Steps forward - always followed by steps back

Paige

I have been following advice on here for over 1 year now, not posting often but always reading. I have been very grateful for all the tips on here.
At our LBM our credit card debts were and £22 k:eek: . After a lot of hard work I reduced them to £7,500. I was really proud of myself. This has taken about 1 year.

But this month they are back up to £14 k. A few things happened that I had not money for. A broken shower valve that ended up in a new shower, cubicle and tiles, 2 new tyres and an exhaust on my car. But we are self employed and we are owed £5, 500 by one client. Because of this amount owed I had to use my card to pay bills with.

I know that when this money comes through I will pay it off my card bringing it back down to £8500. This is making me feel very upset.

I feel very worried and wont go out near the shops because that is my downfall. I shop when I am worried/ upset.

I really need to get motivated again but dont know how.

OliveOyl_2

Aw hugs Paige :grouphug:

I don't know the answer (I never do ) but being here will help, and someone like Hypno or I_A will come along and say the perfect words.
And you'll feel stirred enough to get back up and into the fray - I can almost guarantee it

Incisor

Paige wrote: »

I have been following advice on here for over 1 year now, not posting often but always reading. I have been very grateful for all the tips on here.
At our LBM our credit card debts were and £22 k:eek: . After a lot of hard work I reduced them to £7,500. I was really proud of myself. This has taken about 1 year.

But this month they are back up to £14 k. A few things happened that I had not money for. A broken shower valve that ended up in a new shower, cubicle and tiles, 2 new tyres and an exhaust on my car. But we are self employed and we are owed £5, 500 by one client. Because of this amount owed I had to use my card to pay bills with.

I know that when this money comes through I will pay it off my card bringing it back down to £8500. This is making me feel very upset.

Don't be so hard on yourself. If you drew a graph, the overall trend is down, and you have already knocked it down by 14k. You have managed to contain someone else's debt of £5500 well within your original borrowings. Get your due payment in and you will not take long to come into balance and start accumulating savings.