I really want to save money to travel more but I never seem to have any money left at the end of the month to actually put in a savings account. I have two sisters and although they earn less than me, they seem to be so much better off financially. I feel like I need to sort out my spending but I honestly don’t know where my money disappears to. I take home £1,800 a month and once I’ve paid rent, bills, council tax, transport costs and have paid for food and spent time with my friends and stuff, it’s all gone. Sometimes I run out of money and end up in my overdraft. Please teach me to be good with money. I honestly don’t have a clue where it goes and I swear I don’t live the high life with loads of expensive things. I don’t even buy expensive stuff. I buy everything from Primark, Jenni!”
Hi Jenni. My Grandma passed away last year and I inherited £60,000 from the sale of her house. Other family members inherited money too, but I don’t know how much exactly.
I’ve already spent almost £20,000 on a new car, a holiday, clothes, nights out, takeaways and gaming stuff. I don’t have any plans for the rest of the money. I just want to enjoy it and use it to pay for car expenses, uni costs, nights out and stuff.
My parents are insisting I buy a house with the money. They’ve said that if I don’t stop spending it on other things, they’ll kick me out. I don’t know if I want to be a home owner though and I’d rather just rent as soon as I finish uni. I don’t want to tie myself to a mortgage for the next 30 years just to keep them happy, but I also don’t want to fall out with them. What should I do? Continue Reading
Welcome to ‘Ask Jenni’, a new money agony aunt series where I help resolve your big financial dilemmas. Let’s have a chat with Nina, who’s growing tired of her boyfriend’s attitude to money, especially when they’re meant to be buying a house together.
My boyfriend and I have been together for five years. We’ve lived together for three years and for the last two years we’ve been talking about buying a house together. I’ve managed to save more than £10,000 during this time but he’s only saved £2,000. I earn £25,000 a year and he earns £28,000 a year, so he could easily do better than he has done.
Welcome to ‘Ask Jenni’, a new blog series where I try to help you resolve your big money dilemmas. This week, let’s have a chat with Claire who made a nightmare discovery when having a spring cleaning session…
My girlfriend (28) and I have been together for 2 years and we recently started renting a small flat together in London. Over the weekend I decided to have a huge sort out while my girlfriend was at work. While tiding the wardrobe, I found a handful of bills that showed she’s in over £30,000 worth of debt from credit cards, store cards and payday loans. When she came home, I confronted her about the debts. It didn’t go well. She’s mad at me for looking through her stuff and refuses to talk about the debt. She says there’s nothing she can do about it right now because she’s living pay cheque to pay cheque as it is. Since we first got together, she’s always found enough money to go on nights out and treat herself to new clothes though.
I’ve always been sensible with my money and aside from my student loan, I don’t have any debts at all. I don’t want her finances to ruin mine, but I also don’t feel right breaking up with her over money. Every other aspect of our relationship is perfect so I feel like I should help her. But I’m annoyed that she kept this from me for so long and I don’t know how to fix the problem. From looking at the statements, it seems like most of the debt was accumulated before she and I met.