Credit or debt?
About Cassie
Name: Cassie
Age: 28
Occupation: Nurse
Income: £1,850 a month
Husband’s income: £2,100 a month
Dependents: 2 children
- Cassie and her husband pay all of their bills by direct debit.
- They try not to spend money on luxuries.
- They have £130,000 left to pay on their mortgage over 25 years.
Look at Cassie's family outgoings.
Do you think she is in control of her money?
OutgoingsCost
Mortgage£1030 per month
Childcare£150 per week
Groceries£200 per week
Utility bills (gas, electricity, water, council tax)£450 per month
Car (loan repayment and petrol)£180 per month
Savings£250 per month
Pension£120 each per month
Holidays£100 per month
Going out£75 per week