Combined? 3k after tax.
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Combined? 3k after tax.
How are you struggling so much? Are you in over your head with the mortgage?
You could live like a king in the UK on that money. I was only taking home around £2k when I lived there but it didn't matter because a loaf or bread was about 10p and you could tax any car for under £400.
Yeah Magic is having a 'mare if he's struggling on 3k per month. Probably up to his eyeballs in mortgage bullshit.
That's him and his wife's wage he said.
We spent all our savings on doing the house up, and had to borrow money from the in-laws. So we've got two loans totalling £350 a month, and just frequent outgoings. The holiday we lost £700 on spending money in June too.
We'll recoup, but I'm still behind on my credit card payments.
I thought you were pulling in dat engineer money? Me and my wife earn not far off that. She works part time and I'm a civil fucking servant. 'Mon MJ, you don't have to fiddle the figures with us. Save it for court.Quote:
Originally Posted by Magic
She also works part time as a receptionist so lol.
You wanna talk about engineer money you give Foe a call.
How much are you paying on your mortgage per month?
And substantial, premature hairloss.
But we can't have our cake and eat it.
£550 and I pay £50 over. So £600.Quote:
Originally Posted by GS
Magic is the type that would get into debt to have a newer car or bigger veranda than the neighbour.
So £1K a month, effectively, to meet outstanding medium and long-term liabilities. Where's the other £2K going? I could understand the odd bad month where your cash flow takes a hammering, but the lack of any savings suggests this is a proper long-term problem.
Stop thinking you're Hyacinth Bucket and save, you twat.
I think our direct debits were £1,200 a month. Plus the loans. So that's about 1.4k for a month. Then I'm behind about £3-400 on the credit card, so that's 1k a month. Months are long and we do stuff. I like to have a good life.Quote:
Originally Posted by GS
No. You like to have a good month. You aren't planning for life.Quote:
Originally Posted by Magic
A shame that you haven't figured out how to yet.Quote:
Originally Posted by Magic
Too good, clearly.
Nobody say it
Edit: Damn it @Pepe
What is planning for life?Quote:
Originally Posted by Giggles
:(Quote:
Originally Posted by Pepe
No. It's just been expensive. Since February.Quote:
Originally Posted by GS
Things will get easier, damnit. Next month is looking good. Right?
£0/month on haircuts. Savings :cool:Quote:
Originally Posted by Magic
You have £15 in the bank, Magic. This is not a short-term problem, however you want to frame it.
This is because of choices you've made. You need to make different choices if you don't want to be skint.
GS is right. Your Vodka needs to be distilled 5 times max.
This is what credit cards are for.Quote:
Originally Posted by GS
Credit where it's (over)due.
Yeah, all lulz aside - I have £12 until next Tuesday. 'Sake.
I've been going ok, despite the ridiculous rent, and the wedding didn't take near as much as originally thought. But Magic owns a gaff and I never will so even if he has a tenner left by the middle of every month he's still doing better.
You guys need to try having no hobbies or social life and a far more limited pool of friends.
All you need is two TVs are you're sorted.
On the downside, I'm pretty confident my flat is worth about £20k less than when I bought it 36 months ago. :moop:
I have £30k equity if my house hasn't lost value, which it hasn't.
I'm paying for someone elses :)
We haven't lost any of the value on ours (South East innit) but I doubt it's gone up since we bought it. Fucking Brexit.
The only positive for me is that I've saved a shit load in interest by overpaying the fuck out of my mortgage. That almost offsets the losses. Almost. :(
Still, £90k to go and then its mine.
I've got a couple of grand on a 0% credit card which I'm hoping to clear the majority of by the end of the year. Hard when you've got a friend wedding in Goa and having to try pay for anniversary and birthday gifts. It doesn't help deciding to go on Euro aways either.
That's the life you want @Magic. King of the world.
:cool:
I pull in about double Magic and don't have any savings.Quote:
Originally Posted by GS
It's called not being a sad cunt.
And you're travelling with it, so you're extra wasting it.
High five bro.Quote:
Originally Posted by Giggles
I've never had a credit card and I put away, like, 30% of my take home into savings. One day I'll have enough to buy my own flute band.
I'm only on 20k per year and I've managed to put away £300 per month in savings with an active social life and without really having to think about it too much.
I honestly don't know how the fuck people splash their fucking cash every month, unless they're earning minimum wage.
My biggest outgoing is rent.
And caviar.
Our mortgage is a grand per month. We save £800 per month between us, but we're going to increase that to a grand once the summer is over - we always spend more when she's off school.
We currently save £300pm but I have passed my driving test so can now stop paying out £150pm on lessons. Going to pay up front for insurance so hoping can start putting away £400 with the other £50 for petrol. Our Mortage is ~£600pm.
We don't have a car anymore, which definitely cuts down on expenses. Probably going to buy one in the new year.
That's my main saving grace, not paying a penny for a car. Definitely worth 7 or 8 grand, plus so much less hassle.