I respect what you say about the gym and where you live but you either want to get out of debt or you don't. On your income and with the level of debt you have you have to quit the gym and look for somewhere cheaper to live.
You could see if you could transfer some of your current credit card debt to a 0% interest one for 6 months or so or even to consolidate them with the loan now that you are working.
don't forget that you will be able to claim tax relief on the dentists bills at the end of the year and any other medical expenses.Is what you are getting done at the dentist an essential?
Shopping bill is big for one person. Could easily cut this by at least 100. I eat healthy and spend no where near that.
One other thing is that there are some shops taking on extra staff for the xmas period so you could get an extra part time job for the next few months to bring in some extra money.
I had a part time job in college at weekends and I was going to keep that up with this job, but after the extra tax it just wasn't worth my while to be honest
If quitting the gym or moving to a cheaper place are not options you want to take, then look again at that part time job. It is worth your while to get out of debt, or else you wouldn't have posted here. You are limiting yourself by your other choices, which is fine, but then you need to go down another avenue. Just because you will pay tax on money earned at an extra job is not a good enough reason not to do it if you are really serious about reducing your debt. The maths involved on your current wage just don't allow for much wiggle room, even if you reduced your food bill (which you also should do). No one on this forum can create money out of thin air for you so you need to either cut back (and food is the only area where you are prepared to do that) or earn more (the part-time job).
p.s. just saw your post about consolidation - don't assume that the bank will be ok with you doing that. If they do let you, that's great, but banks are currently notoriously reluctant to allow consolidation of loans.
Annual gross income from employment or profession: 25k
Rent: 260 every 2 weeks
Cailin,
Oh gosh - what are you saying? A junior cert student? A laptop? For christmas? And you can barely keep your head above water?
Is swimming in debt by previous spending habits not a lesson to you? Is it going to take possible legal action against you to realise your situation? It was my sisters birthday last week and I bought her at least 5 different things for €20 in TOTAL. And she was delighted.
I really really cannot express how concerned I am about you if you think it would be ok to go off and buy a laptop while having a mountain of debt.
Can you think about that one for a minute and ask yourself exactly what advice you are looking for on here. I dont think anyone here would advise you to spend money you dont even have while trying to get out of debt.
Cailin,
Oh gosh - what are you saying? A junior cert student? A laptop? For christmas? And you can barely keep your head above water?
Is swimming in debt by previous spending habits not a lesson to you? Is it going to take possible legal action against you to realise your situation? It was my sisters birthday last week and I bought her at least 5 different things for €20 in TOTAL. And she was delighted.
I really really cannot express how concerned I am about you if you think it would be ok to go off and buy a laptop while having a mountain of debt.
Can you think about that one for a minute and ask yourself exactly what advice you are looking for on here. I dont think anyone here would advise you to spend money you dont even have while trying to get out of debt.
Cailin,
Is swimming in debt by previous spending habits not a lesson to you? Is it going to take possible legal action against you to realise your situation?
I posted on here for advice, and I got it.
Thank you for your time Yram but to be honest I feel even worse now.
I'd appreciate this thread be locked as I won't be checking it anymore.
Thanks again to those who posted.
How long have you been renting for? Make sure you claim back previous years of rent relief and get tax reviewed. You get back roughly a months rent per year
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?