I heard on the news that the average UK household has around £13,000 of debts, not including their mortgages. The idea of being that much in debt frankly terrifies me. I occasionally put the odd small thing on a credit card, transfer it to a 0% interest card straight away, then pay it off as soon as possible. I’m talking three or four hundred here though, not thousands!
I suppose this didn’t really surprise me that much though. I do wonder, if you are on an average kind of salary with average expenses, how do you pay that amount off? I guess you start being frugal and reining it in at some point or you go under. I would worry how I would cope if interest rates went up, or if I became ill and my income dropped. I will never get into that much debt!
We had a few hours in the garden yesterday as it was so mild. It really needed it. We have been really neglectful due to lack of time. We found a whole load of leeks that we had forgotten about so pulled the lot up. They were quite small as they hadn’t been thinned out enough but are usable. I feel a big pan of leek and potato soup coming on! It was nice to get out and dig. We did that instead of going for a walk but I’m sure it burned off a few calories.
We have finally found a lodger. She is moving in next weekend and only wants Monday to Friday, which suits us fine. That will boost the bank account a bit. Hopefully I can focus on saving money rather than getting into debt!