How much debt are you in?

[Bottomlesspit21]

Following on from the savings thread, how much debt are you in?

Not including mortgage but including student loans, car finance etc.

I’m not in any debt but haven’t got much in savings either!

None except mortgage. When my brother was younger, he got in loads of debt. Watching him stress about it really put me off.

I thought a forum is where you ask questions to get answers from strangers no?! Otherwise surely everyone would just ask people they know everything they post on here!

But sorry if I have offended anyone anyway!

I’m not even on the property ladder yet and have only just paid off my car so I’m hardly revelling in other people’s misery!

A bit short of 3k on our joint loan and not a clue what my student finance is but it ll get wiped anyway

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Nothing barring the mortgage, we've spent the last year not having child care expenses paying off everything.

About £47k.

Mix of credit cards and loans.

Plus £250k mortgage.

Doesn’t really bother me. We pay off £1000 a month, plus £1100 mortgage. When it’s clear we’ll probably do our kitchen which will rack it back up.

150000k mortgage and about 5k on a loan

Ours is higher than 47k was manageable but then things happened outside of our control and coupled with covid we couldn't pay. Payplan have been fantastic and we can now sleep at night easier and getting stuff paid.

Lots. Shit happens.
But that's my problem not yours.

A lot. Plus a business loan.

And I agree with PPs, it’s not the same as savings threads. There’s something comfortingly inspiring about them, like there is another side.

I’ve always been very conscientious about money and this year has been a shock to the system. I posted on another thread earlier about what we’re working to, but the truth is that’s going to take a lot of time.

In the meantime debt has made my mental health suffer more and more this week. I need to make phone calls today and I’m dreading it because I can’t do anything about any of it right now and six months ago it wasn’t even an issue, we had more than enough. I had to shop for food today (I’m hungry, I’m eating one meal a day to save cereal and bread for DH and DD) and the only option I had was to whack it on the nearly maxed out credit card. I’m in a very dark place and having strangers ask how I could possible have let it get so bad would not help at all.

I know all the advice, I’m related to a well known debt expert. Hell, I’ve worked for them. I need to talk to them about it as I know they’ll want to help. I love MN, but I also know exactly the responses I’d get and I’m already VERY fragile.

My under grad was 5 years and I’ve just finished my MA so probably around £90k student loans. I’m hoping to do my PHD in September so that will be around another £30k plus interest.

But apart from that no debt. Not in my over draft, car isn’t on finance so I like to pretend that my student debt doesn’t really exist.

Op you are being extremely insensitive, if you had debts and wanted to post to relate to others or get advice I'd understand but to ask this then say you are alright thanks v much is incredibly rude.

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@BarbaraofSeville

Mumsnetters don't have debt, as a rule.

You'll get a lot of smug replies about not buying what they can't afford, but in reality it's usually down to having a decent reliable income and not suffering any significant bumps in the road that end up in a debt hole.

I do wonder about threads like this that serve little purpose except an exercise in how to generate bad data and demonstrate how far from the typical UK average the Mumsnet demographic is.

If you want to know average debt, I'm sure the ONS has some good data.

Disagree barbara.

Even when I was on £5 per hour, I had 0 debt. And even as my earnings increased, I stuck to 0 debt.

I didnt go holidaying (abroad once every 5 years maybe), no booze and fags, no fancy cars, saved as much as I could, worked 1000 of hours of overtime, didnt buy £2 coffees, planned my family, and ordered tap water whenever i ate out.

Whereas my friends, bought fancy cars, went abroad every year, bought starbucks everyday, one had an accidental baby from 1 night stand and others never settled down.

People make choices, then they have to live with them.

Started poor, but as time went by actually became well off, thanks to my mindset. (I have friends that earn double me, but still dont have money in the bank at the end of the month / complain about being broke)

My ex-partner killed himself because of his debts - because they were all in his name, he felt it was the only way he protect his wife and family.

I hope that satisfies your curiosity. Being nosey about people's debts isn't like being nosey about people's favourite foods or something similar - it can literally be a matter of life and death for some people.

I hope you feel ashamed of your curiosity, but I somehow doubt it.

Bit of a shit question to be fair OP, being nosy about something that can have a massive detrimental impact on someone isnt cool.

@userxx

Bit of a shit question to be fair OP, being nosy about something that can have a massive detrimental impact on someone isnt cool.

This is the internet. People are not obliged to read or respond to OP's post tbh. And OP can ask whatever they want. (Tbf you are also entitled to respond how you like as well, as you have)

Imo, if you dont like whats on the internet, then you should probably get off the internet.

I've seen this kind of thread a lot and I've never seen the op get such a hard time.

0 debt, just mortgage.

No debt, no mortgage.

None except the mortgage. Being in debt would be very mentally uncomfortable for me so I've never had a loan or credit card.

£200 on a credit card, to be paid off this week once paid.

@FluffyHippo

My ex-partner killed himself because of his debts - because they were all in his name, he felt it was the only way he protect his wife and family.

I hope that satisfies your curiosity. Being nosey about people's debts isn't like being nosey about people's favourite foods or something similar - it can literally be a matter of life and death for some people.

I hope you feel ashamed of your curiosity, but I somehow doubt it.

I'm genuinely sorry that happened but, the OP didn't ask you to share that and it wasn't her question. People are free to scroll by any thread and not comment.

@MiscUser9823 I like plenty that's on the internet, questions like this are unnecessary though, especially at this moment in time. Far too many suicides occur because of debt, it's not something to ooo and ahhh over.