feeling a bit low...

accountingbod

hey all

just wanted to post somewhere because am feeling quite low at the moment.
I have been working as hard as i can to pay down my debt but just dont seem to be getting anywhere fast.
I know it takes time to do things and some people have far more to worry about than me but i just want it to be gone and out of my life forever.
I have my final ACCA exams next week which is a bit of a stress because:
1) they are tough!
2) if i pass i stand to get a good payrise which will help with the debt

But my mind isnt focused because of my money worries and i dont want it to ruin my exams next week.

Anyway, thanks for reading and letting me get this out....

I read on here a lot so i am normally very encouraged to get on with things... just a bit of a grey day....:(

WestonDave

Worrying in itself isn't productive - the solution to your money worries is to "ostrich" them for the next fortnight and focus solely on your exams. You can do nothing better to solve your debt issues than this - its not often on here you will be advised to ignore your debts and stick your head in the sand, but as a one week only offer, its available to you - provided you stick your head in your books and study instead. (NB thinking about your debts could also be displacement activity purely because you are bored of study)

The exams are tough but if you can focus I'm sure they are passable at which point a whole lifetime opens up, and your debt amount will start to diminish. You will also do better in your career because you will have learned some serious lessons about managing finances.

Good luck.

accountingbod

thanks westondave

you're right - not often you hear that kind of advice but i know you are right on this one. Back to the books....

Thanks for the reply.

DevCoder

Good luck on your ACCA by the way, I know how tough they are!

Which modules are you sitting for the next exam?

DevCoder

Just be wary the ACCA body have guidelines on members facing financial difficulties, I include the link below, it really only has an effect if you go bankrupt and don't inform them within the month, IVA's etc seem to be ok.

http://www2.accaglobal.com/documents/financial_difficulties.pdf

accountingbod

thanks kris

I'm doing P6 tax and P5 performance management.
I dont work in a tax office so finding tax quite tough although i wanted to know it as its a good base of knowledge.
Thanks for the info on the ACCA guidelines also. No iva's ccj's missed payments etc... it's just cc debt that i want to get cleared!

When did you sit them? What were your last exams?

cheers

DevCoder

accountingbod wrote: »

thanks kris

I'm doing P6 tax and P5 performance management.
I dont work in a tax office so finding tax quite tough although i wanted to know it as its a good base of knowledge.
Thanks for the info on the ACCA guidelines also. No iva's ccj's missed payments etc... it's just cc debt that i want to get cleared!

When did you sit them? What were your last exams?

cheers

I glanced at ACCA when I was doing my CAT and couldn't put the dedication and time into it (Im more an IT / Business Analyst working with Finance than an accountant). But Ive seen the work involved and admire anyone taking that on!

Wouldn't mind doing CIMA very soon though, as the past 5-6 years have been more management accounting based (that and I hate the law part of ACCA!)

DevCoder

P6 tax is a nightmare with the constantly changing regs, it seems if you miss the pass point then you need to refresh the whole subject again

accountingbod

yeah well funnily enough i am a management accountant now so maybe CIMA would have been a better route but that being said, the law aspects of ACCA are not that tough because they are quite low level and only one paper focuses on it but yeah CIMA may be better for you.
If you fancy doing it and want to be an accountant then i would say go for it. I have been studying whilst working full time and it has taken me 3 years to be (almost) qualified. It will be worth it when it is done because your work options really open up.
Also, my wife will be happy because she hasnt really seen me much over the past few years!