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Debts
Former Member
Posts: 1,876,323 The Mix Honorary Guru
Does anyone find that debts they have end up grinding them down and starting to take over your life. This seems to be happening to me at the moment. Now i know they are not enourmous debts compared to what many people deal with, but they are still plenty enough to p**s me off. I have roughly 2 grand on a credit card ann a 500 quid overdraft. The interest is really starting to kick in on the credit card and all i want to do is get rid of the damned thing. Trouble is, no matter how much i wanna pay it off, something else always seems to get in the way of me paying off a great amount. First off, there's the cost of living - board money, food etc etc. Then there's keeping my car on the road, which i have to, unless i wanna take a walk down the M1 to get to work. Then something else always seem to crop up, like someone's birthday or mates wanna go out and do something etc etc, and at the end of the week i always seem to end up with about ten pounds in my pocket.
Thing is, now i'm getting a bit older aswell, i'm starting to become conscious of the fact that i've never saved a penny in my life and some day soon i'm gonna need money to set up with my own place and live my own life etc etc, but again, never seem to have any money left to save.
Anyone ever been in a similar situation? Any advice? Anyone actually paid debts off and come out the other side, cus that would give me some hope! Thanks all...
Thing is, now i'm getting a bit older aswell, i'm starting to become conscious of the fact that i've never saved a penny in my life and some day soon i'm gonna need money to set up with my own place and live my own life etc etc, but again, never seem to have any money left to save.
Anyone ever been in a similar situation? Any advice? Anyone actually paid debts off and come out the other side, cus that would give me some hope! Thanks all...
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Comments
I've never saved either, I don't know how old you are but I doubt you are alone in that.
It's not that hard to cut down your spending just with small things, eg take packed lunch, drive on nights out, or take a set amount out with you and don't spend any more than that.
Lol! Yeah i still owe 5 grand from my student days, but i don't really care about that. I don't earn enough yet for them to start taking it back and when i do it will just be sod all a month....!
That's good to hear! Yeah, i think i'm gonna sit down and work out a set amount to put to each thing, ie 25 pound a week towards the credit card, 25 pound a week to save etc. Thanks for the good news anyway....!
Just tell them NO then. This si what a friend of mine told me when she worked out that she won't be able to go to London twice (once with me, once with someone else) when I asked about it this morning.
You'll also have to budget a bit more. I'm having to restrict myself to £100 pocket money just to try and clear my credit debts.