Are you in danger of becoming a debt free bore?

Zabl

I too keep referring friends to here and giving them the link to snowball calculator and saying about budgets etc..... think i might be becoming a bit of bore.
Got myself Ms Money at weekend and am currently trying to fiddly with it.... Its pretty good and lets you set targets for each month, then shows you on a pie chart which is quite scary....better stop now can hear y'all yawning!! :rotfl:

morg_monster

I'm a geek and proud... my bf laughs at my little yellow notebook I write down everything I spend in, and my colleagues giggle when I'm copying the yellow book contents into my excel spreadsheet so I know exactly how much of my pay I have left! But I'm the one laughing at the end of the month. My colleague gets about 8 different store card statements every month, and every weekend its 'look what I bought this weekend', and every lunchtime, 'ooh i think i need a new watch/belt/wallpaper on my phone' and she's buying online. She has a £10,000 career development loan and is struggling to pay it off before interest kicks in, but seems to have no interest in spending less to pay it off quicker.

As for bf - well I have faith in him. when we move in together in july I will make him a MSE. He's just got less willpower than me when it comes to socialising and will spend £150 of a weekend with nothing to show for it. But he has no real interest in spending money on anything else and makes a fair packet on online poker sites so his debt is reducing. To be fair, he also has less left of his pre-job debt than me! He is certainly jealous of the bargains I get indirectly from this site - the £20 voucher from dvd.co.uk and the £10 boots voucher from pigsback points for doing precisely nothing.

jazwild

OK this might be a stupid question from a complete newbie... what's Ms Money?

EdInvestor

If I'm ever standing behind someone who is paying by credit card, I want to scream 'STOP! Have your thought about what you're doing?'.

I believe around 50% of credit card users pay their bill in full every month and thus get an interest-free loan rather than a debt.This may actually be a money-saving approach (of the "every little helps" variety), as your own money will stay in your account for longer, thus possibly earning extra interest. Not quite stoozing, but certainly not loss making.

kuohu

It depends on whether they wanted the pound because they just didn't have any change, or whether they were at the end of the month and genuinely didn't have two pennies to rub together. If it was the latter then the lecture was probably justified.

With a bit of luck they might take your advice on board. But even if they don't, it's probably the last time they'll ask you for a quid!

Zabl

jazwild wrote:

OK this might be a stupid question from a complete newbie... what's Ms Money?

Yeh it is Microsoft Money package - although i would prefer it to be someone who comes round and gives me money