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Worried about money
Former Member
Posts: 1,876,323 The Mix Honorary Guru
I suppose everyone is really, it's just I wonder how I'm going to be able to afford the things I want / need - and I've got uni coming up and am worried because I've put no money aside for that that I will be skint!
I get a small income, around £90 per week, and spend the equivelent of £22.50 on bills per week, which gives me a fairly large disposable income. But how can I afford my bike test, the stuff I need for uni, etc. etc.
Most of my friends have their parents help them out financially but in my household its the other way round. Mum's always at her overdraft limit and I often end up having to pay for weekly groceries. She owed me £440 but we came to an agreement with some other stuff and that's at £90 now.
Just worried I'm not going to have enough money for the next year or so, normally I'm ok for money but it's just a tight spot at the moment. Was wondering if I could open a student bank accont and use the interest free overdraft as a short term solution?
Rich
I get a small income, around £90 per week, and spend the equivelent of £22.50 on bills per week, which gives me a fairly large disposable income. But how can I afford my bike test, the stuff I need for uni, etc. etc.
Most of my friends have their parents help them out financially but in my household its the other way round. Mum's always at her overdraft limit and I often end up having to pay for weekly groceries. She owed me £440 but we came to an agreement with some other stuff and that's at £90 now.
Just worried I'm not going to have enough money for the next year or so, normally I'm ok for money but it's just a tight spot at the moment. Was wondering if I could open a student bank accont and use the interest free overdraft as a short term solution?
Rich
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Comments
What do you need for uni? It doesn't need to be that expensive. You can pick up stuff from charity shops like crockery, use places like freecycle.org
Can't you delay your bike test? I drive a scooter and would like to take my bike test but am not going to for a while as I can't afford it and it's not a priority.
And you'll also get a loan yeah, though you should probably be applying very soon...
Go talk to the NUS people at your Uni and explain your situation exactly like you did here. They should hopefully be able to offer help.
So, if we disregard my bike licence for the time being... (my brother has given me an early bday present of a bike service on the new bike, because it doesnt run perfect i.e. the battery gets flat every 2 miles)
O2 bill has been paid. Why was it £10 less than I'm supposed to be paying? I don't know. Perhaps, it's because they count each month from the start of the month, and I started partway through, then they just made me pay for the 20 days or so I've had it... I'm hoping that's the case anyway. REAALLLLY don't want to have to pay another big bill in a few days.
Insurance has come through. £61.55 on the 28May
In my bank: £29.13
I last got paid: 28/04/2006 - plus 4 weeks... I'm hoping that's before the 28th of May.
Then I should have *just* enough money in my bank account.
And can start worrying about everything else after that.
Lordy lord.
I owe out £350 a month on loans, finance etc. I've already had one default notice, and am in arrears with about 5 different companies.
All cos i lost my job :yes:
If I knew I could do without the money for a bit, then I wouldn't refuse.
try having £500 on a credit card, £70 on a store card, £2000 of overdraft and then already £8k of student debt.
have to say it doesn't bother me. aiming to pay my credit card (i got it to pay off storecards) off over the summer.
We can beat that but i won't shame how much.
you have a mortgage i should think thus a house to show for it!
:no: :crying: We don't earn enough for that, not in Bristol anyway.
Will be at uni soon
:eek2:
i.e. not having mum and sister about
I end up paying for the groceries sometimes
you'll have other stuff like rent and fees to pay though.
and you'll be in more debt.
manageable debt
You're too young to be worrying about money, you should be enjoying your youth not worrying about buying the groceries. I know your family has been through a rough time but you Mum needs to start acting like a Mum.
now im buying a house, all my debt will be vanishing into the house, so its all worked out fine.
live while you are young, dont worry about it. fair enough i had lots of debts, but i'd also travelled the world, got a car, and generally had a rocking time off that debt, so i look back on it fondly.
I used to earn quite a lot of spare cash through extra curricular activities and after I stopped them I still lived a rather lavish lifestyle and managed to rack up around 25K in debt by the time I was 20. (10K of this was a car but still) - It has been the biggest bane of my life, for example when I got my missus pregnant and then needed to get a house that debt was a real problem.
I am now nearly out of that debt, in about 2 months I should only owe about 1K on a credit card and a few K to family which is being paid back monthly.
Need some help though. Is it likely that they'd give me interest on top of the overtime they owed me? Look at this:
Last night I got paid £317.82
I work for £5.21 an hour, and work 48 hours normally. However, 317.82 divided by 5.21 = 61 hours. So even if they credited me with the first overtime - 4 hours, plus 4 hours last month, thats only 56 hours.
Aha. Got 4 hours at a higher rate didn't I?? So, 52 hours @ 5.21, 4 hours @ x2 rate, seems to work out. I think.
Anyway, who wants to go shopping? :razz: Just kidding!
I wholeheartedly agree with this I know soo many people who have run up debts at a stupidly early age and are going to be paying them back for the rest of thier lives. Your gambling now on being able to earn loads in the future but you can never tell what your future will hold - your far better off saving up to do stuff and not living a lifestyle that you can't afford.
Exactly, I am very fortunate that I get well paid so I have managed to work my ass off and clear most of it ! But it is so socially acceptable to be in 5K of debt as a minimum ! That is bad bad bad