Viewing a single comment thread. View all comments

AtmosphereKlutzy1904 OP t1_j6mjtjt wrote

Reply to comment by theoriginalharbinger in I am in a world full of debt and I really need help getting out of it by AtmosphereKlutzy1904

Ok at the moment I have no money. waiting on my first pay check in a month 1/2 I started the job 1 week a go I am in West Yorkshire The yearly salary is £25000 My rent is £1100 a month My repayments for car £189 monthly Power & gas £135 monthly Internet, mobile and TV £109 monthly Council tax £132 monthly The mechanic bill £2900 Tv tax £13 monthly School stuff for the kids £200 month That’s about it But like I said I have had 4 weeks of no income at all And I have had to drop my income by 10000 so I can get a job close by

2

SpaceballsTheCritic t1_j6mvmkp wrote

You need to seek help from local welfare agencies. If you have a specific need (2k to get your car fixed to work) local benevolences can help there too.

2

Bigboyyy66 t1_j6nh6so wrote

Even getting food from your local food bank can help cut down on some of the cost.

The obvious answer is to make more money, but if you’re going to try and live on £25k/yr with two kids, you’ll need to tighten up your spend. Can you get rid of TV services since your kids have internet? Can you get a cheaper plan for your mobile? All these cost reductions do add up significantly and may get you out of the red.

1

Liquidretro t1_j6nbhah wrote

/r/ukpersonalfinance can probably better help you.

Double return after each item in your list will give it a new line and make it much easier to read.

You list $1880 worth of monthly expenses without food, fuel for the car, insurance, clothes or any personal or household items, and your income comes to $2083 a month (Assuming that's gross so take-home is likely less). That's before taking into account the mechanic or anything else.

You need to reduce expenses everywhere you can, and increase income however possible. Not sure how child support works in the UK but you need that income. As for the car you need to determine what all the warranty covers and doesn't cover. There should be a contract associated with this. You should also look into any social services to help support you, food stamps, welfare etc.

2