Debtfree life: A dream...help please!!! SOA provided

Bargain_Rzl

debtblue wrote:

This is the problem, i dont have any saving, and when some unexpected cost appears, I have no option but to use my credit card, which keeps me in debt always.

You can help yourself here by just changing the way you view your outgoings.

Car maintenance, Christmas, haircuts, dental/optical expenses, holidays (if you have them) - and so forth - may only happen occasionally but they are NOT UNEXPECTED. They are things which you know will have to be paid for, so the key is to allow a budget amount per month that will save itself up for the time when the expense is actually due.

Christmas is a prime example - it happened on 25th December last year, and you can be pretty sure it will happen on 25th December again this year so an amount of £20 a month saved for next Christmas starting from January would give you £240 to spend on Christmas next year and it wouldn't come as a financial surprise.

HTH