My Lightbulb moment - the Money Secret

tesuhoha

All this talk about lightbulb moments. I didnt think I'd actually had one, but last night i was astonished to realise that I experienced that moment without really noticing it. Last year although I was controlling the money, never mind not telling my hubby I had no idea how much in debt we were. After doing up the house on credit cards i was going along gaily paying off the minimum payments each month and couldnt understand why things seemed to be getting a lot worse rather than better (although more thru luck than judgement i did have a 0% Egg card). I was wandering round Smiths one day last May looking for a birthday card when I spotted this little book called the Money Secret. Didnt really want to buy it as I couldnt afford it but after reading the first few pages bought it anyway. Its fiction/fact, about this girl who is about to commit suicide because of all the debt she is in and she finds a kind of fairy godmother. Although its not as refined as the Money Diet (which I also have now) it did contain a lot of good basic advice. I went home, added up all the debt and found it to be £26000. I cut up all my credit cards, started using a debit card instead, cancelled my gym membership, changed my bank account from a fee paying account, started paying off the highest rate CC. Now the debt is at £17000 mainly due to the fact that we got some money from selling off a flat we had (we lost a lot of money on that by the way). I have all my accounts at 0% now and although its difficult intend to keep them that way till the debt is paid off. That moment when i picked up that book was my lightbulb moment. Thought I'd share it with you. By the way I think you all know what the Money Secret is.

Wizwoo

Well done tesuhoha - you've done really well to pull that much back so quickly. Keep going :T :T :T

LookingAhead

Cool story tesuhoha. I will keep an eye out for that book (or maybe join the library!!!).

Thanks. I hope you will stick around to keep posting useful advice, tips & support for us all...and obviously share tales of how the rest of the debt repayment is going.

Good luck!

tesuhoha

Yes I am addicted to this board cos its whats uppermost on my mind all of the time

Peppa_Pig_5

thanks tesuhoha, sounds like a good book and I will keep an eye out for it. Well done on your money saving and keep up the good work.

Peppa
x

tesuhoha

Sorry folks cant tell you the name of the author cos the little book (like the fairy godmother person in the story) has done its work and disappeared.

desperatelyseekingmoney_2

I have just gone on the Amazon website and I think the author is Rob Parsons. It looks like a good book. They are selling it for £4.89 including P & P. Has anyone found it anywhere cheaper?

craigp_2

well done tesuhoha :T great to see you have got a big amount off your debt already

tesuhoha

Yes that looks like it. Have been looking for the book in the house but cannot find it. The thing i like about this book is that it embodies the true spirit of the empowered money saver. i could probably put that better but dont know how.

Bagpuss741

There is a book called The Money Secret by Rob Parsons on ebay 99p +£1.25 p+p with 1 day to go. There is also one 99p +£1.50 p+p with 7 days to go.

Steph

BACKFRMTHEEDGE

Good luck. Keep up the good work. :j