Couple with huge debt splurge £300 on takeaways and £400 on clothes each month
How to Save a Grand in 24 Hours: Jade on her ‘shopping addiction’
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Matt and Jade Whitehouse, who have two young children, admitted they have the large debt on credit cards and are paying off £450 a month. However, they still find the financies to spend £300 a month on takeaways and Jade concedes she has a “shopping addiction”.
The couple, whose earnings were hit hard when they were both furloughed due to the Covid-19 pandemic, appeared on How to Save a Grand in 24 Hours on Channel 4 on Monday night.
Birmingham Live reports the pair were given frank advice on food and ways to cut outgoings on DIY projects.
But speaking on the documentary, Jade said: “It’s super awkward to talk about money. I hate it, it makes me cringe.
“I just want to hide away when I think about money. It’s our one flaw in the relationship. It’s our one chink in our armour.”
The mum, from Solihull, West Midlands, added: “I do love a takeaway. I cook for the kids and then, by the time you put them to bed, it’s already getting late and then it’s easier to wait for something to come to me.
“I have, 100%, a shopping addiction. I definitely have too many clothes. The wardrobe is pretty full at the moment, to the point I’d say of overflowing.
“I don’t have a clue really on how much, and what I have got.”
She is seen in the programme with a garment she admits she has never worn.
But in total the couple saved £1,300 by using the team’s advice – with savings of £1,000 each month carrying forward into the future.
Experts Eve Humphreys and Gary Usher helped with their spending.
Matt, a football coach with Coventry City’s youth team, said: “Personally, for my wellbeing and anxiety wise it’s really helped.”
Jade said: “I’m enthusiastic for the future and we’re both on the same page now.”
Personal finance study compulsory in UK schools
Debt relief was rolled out across the UK today in the form of the new Debt Respite Scheme, also known as the Breathing Space Scheme.
It will give someone in problem debt the right to legal protections from their creditors.
The scheme covers both financial and mental difficulties and creditors will be prevented from taking action for up to 60 days.
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