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Would you spend your birthday money on your debt?

24

Comments

  • keeperbear
    keeperbear Posts: 293 Forumite
    Part of the Furniture Combo Breaker Mortgage-free Glee!
    moneysavingmumofone wrote: »
    my bank account is overdrawn (because of their stupid charges) so ill probably end up putting it in my bank :cry: Have you made a conscious decision to put any 'gift' money towards paying off your debt?

    It is not entirely your bank's fault that you are overdrawn.

    Most people have debt because they historically spend more than they earn on lifestyle-related "gifts" to themselves.

    The best birthday "gift" is to work towards being debt free. This will enhance your happiness in the long term.
  • bank_of_slate
    bank_of_slate Posts: 12,922 Forumite
    10,000 Posts Combo Breaker
    When I had a lot of debt I used to use my birthday/Christmas money to fill my car with petrol!
    Sounds really sad but it felt like a treat!
    I didn't use it to pay off charges because it would just get swallowed up in further charges and made no difference.
    ...Linda xx
    It's easy to give in to that negative voice that chants "cant do it" BUT we lift each other up.
    We dont count all the runners ahead of us & feel intimidated.
    Instead we look back proudly at our journey, our personal struggle & determination & remember that there are those that never even attempt to reach the starting line.
  • Sassamac
    Sassamac Posts: 522 Forumite
    why dont you pay off the OD with it now, then pay yourself back when you can afford it and go buy yourself a gift then.
  • floss2
    floss2 Posts: 8,030 Forumite
    Yes, and I used most of my inheritance from my mum to pay off my debts too.
  • bank_of_slate
    bank_of_slate Posts: 12,922 Forumite
    10,000 Posts Combo Breaker
    As long as it helped Floss!
    ...Linda xx
    It's easy to give in to that negative voice that chants "cant do it" BUT we lift each other up.
    We dont count all the runners ahead of us & feel intimidated.
    Instead we look back proudly at our journey, our personal struggle & determination & remember that there are those that never even attempt to reach the starting line.
  • Bambywamby
    Bambywamby Posts: 1,608 Forumite
    Part of the Furniture Photogenic Combo Breaker
    Will you be able to use your camera to photograph items for Ebay and make even more money?
    Then it would definately be an investment.:)
    Either way, don't beat yourself up....put it towards bills or a birthday gift for yourself...whichever you feel you will get the most from.

    Bam x
  • postingalwaysposting
    postingalwaysposting Posts: 13,987 Forumite
    yes I have before. Op I would do so but when your charges are gone and you have £10+ 'spare' then treat yourself, a movie/dvd/choc/flowers/new top....
  • immoral_angeluk
    immoral_angeluk Posts: 24,506 Forumite
    10,000 Posts Combo Breaker
    Quite simply yes.
    Total 'Failed Business' Debt £29,043
    Que sera, sera. <3
  • floss2
    floss2 Posts: 8,030 Forumite
    bank_of_slate wrote: »
    As long as it helped Floss!
    ...Linda xx

    Yep, that & my bank charges refund cleared most of it. It did what she wanted it to, helped improve me & my DS's lives :)
  • ltm07
    ltm07 Posts: 966 Forumite
    If you can manage treat yourself,but if you are going to get extra charges then it would be better to put it in the bank & treat yourself another time when you have a bit more cash in the bank. We had to use OH's birthday money to make sure we had enough money in bank to pay DD's. It's a horrible feeling,but we made sure she treated herself a few weeks later when we had a little more cash in the bank.
    Debt at LBM(July 1st 07)-£35,053.92 Debt on 1st Anniversary of LBM(July 1st 08)-£33,170.11 (31st January 09)-£32,318.73Paid off so far £2,735.19(7.8%) Average paid off p.m. £143.95 L/H supporter 115 DFD target February 2018 DFD March 2028. PAD(Started 28/12/08) £253.77 £10 a day Feb £110/£280 WEDDING Paid off £1,585.96 Saved Up £925.40
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