Horsham beer festival (moved from "How outsiders see us

blondie95 · Post by **blondie95** » Tue Oct 03, 2006 7:56 pm

well i dont think about mine as a loan as i will begin to pay it off when i start earning enough and then its proportionate to what i earn. So when you start when you begin to earn Â£15k its about Â£25 a month

Prob is every month im earning Â£25 interest on it!!!

UserRequestedRemoval · Tue Oct 03, 2006 10:45 pm

So the only way out is to get a really well paid job then?

sejintenej · Post by **sejintenej** » Tue Oct 03, 2006 10:56 pm

blondie95 wrote:well i dont think about mine as a loan as i will begin to pay it off when i start earning enough and then its proportionate to what i earn. So when you start when you begin to earn Â£15k its about Â£25 a month

Prob is every month im earning Â£25 interest on it!!!

Sensible girl; no doubt you've been reading the Fool (Motley Fool UK web site that is).
Yes, pure advertiment for a service to increase the pence in your pocket - and they don't pay me.

Hannoir · Post by **Hannoir** » Tue Oct 03, 2006 11:21 pm

soc wrote:So the only way out is to get a really well paid job then?

it means you pay it off quicker, but it also means that you pay off a higher proportion, still meaning that you dont have much surplus income.

Mid A 15 · Post by **Mid A 15** » Tue Oct 03, 2006 11:26 pm

I believe you pay back 9% of your gross income above Â£15,000 per annum. So if for example you were to earn Â£16,000 a year then Â£90 for the year or Â£7.50 per month would be repaid via the PAYE system if you are employed or your self assessment tax return if self employed.

UserRequestedRemoval · Thu Oct 05, 2006 12:56 pm

Thhat doesn't sound too bad but I bet it plays merry hell with trying to save any money for the future

Mid A 15 · Post by **Mid A 15** » Thu Oct 05, 2006 1:13 pm

soc wrote:Thhat doesn't sound too bad but I bet it plays merry hell with trying to save any money for the future

Maybe this comment should be on the generational differences thread but it seems to me that people these days now HAVE to incur debt for necessities like an education not just extravagant luxuries.

blondie95 · Post by **blondie95** » Thu Oct 05, 2006 1:21 pm

hopefully when i start paying it off it is based on salary so hsouldnt be huge amounts and can continue to save!

UserRequestedRemoval · Thu Oct 05, 2006 2:01 pm

You are so right there Andy, that is what worries me for my daughters' sakes, are they going to be crippled by debt before they have started their working lives?

Ruthie-Baby(old a/c) · Thu Oct 05, 2006 4:00 pm

somw wildly right wing party will come into government before then and we'll all lose everything anyway so don't worry

that's my plan

Great Plum · Post by **Great Plum** » Thu Oct 05, 2006 4:09 pm

All the parties seem to be centre now but that's another thread...

Ruthie-Baby(old a/c) · Thu Oct 05, 2006 4:10 pm

not UKIP

Mid A 15 · Post by **Mid A 15** » Thu Oct 05, 2006 5:20 pm

Ruthie-Baby wrote:not UKIP

What's not UKIP?

blondie95 · Post by **blondie95** » Thu Oct 05, 2006 7:49 pm

im well and truely confused now

UserRequestedRemoval · Fri Oct 06, 2006 12:05 am

I honestly believe that UKIP is rather like a fashion item. Extremely desirable for a while but the shelf life is very short