I’ve been in debt for as long as I can remember, I’d say from 1998? Yes I was silly when I was younger, as soon as I was 18 I was ordering from my mums catalog, and then when she wouldn’t let me order I would take one out in my name which was dangerous. As I would order items try them on at home like them but then never actually wear them so they would just sit in my wardrobe or cupboard. And by the time I’d thought nah I won’t wear that it was to late to return it so I was stuck with the item.
The problem I have is that money burns a whole in my pocket and when I want something I want it like straight away or within a week or so. My dad use to always say if you haven’t got the money now then you can’t have it or go out, which I now get but didn’t when I was younger and enjoying the party scene. I’ll put my hands up and say I have never been good with money, I am a bit better now than I was but still not great and I want to get better, I’ve never had any savings and I can’t save for toffee but again I want this to change I want to start saving. I do have a Savings account with my bank and I have named it ‘What Savings?’ its something that I should start thinking about as I’m not getting any younger, 40 in just over 2 years!!!
But its like people say you can’t take it with you when your gone??
With all my debts, not including a joint loan with a knob of an ex partner I owe just over £7,000 some of you may not think that this is not a lot of debt but to me it is and I do really want rid of it. I have tried to bury my head in the sand a good few times when it comes to owning up to myself and paying them off, there will be times where I would contact all of my debtors and make an arrangement to make a monthly payment to them and I have all intention of paying each month until the debt is cleared. I make so many payments then I stop paying and ignore the letters and calls which come with the non payments, yes it’s silly thing to do, as it all goes on my credit file and goes against me.
In Sept 2016 I kept seeing an advert for Clearscore, where you can get your credit report and score for free, so I signed up and thought to myself I need to get my finances and life in some sort of better order than it currently is. I’m glad I started to get my finances in order as I couldn’t carry on how I was, I wished I had this thought a few years earlier or not not stopped paying after a few months but its just the way it is!
I am currently making payments every month which is taking my debts down slowly, I have a spreadsheet which has what I owe and the monthly amount that is paid, every month I take the current months payment off what I owe so on a month by month basis I see what I owe and also see the total figure coming down slowly. Once a debt is paid off I would half that payment I made paid and I would then allocate it to another two debts, I would add them to the next two lowest debts so I can get these paid of quicker. We got a Bonus in this months wage as we hit our target of sales, so I knew what I wanted to do with it, half is going towards a little break away, I have paid off 4 small debts after asking for offer prices if I made a one off payments and the rest I will treat myself to a little something which I’m not quite sure.
So in the last year I have paid off 7 debts, which I am pretty chuffed with, but I still have a way to go but they are being paid of slowly!! I’m also signed up to a few survey sites to earn some extra cash to help towards paying off my debt and also to help save for my travels!
Do you have any other tips on helping to pay off debts? Or ways to make extra Pennies? I’m welcome to any hints and tips from my readers…
Hope you have enjoyed this post, its very open and honest post from me!
Hope you are all having a great weekend 😁
Lots of Love