5K debt

Sunday 14th January 2007 05:06:47 PM

Ok it might not be the cleverest thing to tell the whole world how much debt you have but I'm hoping it'll work out as a motivational factor. As everyone who's in debt will tell you "I don't know how it all happened!" except that I do know how it all happened (fat chance of me telling you on here though). The plan is to get rid of it all by next year and maybe even be in credit.

I'm not comfortable at the fact that at 20 and being a student I have 5k owing, damn ... apparently that is nothing because they say uni students leave with, on average, 13k of debt. Surely this can't be life?

Posted by Piniyini

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8 comments Ctrl + Enter to comment

Sun 14th Jan 07 08:05:55 PM 1 Sobi: Hun, I owe 25K just in student loans!
Sun 14th Jan 07 11:09:22 PM 2 Icedmocha: aww mann...thatz just f***ing depressin. i just cleared my overdraft 2 weeks ago nd that felt awsum..dont remind me abt the tuition fee loans..grr..
Mon 15th Jan 07 06:20:38 AM 3 Mruk: £5k isn't too bad. When I was 20, I owed more than double that (though I was working full-time).

Still, better than being an international student. A friend of mine spent over £100k on education (A-Levels, Bachelors, and Masters)!
Mon 15th Jan 07 01:33:14 PM 4 Ash: Hi
i've started a spending diary
(i know i know -i'm a total geek!)
but it's quite good to motivate you to stop spending (for about a week or 2 at least)

good luck
Mon 15th Jan 07 06:49:12 PM 5 Tdh: No worries, at least blog-o-therapy works. You do know you have to work to solve things :)
Thu 18th Jan 07 07:45:22 PM 6 Beeamma: 13k?! PAH! try 25 k of a medical student...... and maybe even 35k if you take out a professional loan as well! not that i have that loan thankfully.....only about 4k of loan. lol.
Thu 18th Jan 07 11:12:17 PM 7 Tazo: ha! i will leave with 30 k debt...count yourself lucky
Sat 31st Mar 07 07:24:13 PM 8 Tes: I know its been ages since you've posted this but hey; heres some free financial advice:

If its credit card debt; the interest is probably killing you; so do the whole balance transfer to a card that gives you 0% interest for x months; that way at least your debt isn't giving you more debt!

I'd give you more advice but you've either fallen asleep or thinking who the hell are you again!

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