I am so failing
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| Wed, 01-11-2006 - 12:38pm |
I had such a nice plan for getting out of dehbt this year, and now it's all falling apart.
There are so many things to pay because of my moving in 6 weeks, and my parents are helping me with some stuff but I have to pay them back as well and I don't want them to have their money gone for too lang. I spent the last 2 days making calculations and I don't see any other solution than taking another credit :-( I found a bank where they would make a very interesting rate, really less than what I'm paying for my credit cards, so I'd loan enough to pay off those 2 cards and the coming bills. That's 3000$. Then there would be the additional 1800$ for my parents. That's 4800$ :-( I can't pay back more than 200$ a month so it would take 2 years to pay it all back, and in the meantime that wouldn't leave me much money for other things than bills and food. I know it's probably more than a lot of people have anyway. But I find it unbearable to work so hard only to pay bills and have no money left for fun. No holidays, no shopping, staying home and counting every cent all the time, how do you do that?
I've had stomach cramps all day because of that. But I guess I'll just have to live with it.





Realistically, two years isn't that bad. I think most of us here wish we could be out of debt in two years. Tracking your spending and watching every penny is a good exersize to make sure you not only get out of debt, but it will help you build good habits to stay out of debt.
That said, maybe you have beudgeted yourself too tightly. Budgeting is a lot like dieting. If you don't allow yourself something "indulgent", then you are more likely to fail. My DH and I both have our allownace (or fun money) that we really don't track.
Also, I would suggest starting a freeom account for expected and unexpected expenses. That way you do not have to rely on credit cards for things like holidays and car repairs.
I used to think that I had to pay everything off as quickly as I could. Then I realized that everytime I made headway, I had to use my card for something (like tires) because I didn't have enough cash for it. I also got the "I deserves" really bad when I didn't allow myself some me money.
Anyway, this is just my opinion. I am sure others will have different views. That's because you have to find what works for you. If you are making yourself sick, then maybe you need to try something else. Even if it means being in debt a little longer.
Good luck!
Sandra