Making changes 2021
in Debt free diaries
14 replies 1.5K views
Latest MSE News and Guides
Did you know there's an MSE app?
It's free & available on iOS & AndroidMSE App
Regifting: good idea or not?
Add your two cents to the discussionMSE Forum
Energy Price Guarantee calculator
How much you'll likely pay from AprilMSE Tools
I've taken on some debt this month; this sounds a bit strange because I was completely debt free and saving. However, I need some quite extensive and expensive dental work. I won't get the dentist's usual 0% loan because of my credit history so I've borrowed the money from different places that I can get right now - a loan, some on credit cards with balance and money transfer offers, I've included an overdraft facility on my bank account which I hope I won't have to use. I know this is all financially not sensible, but I'm terrified of the dentist so I know that psychologically I can't put any more obstacles in my way.
This has also affected the way I'm thinking about work. I need to keep this job probably until I retire if I can. Realistically, I'm not sure that I would be able to get a reasonable job at my age even if I felt confident enough, which I don't at the moment. Once the dental stuff is out of the way, I'll have another look at my situation.
This all means that I've re-organised the way I'm dealing with my finances. I pay for my parents shoppping and they pay me back, and I've been trying to keep that separate so I can keep track of my savings. Until this dental debt stuff is out of the way, I'm just going to put all spending, mine and theirs, on one card. I'll need to make sure there is enough money there for their shopping, but anything else I can spend. All my wages will go into my main account and will pay monthly bills and the rest will be saved so that I don't have to use my overdraft, or paid off loan/credit cards.
On the bright side, work is allowing us to take a lot of holiday/toil time in one block this year, so I'll have all of August off work. I can't wait.
I've come back to my diary to try to focus on some things, getting some things done and tightening up the finances until the end of the year.
Be back later with some ideas.
we’re all rooting for you.
Things are still a bit of a struggle, but I'm actually feeling more optimistic, so I'm going to start a new diary for the new year.