I'm skint shocker!!!!!
Ok I have just chopped in a 30 grand home owners loan for a short term personal loan to clear the debt quicker. My loan repayments are now more than my mortgage. I'm left with just £400 a month spare cash. Have I left myself too short. What does everyone else allow themselves for spendies? I'mPosted 8 years ago
used to not worrying about it too much…
I had a home owners loan over 25 years which I swapped for personal loan cutting down the actual amount of interest paid vastly. I haven't got a credit card as I end up buying bikes I don't need. 100 quid a week is easily spent on nothing in particular. Guess I need to look at priorities. Good to know others manage ok.Posted 8 years agofontmossMember
400 a month would be fine for me but it all depends on what you normally spend your fun credits on-swanky bars with ladies of the night or running round a muddy field shouldering a cross bike?
edit:having just done a budget for my loan application, 400 would be tremendous – email in profile if fancying sending me some (gifts of hbars etc also gratefully received)Posted 8 years agoalpinMember
even whilst living at home i didnät have 400 quid spare each month. well, ok. i might have done had i not spent lots of it on drugs, but were talking after the neccessities, aren't we?
right now i'm earning about 50€ a week! **** all work around and i can't get 'help' from the state as i haven't been here long enough and the UK won't help as i wasn't claiming before i left. somewhere between a rock and a hard place….
think yourself lucky.Posted 8 years agoTheLittlestHoboMember
Whats a £30k home owners loan????
Is that your way of saying you are £30k in debt?? Or are you saying you have a mortgage on your house and a seperate £30k loan secured against the house for 'house' stuff?
If so you have a mortgage and a £30k debt then (Or please explain otherwise)
So in that case you dont have £400 per month. You have a £30k debt that needs serviced or you go bankrupt.
People need to wake up and smell the roses.
Unless of course you say the debt is something else which i look forward to hearingPosted 8 years ago
A home owners loan is secured on your property. I'm now paying it back quicker with less interest. Repayments are more than my mortgage. I want to get rid of my debt. I earn about 37000 a year and have two kids. Certainly does not feel like I'm loadsamoney. Pretty average I would say. Smelling the roses is what I'm doing hence the loan switch.Posted 8 years agoahwilesSubscriber
it's like listening to one of the Royal family, telling us how frugal they are.
£400!? are you worried you can't afford a fortnight in Klosters this year?
poor lamb, you could stay in Val d'isere with the common folk, they're not bad people you know, once you get used to the smell…
(i'm on about £250 / month, if i can stay off the booze, and live on fish finger sandwiches)Posted 8 years agoTheLittlestHoboMember
Hobo, he is servicing the debt and still has £400 left. Why would he be in danger of bankrupcy?
Because from the way he has avoided saying he is heavily in debt and has also stated that he has spending issues, along with actually having a mortgage and a £30k loan it seems to me that the guy has more outgoings than just the Mortgage and the loan. Just by moving debt about doesnt actually make you more sensible with your money.
I have a brother in law in a similar situation. I also call him a bankrupt, cos he will be in the next couple of years IF HE DOESNT DO MORE THAN JUST ALTER THE STRUCTURE OF HIS DEBTPosted 8 years ago
The topic ‘I'm skint shocker!!!!!’ is closed to new replies.