Another little "woohoo" moment

FireWyrm

Brightspark87 wrote: »

I have been thinking about YNAB, but I am very time poor (one of the reasons I ran up debt- wasted SO much money).... whats the best way to deal with it?

Well, it depends. Some people like to put debt OnBudget as it were. Personally, I simply designated a day as 'clean slate day' and from that moment on, all debt was in the past. I still pay towards it, but I treat it as a bill. All my accounts have positive balances and have done from that day so I know exactly where I stand each month. My cards are offbudget debts and simply receive a payment once a month to represent payments made. The positive balance is what I actually budget with as far as YNAB is concerned.

Finally, I closed all cards and lending streams as far as possible and forgot or never learned the PIN numbers so they cannot be used. If I want something, it is categorised and budgeted for now.

GettingOrganised

Congratulations on clearing your Barclaycard Firewyrm. They are currently next on my hit list, but it is the highest amount too, so I'm a while off yet.

asparagus1968

Good one, pleased for you:)

jodles16

Amazingly well done! Great news!

Jodles

tealady

Well done FireWyrm I always enjoy reading your no nonsense kick up the backside posts as it is the sort of telling off I needed when I was in debt (and occasionally now when I fritter money).

Karen777

FireWyrm wrote: »

The truth is, until YNAB, I didnt think that I had any money at all to throw at the debts and would simply pay minimum amounts on credit cards and cross my fingers that nothing bounced at the beginning of the month.

I used to do the same and now I have ynab I feel so different - I don't have any more money coming in but I don't have that moment about a week after being paid of looking at my bank balance and trying to work out where all my money is and panicking all the time and just feeling so out of control! It really is great.

Also FireWyrm, you do talk sense - thank you