26-Year-Old Marketing Supervisor On 32.5k

This week: “I’m a 26-calendar year-aged promoting supervisor living and operating in Buckinghamshire. I have lived with my extended-time period spouse and our cat for nearly 5 years, immediately after transferring out of my relatives dwelling just a handful of months soon after I graduated. Irrespective of leaving uni possessing cleared my £2,000 pupil overdraft absolutely, I shortly fell back into credit card debt as I struggled to balance the charges of housing, transport and enjoyment against my commencing wage of £20,000. Because then I have accrued a full of £4,500 debt. I’m now on a journey to wipe this balance in the subsequent 12 months to get #debtfreein2023 so that I can commence preserving for a house loan deposit. Outside of do the job I like to bake, often make art (electronic and acrylic portray) and recurrent fancy London places to eat for sushi and cocktails with close friends (though I’m attempting to slash back noticeably on that previous pastime).”
 
Profession: Marketing supervisor
Marketplace: Recruitment
Age: 26
Place: Buckinghamshire, England
Salary: £32,500 foundation with a 10% once-a-year bonus 
Paycheque total: £2,100 
Range of housemates: One particular: my partner, G
Pronouns: She/her
 
Month to month Charges
 
Housing costs: My share is £725, this incorporates lease and all expenditures. Our full month-to-month hire is £1,175 for a tiny, two-bed terraced household.
Loan payments: £120 (£80 immediate debit to one credit rating card which has a £1,350 equilibrium and £40 direct debit to one more credit rating card with a £3,250 stability). My whole credit rating card stability is ~£4,500, which has been pretty steady for the very last 3 or four years. This financial debt largely amassed when we moved out and when I obtained my very first car. I decided to pay for the motor vehicle and the insurance policy on a % fascination credit history card and I guess I’ve hardly ever seriously dented that stability, just held incorporating to it. I am spending an further £350 in credit history card repayments regular monthly in an energy to distinct all £4,500 this year, with the assistance of my reward payments and regular pension contribution saving.
Financial savings? Joint account cost savings £350, crypto ‘investments’ £30, my LISA £1, my partner’s LISA £8,000.
Pension? I have a balance of £12,000 involving various pots. I got a new position in October 2021 and have lately opted out of my pension with this employer in purchase to pay out my credit card personal debt off a lot more quickly.
Utilities: All involved in the £725 I lead to the joint account just about every thirty day period (our combined utility expenses are council tax £180, drinking water £24, contents insurance coverage £6.30, Television set licence £13.37, electrical power £75, broadband £29.27).
All other regular payments: Mobile phone £45. Pet insurance £15.24. Subscriptions: Amazon Prime £7.99, Audible £3.99, Hayu £4.99, Scent Addict (fragrance membership) £12, Apple cloud storage £2.99, Wix £9.50.