AIBU to ask how much debt you are in?

[stingray586]

Having a conversation with DH about whether our debt is above average or not. Our household income is approx £40000. We do have a mortgage but don't want to focus on that more asking about credit cards and loans. We have a credit card with £3000 owed on it and pay £200 a month for our car. We hope to pay off the credit card within the next 12 months.
AIBU to ask how much debt you are in? And if you also don't mind saying what your household income is as well? As obviously being £3000 in debt when you earn £20000 is a lot different to someone who earns £100k.

None apart from mortgage (which is huge). Household income around 85k.
We put pretty much everything on a credit card but pay it off in full every month so never pay any interest. For big purchases, car, furniture, holidays etc we save then buy outright rather than borrow. Only spend what we have.

Household income of about £67k here. No debt bar a mortgage. Well, £75 on a credit card currently as we use it for Avios points and put our fuel etc. on it. It gets paid off in full every month though.

No overdraft facility on our bank account and no credit cards bar the Amex, which we use for the benefits it brings and pay off in full every month. Cars wise, one is older and one has plenty of mileage for its age, but both are looked after well and should hopefully keep going for a while. I'm very funny about any kind of debt and would feel very uncomfortable if we had a big credit card debt or an overdraft, hence we simply don't really have that facility. I recognise that we are lucky to be in a position where we can take that stance though. We try to put a good amount of money aside every month for emergencies/unexpected vet bills or anything like that and if we can't afford it we don't buy it and will save for it instead.

Household income was previously much lower but we have always been the same. I'm very glad DH takes a similar approach to me as we have a joint account and everything comes from the same pot.

Paid off mortgage .
Pay off credit card every month.
No store cards.
No loans.
No car credit.

No debt. Mortgage was paid off 12 years ago but we went without holidays etc to achieve this. DH lost his job 3 years ago so with hindsight, it's a good job we paid it off. Household income now c£34k.

We have a household income of 65k and have around 30k debt which includes a car payment. Unfortunately we both lost our jobs(same company) and had to use credit cards until my husband got a job!

It's rubbish but it makes me realise the importance of an emergency fund as you never expect it to happen.

Debt terrifies me so income very low indeed but no debt thankfully.

None. We don't have a car, though. I earn 35k, DH earns 24k (London).

household income about 65-75k depending on overtime. no mortgage as we rent. combined debt of about 20k. 5k of that is a car loan which we will be clearing in a few months. i am currently on maternity leave so obviously income has dropped significantly for the time being.

£6k of car loan, plus mortgage, on household income of £150k.

None apart from the mortgage.

No loans no debts no credit card bills to
pay. Just a mortgage.
Cannot understand how people get themselves in situations where they live beyond their means and get into trouble.

Massive mortgage. Income is good but we do have outstanding credit card debt from house renovations which overran and an overdraft - about 8 or 9% of our joint income, we'll pay it off in the next 12 months. And we're about to take out quite a large loan to buy a car.

No debt. No mortgage. But I’m probably at a later lif stage than you.

Life

Household income is just under £21k (I'm a single parent but have included the maintenance I get from my exh in this).

I have no debt at all. I live a really simple lifestyle and I don't like borrowing money that isn't "mine". I save for what I need. I have a low income but low outgoings.

I have recently got a credit card but I just use it for groceries and then pay the full amount every month. I wouldn't ever use it to make big purchases, for things like holidays/new furniture etc I save up.

Just the mortgage.

Our household income is 30k.

Household income of £70k, currently some debt as we remodelled our house last year and used interest free credit card and loans, rather than our savings which have a miserable 1.5% interest😂
Card and loan due to be paid off in April next year.
We both have new cars on lease, which we know we will never own but are happy to pay out for them about £400 a month in total. No children left at home, very small mortgage due to end next year and managing to save £500 a month.
I will be retiring in 12 months, and will work 3 days a week plus pension, until I can get my state pension in 6 years, when I will finish work completely.

Currently no debt but will (finger crossed 🤞) owe family approx £15k soon when we buy a house. We can't get a mortgage so needed to borrow it this way which tbh I don't like at all but lucky to have family who can/will help.

No debt and no mortgage
Took us 18 bleedin years though!
12mths ago we were in £15k of debt...OD, CC, Car loans, Home loan etc etc. The fear of Brexit and the unknown forced us to rethink our finances. So major purge on ebay plus spending sweet FA all year cleared all debt last month. The real sweetner is that we did it without using our savings.

59k joint salary. £1500 on a 0% credit card. About £1500 left on a Personal Loan that is £100 a month for windows and £38 a month about £1100 for bedroom furniture. £4400 total.

About 2k on a 0% credit card, looking at getting a new car which will probably require about 10k loan. Income 95k.

I make a little over 15k a year and don't have any debt. Husband makes 25k and has £1,800 on a credit card and pays £50 a month on a student loan. No idea what the total of the student loan is.

Household income of around £200k. Small mortgage of £140k on a house worth around £1m, no other debt. But 2 x sets of private school fees and £1k a month on school wrap around means we don’t have much spare month to month.

We’ve had a tough few years with both of us having been made redundant and only just got back to a level where our income exceeds our outgoings so we’ve eaten into some savings. But hopefully back on track now.

no debt but mortgage is £250k. household income of 100k ish. Will be very happy once the mortgage is lower.

I have no debts. Until recently I was £23000 in debt which was so stressful. It was a result of a flat sale falling through at the last minute so as soon as it sold at the second attempt I paid off all my loans and overdraft straight away.