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What are your...
Pressleyno1
Posts: 174 Forumite
Top tips for not getting into debt ? I'll start...
1. Don't buy things you don't need !
1. Don't buy things you don't need !
Feb 06 *****Highest Debt*****
Credit card - £800 in the red // Overdraft - £750 in the red // Loan - £2000 in the red
*****Current Debt*****
Credit card - GONE ! // Overdraft - GONE ! // Loan - GONE ! // Savings (Oct 12) - £6.5K+ :money:
Credit card - £800 in the red // Overdraft - £750 in the red // Loan - £2000 in the red
*****Current Debt*****
Credit card - GONE ! // Overdraft - GONE ! // Loan - GONE ! // Savings (Oct 12) - £6.5K+ :money:
0
Comments
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if you find yourself about to impulse buy, go away and see if you still need it tomorrow!- prior planning prevents poor performance!
May Grocery challenge £150 136/1500 -
Set up a DD to pay the full balance on your CC before you start spending on it.0
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Be patient and save up.LBM: August 2006 £12,568.49 - DFD 22nd March 2012
"The road to DF is long and bumpy" GreenSaints0 -
SELL things: if you havn't used them in the last year.....you probably never will......!!!I am NOT a Woman! - its Overland Landy (as in A Landrover that travels Overland):rolleyes:
Better to be approximately right than precisely wrong.0 -
Don't be suckered into 10% off if you take out a store card deal. It's fairly certain you won't cancel it after paying off what you originally bought and it'll just grow and grow.Total 'Failed Business' Debt £29,043
Que sera, sera.
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Do a realistic budget. think about all those yearly expenses too so you dont get caught out!!November NSD's - 70
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never live beyond your means ever
Dont buy a car that isnt really needed when you can get one for a fraction of the cost that will do the same job.
Never get a loan to try and get yourself out of debt it never works unless the loan is exactly the same as a current loan but with a lower interst rate
Always pay off the highest interest repayments first
Buy supermarket brand food rather than branded foods
always walk where possible over driving
have 2 bank accounts one for bills and one for personal money and never EVER touch the one for bills apart from paying in obviously
always have a budget...
sorry guys I could go on forever im going to stop here0 -
- Have two bank accounts, one for all your bills and direct debits which is budgeted at the beginning of the month and a second for spending so you always know how much you have.
- Sign up for online banking and check it every day.
- Don't have credit cards unless they are being used to pay off debt at 0% or are being used for work expenses.
"One day I realised that when you are lying in your grave, it's no good saying, "I was too shy, too frightened."
Because by then you've blown your chances. That's it."0 -
mrcow wrote:
- Don't have credit cards unless they are being used to pay off debt at 0% or are being used for work expenses.
Or pay cashback & are paid in full every month.0
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