I Have Spent All My Adult Life In Debt...

Grade_A_Reject

I'll add my name to the list too. 41 years old and never had a positive bank balance since I was 18 (Apart from the 20 or so seconds after my wages went in).

The problem is I never gave it any thought, I was just used to living in the red and paying interest out every month.

Thankfully I've learnt that there is a better way and am working to clear every trace of debt and build some savings although I'm still kicking myself that I've wasted half my working life achieving nothing.

piglet6

D&DD, I am grateful for your post, as I think it is a very valuable warning...:T

OH and I were incredibly sensible as students (to the point of pre-paying our "food" money onto our credit card at the beginning of term in order to not run out of money halfway through term...:o). In our final year, we had such a good credit rating that MBNA sent us gold credit cards with £25,000 limits on them (in spite of us asking them not to send us anything - they sent them anyway!!:mad:). At this point we were actually engaged and looking for a home - the week we got the cards we looked in the local paper and we counted in excess of 40 homes that we could have purchased outright on our credit card - can you think of anything more stupid than buying a home on credit in that way?!?!:eek: :eek: :eek:

Was it any wonder that things went wrong...?!?!:rolleyes: (Although I ask this question "tongue in cheek" as I know that only we can face up to the responsibility of abusing this position...!;)).

Piglet

cathybird

I can't remember how long I've been in debt... seems to have been the same old cycle for as long as I can recall.

No more!!!!

Good to hear we've all said farewell to that particular swamp ....

ozzyfan_2

D&DD I have the Dinner Lady book too & have thought of doing the same :rotfl: (have you tried the choc chip cookies they're yummy)

I'm so glad that everything is going well for you at the moment & well done on paying off the extra & almost getting through the summer hols (been a bit of a struggle here too!)

To get back to the subject It's taken me 23 years to build up my debt but it's the first year ever that it hasn't increased more so that's something to be happy about!

newleaf

Montymoo wrote:

Been in debt from the age of 18, god thats scary

Me too. But not for much longer.....:D

tesuhoha

Youre doing ever so well. Looking at your sig, youve paid of a fair old whack. No wonder youre feeling better. Keep up the good work. Im not going to tell you how long ive been in debt for, but needless to say, I cannot remember a time when we were not in debt. It gets cleared and then off we go again. However, not this time.

moozie_2

Hello D&DD :wave:

So glad to see you on here - seems like ages! Pleased things are going well and you are still on the way to become debt free! Hope to read a lot more about the journey so we can have a good old moan together or, better still, a good celebration :beer:

Take care sweetie x

Verbatim

Glad things are coming along nicely DD&D. Thanks for updating your thread.