Won't power - What will you not do in 2010?
Asiacat
Posts: 163 Forumite
I think it's fair to say that anyone who finds themselves with excessive credit card debt has made a fair few errors of judgement and rergetful purchases in the past.
So in 2010 it's as much about "won't power" as willpower in order to get a tight grip on our finances and hopefully not make the same mistakes again.
For me:
1. I won't make any impulse purchases. If I see something I want I will write it down on my "impulse purchase delay list" and wait at least a week before making a purchase. I have done this this year and found that I only purchased about 25% of items that I put on my list. One exception to this rule is of course items that won't be availible to purchase in a weeks time such as second hand items, special offers or clearance sales.
2. I won't own a constantly depreciating cash draining lump of rubber metal and plastic otherwise known as a car. I will use my motorcycle for personal transportation and hire a car on the few accoasions I absolutely need one.
3. I won't buy new when I can buy second hand.
4. I won't buy when I can borrow (goods not money).
5. I won't use or apply for a credit card or take out a loan.
6. I will plan out my spending for each day the night before and unless there are exceptional or unforseen circumstances won't purchase anything that is not on my list.
7. I won't buy a new computer. For the last fifteen years I have bought a new computer every three years and on this cycle am due a new one this year too. However my current computer does everything I ask of it and don't need another one for bragging rights only (My hard disk is bigger than yours!)
What won't you do?
So in 2010 it's as much about "won't power" as willpower in order to get a tight grip on our finances and hopefully not make the same mistakes again.
For me:
1. I won't make any impulse purchases. If I see something I want I will write it down on my "impulse purchase delay list" and wait at least a week before making a purchase. I have done this this year and found that I only purchased about 25% of items that I put on my list. One exception to this rule is of course items that won't be availible to purchase in a weeks time such as second hand items, special offers or clearance sales.
2. I won't own a constantly depreciating cash draining lump of rubber metal and plastic otherwise known as a car. I will use my motorcycle for personal transportation and hire a car on the few accoasions I absolutely need one.
3. I won't buy new when I can buy second hand.
4. I won't buy when I can borrow (goods not money).
5. I won't use or apply for a credit card or take out a loan.
6. I will plan out my spending for each day the night before and unless there are exceptional or unforseen circumstances won't purchase anything that is not on my list.
7. I won't buy a new computer. For the last fifteen years I have bought a new computer every three years and on this cycle am due a new one this year too. However my current computer does everything I ask of it and don't need another one for bragging rights only (My hard disk is bigger than yours!)
What won't you do?
0
Comments
-
erm....
I won't
1. Use a credit card or take out another loan
2. I will make a budget for every single month and keep a spending diary
3 I won't buy on impulse
4. I won't spend money for the sae of spending money
5. I won't just accept the renewals for insurance etc, I will shop around
6. I won't waste water and electric
7. I won't be so overly generous for people's birthday and christmas!!
Great post Asiacat, Thanks!
T xLong Haul Supporter #203:beer:0 -
I wont'
- Make any purchases on ccard unless it's an absolute emergency
- make minimum payments all will be over even if it is a few pounds
- Just because it is a good deal doesn;t mean I have to have it
- I wont shop without a list and meal plan
I will
- continue to internet shop then empty my basket before checkout!
- Try and pay at least £100 over my debt per month
- Take any overtime offered
- Ebay unwanted goods in 2010
- Use car boots for needed items which kids may grow out of quickly
- Stick to a weekly budget cos if I do this I can afford to give up work in sept and take some time off with my kids - this is really what spurs me on and if we hadnt wasted money in the past I wouldnt have to work - but LBM lesson learned
OP - great post thanks - Hope everyone has a lovely DFW Christmas!!!!:T
:jNov 2012 - Loan £1200, CC1 £1450
CC2 £1300, CC3 £100
Next £200
I will get rid!!!!
0 -
ok
I won't: shop without a meal plan
Go out with my cash card (only carry cash)
Buy on impulse
Agree to days out with friends if I can't afford it
I will: clear all my debt (god knows how but I will)
Leave my cash card at home
make my cakes not buy them
Stick to a budget
shop around for insurance(using cash back sites)Proud to be dealing with my debt:eek:
TOTAL: £6,437 (04/01/2013) slowly but surely it is decreasing:D0 -
I won't:
shop without a list and mealplan
spend money just because something is a bargain
I will:
Ebay unwanted items
Overpay debts and mortgage if only by a few ££
Earn more in 2010
Cut grocery and energy bills drasticallyMF aim 10th December 2020 :j:eek:MFW 2012 no86 OP 0/20000 -
I won't
Buy on credit
Turn down overtime
Bury my head in sand
Let my family down
I will
Get married
Go on honeymoon
Clear loads of debt
eBay/carbootsDebt at LBM £19700 :eek:
Arrears £4800
:j married 14/08/2010 :j
Date wife can move to live with me 28/02/2011 (date she can leave work for good) :beer:0 -
woo I'll be getting married and going on honeymoon too!! high five!!
xLong Haul Supporter #203:beer:0 -
I won't buy anything I can't pay for with cash - cards are off limitsSometimes it's hard to walk in a single woman's shoes - that's why we need really special ones!Total debt @ Oct 2008: £29,226.42 Credit Card- £[STRIKE]7493.56[/STRIKE] - £7243.56Weightloss : 0/34lbs0
-
I won't:
-Book expensive holidays on my credit card (or at all!)
-Eat out
-Waste money on takeaways when I can't be bothered cooking
-Put off trying to sell on Ebay any longer
-Put back my debt free date again
-Buy every magazine under the sun
xxx0 -
hmmmmm....
I won't
1..... buy on impulse.
2......shop without a list
3......waste money on stuff I know I'll never use
4......carry too much cash with me (then I can't be tempted)
5......waste energy around the home
6......leave the tv on when I'm reading/studying (one or the other, please)
I'm sure I'll think of others
nice posting...makes you really think about thingsDebts (incl Mortgage) at LBM (24/09/08) £102849 :eek: Now £0. DFD 1st July 20190 -
As I am a 'glass if half-full kind of person' I am turning my post into a positive. So here are the things I will do (as opposed to won't do)
I will- post on the 'what small dfw thing have you done today?' thread daily
- keep checking online banking and making sure I know what is going in and more importantly - what is leaving!
- continue to work more than 1 job
- make more than minimum payments on cc debt
- try to mealplan for those days where I don't get to eat at work for free!
Ever wonder about those people who spend £2 apiece on those little bottles of Evian water? Try spelling Evian backward.0
This discussion has been closed.
Categories
- All Categories
- 342.2K Banking & Borrowing
- 249.8K Reduce Debt & Boost Income
- 449.3K Spending & Discounts
- 234.4K Work, Benefits & Business
- 606.7K Mortgages, Homes & Bills
- 172.7K Life & Family
- 247.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.8K Discuss & Feedback
- 15.1K Coronavirus Support Boards