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.

Income of around 120k. Depends if you count student loans! Outstanding student loan of about 25k which I don’t think will ever be paid off.
No other debt but we put everything we possibly can on a credit card and pay it off in full each month so depends when in the month it is I suppose.

Single Parent also support my DM who lives with us / but also does DD childcare.

Household £66k.

No debt. Mortgages of £780 on our home and 2 BTLs but total worth of properties is £1.5m.

Do plan on buying some furniture on 0% as - why not - although I can afford to buy it outright.

Had a real streamlining of Finance's over last couple of years I do have to be careful...

None at the moment but we are thinking of upgrading to a house and still keeping the 3 bedroom flat we live in.

If you had asked this 10 years ago then I would say that I had £5k on credit cards, £11k car loan and had. mortgage.

When most of your pay goes out on bills there comes a point when you have had enough. You need to change your attitude towards money.

For many years I followed my own plan of paying off the debt, I then found Dave Ramsey and followed that plan... now I have no debts at all.

It is easy to get in to debt, it is hard to get out. You can do it though, it will take a few years.

Podcasts and videos are available for anyone looking for ways out of debt. I especially liked: Dave Ramsey Show (US based but principles apply anywhere), Meaningful Money (UK finance podcast).

We’ve cleared most of our debt. Just mortgage and about £200 on a credit card.

OP - I don't think your debt is huge but the nature of it on a credit card is pretty bad. The £3k loan will cost you around £600 per annum in interest bare min....,so I'd be doing everything to pay it off asap and cut it up as well as any other cards. Checking to see how much others earn and owe is a funny way of sense checking your own problem.

About £3,000 but expecting some money soon which will clear it. Income around 25k, overtime dependent. Ours was due to having to move unexpectedly due to our landlord deciding to sell and just not having enough to cover everything. Will start a small saving account once it is clear

@nannynick I second Dave Ramsey - totally transformed my attitude towards money. I also have a clear plan for the future now which gives me a real sense of security!

£25k income, £2400 on an interest free card (funded new car, will be paid off in interest free period).

DH has a £1k overdraft but we don’t have any debt other than that. We do have a massive mortgage though (£330k). Our joint income is currently around £60k.

About £5k debt on credit cards, £300 a month on car which will be paid off in two years.

@Nofilter Yes, my jobs are not very secure, have been made redundant several times, so being debt free and having a FFEF of 6 months expenses really helps me feel more secure. I am now playing catch up with Baby Step 4 (saving towards retirement).

About 2.5k credit card/overdraft

Income about 50K.

No debts. No mortgage (paid off)

Semi retired

Income £30,000
No kids
No debts

Income in excess of £100k. All credit cards paid off, just the last £40k on the mortgage to go. Would have been gone years ago if we hadn't got ds through university without any loans or debt at all.

Family income of 44k, currently have £240 on the credit card (limit if £1000, which is generally used for Christmas and emergencies) No loan for the car, but it’s definitely on its last legs, so that might be something we’d have to think about soon.

30000 personal debts plus mortgage
Debt goes up and down, when we started out together was approx £60000, was £5000 2-3 years ago but has gone up due to some circumstances in the last few years notably a need to retrain and relocate, sort out legalities and citizenships. We are very careful what gets put as debt, things are discussed and it tends to be big picture stuff eg career/cv building rather than holidays or goods.
Now have relocated, income 95000 per yr, job more secure (investment in career was worth it!) and we are paying off at least 1000 a month while living comfortably in new location. Never touch overdraft.

17.5k debt ( 2 credit cards & one loan )

Family income around 75k so not huge.
We really need to get rid of our debt but we don’t worry enough about it.

Oh, we also have 120k mortgage & 15k car loan but that’s normal life.

No debt except for my student loan, which I don't really count. We are skint though!

Debt scares me-so easy to get into, so hard to get out of...

Household income 30k, no mortgage but 10k on credit card and personal loan of 7k currently. Aim to be debt free in 2 years

Household income of £40k (ish, although this is guessing as I’m not sure what DP earns exactly) and no debt other than a small-ish mortgage (less than £70k).
I spend on my credit cards monthly as I get a small amount of money back from it but they are always paid in full each month and never go over £200 (as I wouldn’t be able to pay them off in full)

Mortgage of £220k. Lots of equity in the house though.

Credit card of £5k on interest free. And we lease our car at £200 per month so will not own it. Income approx £100k.

There's a lot less debt on this thread than average.

I'm wondering about the demographic?

We're the same. £270 mortgage (property 'worth' 600k).

Had 10k on a credit card last year - will be paid off by December 1st.

No other debt.