I think I finally get it.....!

megisabel

I have been here a couple of times before about problem debt but after a month of concentrating on it I always have let things slip in the past and gone back to my old ways.

I finally think now that something has pinged inside me and I have realised that I dont actually need all the stuff that I constantly buy and that money is soooo much better off paid off debt. We would be almost £600 a month better off without debt repayments.

I have shuffled bank accounts round so that I can do the piggybank technique and once the new stuff comes through I will have.....

1 bank account for all income coming in and another bank account with same bank (a&L) will pay a certain amount into second account that will be untouched for DD's etc to come out.

Then what is left in original account has to cover food, petrol, nights out, cigarettes etc - once thats gone its gone, no more borrowing (cards cut up) and Im actually quite looking forward to the challenge of making sure that we can make that amount lasts us. Im even hoping to get really strict with myself and have some money in there at the end of the month to pay extra off debt.

All unexpected money and extras will now go straight off debt instead of me seeing it as extra opportunity to spend!

I now have 2 credit card and 1 loan (totalling 20k) whereas a few months ago had 6 credit cards with all different aprs and bank charges galore.

I REAAAAAAAAALY hope I can do this.

I have made further cut backs that I have resisted before (I used to send my son to nursery one day a week to give me some peace and him some time with friends even tho I work at home as a childminder so that is a saving of £112 a month and sky is coming out)

Thanks to everyone at this forum as reading the posts on here really put me in the correct mind set to do this!

Cross your fingers for me

kathfisch

That's great, well done for having that realisation and doing something to sort out your debt. It sounds like you've got things sorted well but if you ever need any advice or support, people are always available to chat! Stay strong and keep us updated! x

moonbeam682

Hi megisabel

thats brilliant, you should be really proud of yourself

if you ever feel like going back to your "old ways" just post on here first & we'll get you back on track!

good luck

xx

rchddap1

Congrats on having the 'wake up moment'. It is a major turning point. Problem is once you start on MSE it is very hard to stop. My poor family get sick of hearing me go on about my lastest fantastic discovery.

megisabel

Oh Im still very much in need of support I think, Im determined to keep my eye on things daily until it becomes second nature and taht includes using MSE as a lifeline!

bank_of_slate

Hi Megisabel!

Great to have you off the sinking ocean liner named Debt and aboard the good ship MSE!

If ever you feel weak and need to spend, just log onto here instead. There are hundreds of us all helping and supporting each other.
Once you have that 'lightbulb' moment, it all falls into place, it may take a while to sort but you're well on your way.
...Linda xx

billdfm_2

Well done i can help you earn some extra cash but i cant put the info here , there is no cost to join (its deducted from your first payout ) you dont have to spend anything if you dont want to and i already make over £4000 a month (bank statement to show if you want to see it ) i know the rules on advertising here thats why i wont put the link here , you can e-mail me for details and martin if your reading this , there is personal gain for me so i know the rules on donating , i cant find the right board to put this on if anyone has a link to the board to recommend this program i would be grateful

Paul

megisabel

Just a little update.

Since last posting Im still in "the zone" and have spent almost nothing on unecessary stuff!

I have cured myself of bank statement phobia by checking online every day!

Little by little!

us,thecat&thedebt

your not the only one who slips..
a year ago i said i was gonna sort my debts out but every month for some reason or another it didnt happen
using this site has really helped so good luck you can do it :j

magentadreamer

megisabel wrote:

Just a little update.

Since last posting Im still in "the zone" and have spent almost nothing on unecessary stuff!

I have cured myself of bank statement phobia by checking online every day!

Little by little!

Well done you for having your "lightbulb" moment and for getting over your bank phobia! I was the same with looking at my bank account now I check it every day and seem to be setting up yet another payment into savings accounts from the bits I've saved off getting cheaper insurance/utlities etc. I feel like I'm the one in charge now. Keep up the good work!

ceegee

It is far more satisfying to pay off some debt, than to buy a "thing". Just imagine how satisfying it will be when you get to the stage where you can actually start to save a nice little nest-egg for yourself.
All the best

ceegee