willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
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gardening and picking out slippers eh tony?
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Jakey
Premium Member
Registered: 4th Jun 07
Location: Sandbach
User status: Offline
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quote:
Originally posted by Pablo
quote:
Originally posted by Jakey
£0
Never borrowed money or had a loan. Everything i've got i've bought with my own money, if i haven't got the money i won't buy it.
Surely this will back fire when you come to buy a house, I use 1 credit card daily and pay it off every month keep it paid up and never late that way I have some good credit history. Where as if you want a house they wont know what your history is like as u have never had any........
I meant at the present time and past. I'll obviously do something in the future to get some good credit history. I just meant at the moment and past i've never bought something with money i haven't got at the time like with a loan or credit card.
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MJFF88
Member
Registered: 30th Apr 08
User status: Offline
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Obviously a blonde moment
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stubbsy05
Member
Registered: 23rd Oct 02
User status: Offline
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7K. Just saved up £2k and not sure whether to reduce my debt to £5k or buy a car for £2k.
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C2RL R
Member
Registered: 28th Mar 02
Location: Redcliffe, QLD
User status: Offline
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i've never been able to distinguish what is debt and what isn't. ie, my mortgage and finance on my car is debt but not like bad debt if that makes sense?
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will_doyle
Banned
Registered: 25th Nov 08
Location: Exeter
User status: Offline
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I owe my mum £50
lol
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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quote:
Originally posted by C2RL R
i've never been able to distinguish what is debt and what isn't. ie, my mortgage and finance on my car is debt but not like bad debt if that makes sense?
I would class the finance on the car as debt regardless of whether it's bad or not.
However probably not so much the mortgage.
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Mad Moe
Member
Registered: 14th Jun 01
Location: Northumberland
User status: Offline
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quote:
Originally posted by Half Pint
quote:
Originally posted by Mad Moe
Out of interest what do you do for a living that allows you to save £1600/month?
am a procurement manager for a retail bank..... and also learnt how to manage money and spend wisely. gone are the days of drowning champers in clubs and partying from thursday to sunday....
that said my quality of life has probably changed for the better i just enjoy doing different things now.
Fair play mate, must admit i'm growing out of the partying for 4 days on the trot. You know it's time to call it a day when you start waking up in the morning feeling guilty for how much you've spent. Just concentrating on getting my Golf Handicap down this year, with a few at the 19th Hole afterwards with the lads.
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Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
User status: Offline
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quote:
Originally posted by MJFF88
I dont know if loan is counted as debt?
Seriously 
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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quote:
Originally posted by loafofbrett
quote:
Originally posted by MJFF88
I dont know if loan is counted as debt?
Seriously
He pulled a Doyley TBH.
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Lawrah
Premium Member
Registered: 25th Dec 04
User status: Offline
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none.
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Pablo
Member
Registered: 3rd Feb 03
Location: Milton Keynes
User status: Offline
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quote:
Originally posted by C2RL R
i've never been able to distinguish what is debt and what isn't. ie, my mortgage and finance on my car is debt but not like bad debt if that makes sense?
Yes, I understand what your saying
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Wrighty
Member
Registered: 28th Feb 04
Location: Howden
User status: Offline
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i owe nothing.
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C2RL R
Member
Registered: 28th Mar 02
Location: Redcliffe, QLD
User status: Offline
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quote:
Originally posted by James
quote:
Originally posted by C2RL R
i've never been able to distinguish what is debt and what isn't. ie, my mortgage and finance on my car is debt but not like bad debt if that makes sense?
I would class the finance on the car as debt regardless of whether it's bad or not.
However probably not so much the mortgage.
i'm about 5K in debt in that case.
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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taking into account Mortgage I'm jointly liabel for £110,000 so for arguments sake I owe £55,000 + about £10,000 student loan so about £65,000.
I don't have any other debt, credit cards, loans, bank of mum and dad or otherwise so apart from the big two- I don't have any
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Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
User status: Offline
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Surely debt is 'money owed', end of?
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joes_1.4_16v_sport
Member
Registered: 15th Mar 07
Location: Preston, LANCS
User status: Offline
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Final loan payments will be up in Sept. After a £3k loan over 3 years.
Bought me my car+ ICE plus 1 years insurance 3 yrs back...
£109 a month to be saved after Sept 2009 (after my last payment)
Over draft, currently at 900, could go beserk + go up to 2900 though as thats availible at any time... 
No money to parents / Grandparents. 
[Edited on 17-03-2009 by joes_1.4_16v_sport]
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Danny P
Member
Registered: 20th Nov 02
Location: Cleckheaton, West Yorkshire
User status: Offline
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quote:
Originally posted by willay
ZERO!
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Pablo
Member
Registered: 3rd Feb 03
Location: Milton Keynes
User status: Offline
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Yes but in this case we are not counting mortgages, as I said in my FIRST post - "exlcuding mortgage"
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Hammer
Member
Registered: 11th Feb 04
User status: Offline
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quote:
Originally posted by loafofbrett
Surely debt is 'money owed', end of?
Yup.
I owe my mate £185 for my T ticket and I owe the student loans people 2k or something. Car's paid off 
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BigSte
Member
Registered: 27th Aug 02
Location: Sheffield
User status: Offline
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dont owe anythin, used to have a nice little stash of savings too but having spent £25k doing my house up im a bit potless at the minute.
oh actually I do have a debt, got my sette on 0% finance. Paying £50 a month for about another 15 months
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Jambo
Member
Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
User status: Offline
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3k on cards
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Conway563
Member
Registered: 7th Jun 06
Location: Yate, Bristol
User status: Offline
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Just over 3k on my CC
53 payments left on my car of just under £200
So just under £14k total.
Currently owed £80 by an old boss and just over £500 by my brother
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WATSON
Member
Registered: 16th Jun 05
Location: Fife, Scotland
User status: Offline
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Around 2k 
Hopefully have half that paid off by next month
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BigSte
Member
Registered: 27th Aug 02
Location: Sheffield
User status: Offline
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just thinkin back to my comment that I owe £50 a month for another year or so on the sofa, same could be said on a lot of things that I pay in installments....
house insurance
car insurance
council tax
water rates
dont class these as debt although they are all payable and owed to the relevant people
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