Go on, do your worst ... I know I deserve it!

Jenna

I think I need a good kick up the bum!!

I've had a perfectly good last few months since August ... done lots of overtime at work, paid off lots (CC in particular is done from nearly £2,500 to £1,720 ish and TV loan is gone altogether - yey!) and tried very hard to ignore OH's seemingly eternal need to spend, spend, spend.

I had no idea what to get him for Xmas (and he had the same problem with me) so in the end we agreed, lets be practical and get each other something for the house and just do little presents to each other (limit of £50 - which we both overspent, me by £25 ish!!). And the "thing for the house" ended up being a £1,199 sofa!! :eek:

Admittedly it is gorgeous, we got it on discount down from £1,499, it's price-matched against the January sale price, is leather (so easy to clean), is much needed (the sofas we have now were 2nd hand, free, stained & v. uncomfortable but we "made do" with them when we first moved in together in Jan '07) and will no doubt last ages. We can both sit on the same couch and stretch out, rather than either being squashed together on the same one or anti-social on two separate sofas. Oh - and 0% for 2 years, with no early re-payment penalties.

On the down side (please kick me, I have been!!) it is in my name only, although we are paying £600 each obv. And it is still MORE DEBT when I should be reducing my total debt, not increasing it!! I've now worked very hard for 4 (nearly 5) months, and (although I haven't done the sums etc properly yet) I'm pretty sure I'm in slightly more debt now than I was to start with! Grrrrr :mad:

Why am I so stupid sometimes?! Can I have someone to shout at me and talk some sense into me please??
Sorry ... feel like I've let everyone on here down, I take your time up asking questions and things and then go and do something like this...

lunar

consider yourself kicked, put it behind you and keep working to pay off the debt. If you are tempted to do it again, look back at your diary and remind yourself how you feel now. It really does sound like something you would need soon enough so its not like you have spent it on something useless.

angelflower_2

all i can say is I think we have all done it to some extent....pick yourself up and move on....oh and look at ways to reduce debt even quicker.

Join a challenge like the make £10 a day or olympic. Long term goals in addition to the big reduce debt picture will help you focus, help you have fun and make some friends in similar situations

poppy10_2

Jenna wrote: »

And the "thing for the house" ended up being a £1,199 sofa!! :eek:

Sigh...this really is ridiculous. I have no debts, £50k savings, and even I wouldn't spend that much on a sofa. How did you manage to justify that to yourself in your position? Is there any way you can return it and get a refund?

I bought an very nice leather sofa for £115 (that's less than 10% of what you paid) almost new, immaculate condition, from the local Oxfam charity shop. You have to be sensible, don't live like a footballer's wife when you are earning like a pauper.

(Hope that kick was hard enough )

chunky79

I must also KICK you up your rear! lol

No to be perfectly honest and quite frank, i would not spend that on a sofa if i was in debt. Thing is i have a very large 3 seater and a large 2 seater, 4 recliners in that combination too. Cost £600 argos sale!!! Not to rub it in but to say maybe next time have a look around. You don't have to spend a bomb to get comfort.

smartalec

Does your sister like it?

barron_hard_up

poppy10 wrote: »

Sigh...this really is ridiculous. I have no debts, £50k savings, and even I wouldn't spend that much on a sofa. How did you manage to justify that to yourself in your position? Is there any way you can return it and get a refund?

I bought an very nice leather sofa for £115 (that's less than 10% of what you paid) almost new, immaculate condition, from the local Oxfam charity shop. You have to be sensible, don't live like a footballer's wife when you are earning like a pauper.

(Hope that kick was hard enough )

No wonder you have £50k savings:money: . Some years back We were doing really well and shovelling money away hand over fist, it was a great feeling, I remember when we hit £10,000 in our savings account. Then a rainy day came.....

Lotus-eater

I think you do need a good kick. You've put up with 2nd hand sofas since Jan 07 !
We've put up with them since we moved in together, about 10 years ago. We could now afford one, but I think sofas are the most hyped thing atm. My house doesn't need to look like a changing rooms type program thankyou.
If you can't afford it, or you have debts, then yours shouldn't either. Poppys footballers wives comment is funny, I think she's on the right lines.

painted_lady

I got 2 brand new sofas, very comfortable (more comfy than my bed and thats saying something) for £300 in the NEXT clearance shop back in September. We paid £150 cash each. It is the first time I have had a new sofa in my life, I left home 13 years ago, put up with grotty landlords ones for 5 years, then we had a cheapo 2nd hand one when we moved in here in 2000. It was our treat to ourselves, the sofa's totalled £1500 before the sale, the shop was closing down, there was nothing wrong with it, but no way I would have paid the full price.
However, dont be hard on yourself, you done it now,enjoy the new sofa.

January20

Nobody's perfect! Learn from it and move on and do better in the future


Somebody tell me though, am I right in thinking there is no such thing as 0% credit for two years as it's already built into the price quoted initially which is why there is no penalty for paying off early? OP, sorry to deviate from your topic slightly but I think it's important to know that kind of thing to be a savvy shopper (and I'm Mrs Paranoid so...)

In_Search_Of_Me

ok pepys I think thats enough kicking eh! Great for pepys that they have dollops of savings but as you may recognise from the general boards here the reason that we're here is that we are all a bit naff with money. Jenna ack this and wants to start again so lets help her!
It IS alot of money & TBH it sounds like you & OH are as bad as each other! The way to get this to work it to possibly get a bit of competitive spirit in the debt busting so that you are competing against each other to be the best DFW! Set yourself little realistic goals and start doing things like spending diary etc to see where the little bits go. Also surveys etc can be a great way to get dosh for nowt & things like pigsback can help pay for the luxuries you miss as a DFW (just sold my boots points vouchers to mum!!)...
Re the sofa has it been delivered & if notcan you cancel it? You dont have to spend that much for a comfortable sofa and it sounds as if this may have been an impulse buy? You also need to start saving the money to pay it back if you keep it to avoid any costs!! HUgs for ya & remember - new year, new start!