid off the mortgage it does not mean they’re rich. Means they are savvy yes…

cinquanta · 24/06/2026 11:15

Differentforgirls · 24/06/2026 11:11

Point is you have more disposable income.

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That isn’t necessarily true if you your circumstances change at the same time. Retirement, for example.

Differentforgirls · 24/06/2026 11:15

Statsquestion1 · 24/06/2026 11:14

That doesn’t make you “rich” either.

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The thread isn't about being rich though...

Statsquestion1 · 24/06/2026 11:14

Differentforgirls · 24/06/2026 11:11

Point is you have more disposable income.

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That doesn’t make you “rich” either.

Statsquestion1 · 24/06/2026 11:14

Differentforgirls · 24/06/2026 11:11

Point is you have more disposable income.

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That doesn’t make you “rich” either.

Crocsarentslippers · 24/06/2026 11:13

Mortgage - £100k owing with really high monthly payments. (joint)

Credit card - £750 , paying off at £50 per month (joint)

Overdraft - £2k (mine)

Joint Savings -£900

No, I wont be getting a lodger or taking in ironing, or retraining in coding.

I'm also aware that 99% of mumsnetters overpay their mortgage, constantly ' top up their pension pot ' ( whatever that is), and have £500 in cash in the house in case of emergencies.

Think I've covered everything there!

Differentforgirls · 24/06/2026 11:11

Statsquestion1 · 24/06/2026 10:44

Having a mortgage paid off doesn’t make you rich though. the value of the house could be anything, 100k vs 1mil…big difference.!

Point is you have more disposable income.

Statsquestion1 · 24/06/2026 11:10

crushedgrapes · 24/06/2026 11:03

I'm intruiged by this level of creativity! Sounds pretty genius honestly. How many credit cards do you need to get up to £200k? Do you get in a muddle when their deals run out or do you track them on a spreadsheet? This would actually be an interesting AMA.

Edited

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I’m also intrigued as I was under the impression that you can’t pay a mortgage with a credit card. Unless you did a credit transfer into your account @crushedgrapes which usually comes with a fee…no?

mondaytosunday · 24/06/2026 11:09

Well if you include mortgage why is that so bad? At one point my DH and I had a mortgage of over £1m. So excluding my mortgage (not the £1m one - I have a £75k one), about £10k? Took an expensive holiday and a couple unexpected expenses pushed me to put more than I’d like on credit cards. Should be able to pay it off by October though.

sweetpickle2 · 24/06/2026 11:09

About £30k without mortgage. About £350k with.

crushedgrapes · 24/06/2026 11:03

SunnySunnyDayz · 24/06/2026 09:44

I/we have about £200k on 0% credit cards, which we use to offset our £150k mortgage so we pay no interest, the remainder is in the highest I terested savings accounts we can find.

Been doing this for about 15 years, have paid very little interest on the mortgage.

I'm intruiged by this level of creativity! Sounds pretty genius honestly. How many credit cards do you need to get up to £200k? Do you get in a muddle when their deals run out or do you track them on a spreadsheet? This would actually be an interesting AMA.

Dontcallmescarface · 24/06/2026 11:02

Zero.

XenoBitch · 24/06/2026 11:01

MintChocCat · 24/06/2026 10:58

I’m surprised that’s still going and hasn’t been written off by now!

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it is Plan 1, so sadly not until I am 65.

MintChocCat · 24/06/2026 10:58

XenoBitch · 24/06/2026 10:55

None. But I have a student loan from the 90s, and I have no idea how much it is now. Are we counting student loans?

Well, none today. I will probably be dipping into my overdraft in a week.

I’m surprised that’s still going and hasn’t been written off by now!

XenoBitch · 24/06/2026 10:55

None. But I have a student loan from the 90s, and I have no idea how much it is now. Are we counting student loans?

Well, none today. I will probably be dipping into my overdraft in a week.

MintChocCat · 24/06/2026 10:54

I don’t include mortgage or student debt.

TinDogTavern · 24/06/2026 10:54

About £12k unsecured - approx £8k of that 0%. Trying to draw down £4k from pension early to cover the interest bearing bit. No chance of reducing the rest, will rate tart it around as long as I can.

£40k mortgage, £160k equity. Single, late 50s. No kids, reduced hours because knackered. Decent pension.

Perfectly relaxed about it, bite me ‘careful’ mumsnetters….. 🤣

OttersOnAPlane · 24/06/2026 10:52

For the first time in my adult life, zero.

Mortgage finally paid off, no overdraft or credit cards or loans. It's a great feeling!

MiddleAgedDread · 24/06/2026 10:47

Just under £31k left on the mortgage, no other debts.

EvangelicalAboutButteredToast · 24/06/2026 10:47

Just over 100k on mortgage which we will clear next year. After that I think we’ll still have a good chunk of savings so it’s all fine.

500k of debt including mortgage is doable when you still have thirty odd years of working life left but very worrying if you are in your 50s.

Contrarymary30 · 24/06/2026 10:46

No debt , house paid off . Due to being poor as a youngster I'm super careful with money . I wouldn't sleep if I had debt other than a mortgage.

Statsquestion1 · 24/06/2026 10:44

Having a mortgage paid off doesn’t make you rich though. the value of the house could be anything, 100k vs 1mil…big difference.!

EeewDavid · 24/06/2026 10:42

Well done all of the great money managers on this thread 😁

We have a mortgage - paying around £950 monthly and have approx 15 years left.

Then we have about 30k loan debt for our cars and £5k credit card debt. Never missed a payment. Donate to charities monthly.

Decent earners. North East UK. About 100k combined salary. Have a couple of hols a year, various mini breaks, 2 cars, child wants for nothing - lots of hobbies. And various pets. We earn well/spend well. Doesn’t always feel 100% comfortable but we’re fine :)

Also we live in a 4 bed house with big garden in a lovely coastal area. All in all - its good :)

We have about 8k in the pot.

cinquanta · 24/06/2026 10:40

Zero. However, when we had a mortgage we could have paid it off years early. We didn’t because the money needed to do so was earning more in interest than the mortgage was costing.

Debt isn’t necessarily a bad thing.

DustyMaiden · 24/06/2026 10:39

None. Throughout my life I’ve had loads sometimes too much. But time passes kids grow, mortgages get paid . Wages rise, you get promoted,