Getting Better At Managing My Finances

I
am completely hooked on watching Can’t Pay? We’ll Take It Away I think it was
my motivation to get my finances in order; I don’t fancy the heavies knocking
on my door at silly o’clock in the morning! 

We used to have an eye
wateringly high credit card and it felt like we would never ever pay it back,
we made some lifestyle changes and slowly and surely we chipped it away to
nothing. It’s not been easy, we have
had to think twice before buying anything. 

It
can feel boring ploughing any spare cash into debt repayment and tightening
your belts ALL the time. But you have
to think of the end game. It’s lovely
seeing the amount owed coming down, it gets a little addictive if I am
honest.

We
have cut back on takeaways and lunchtime meal deals! Packed lunches and eating at home taking priority. If I am eating out with friends I always
look for the most affordable meal that I still like, a jacket potato can be
half the price of a burger, so I still get the pleasure of meeting up with
friends but without it being quite so expensive. Plus my friends are very good if I am having a lean week they make lunch at there’s, its nice having supportive people around me.

We
have also cut back on spending on the kids, they have so much already, they
really don’t need the latest toy or computer game and don’t even get me started
about football cards or stickers!!! 
They are now starting to save and spend their own money if they really
want something, which gives them a better grasp of their personal finances. If family give them money for their
birthdays, it works quite well because I don’t get badgered the same about
buying them stuff! Although you do have
to be careful as its scary how much they spend on junk food. Once they are old enough to go to the shop
on their own expect bumper packs of sweets and giant bottles of cherryade to be
purchases of choice.

But do remember everyone’s
circumstances are different, what works for one family might not be suitable
for another. If you’re in real dire
straights and the car breaks down or your washing machine blows up you might
have to look at other options like a SwiftMoney Payday
Loans with no Credit Check
 and that’s fine if you do your research and make sure you have a payment plan in place that you can realistically manage.

Fortunately my credit
rating is quite good, but it’s so easy for your circumstances to change
adversely so I am sympathetic for other individuals that aren’t so lucky and don’t have the same options when they need money. If you become unwell and your income stops
how long would any of us last. We don’t
have a buffer yet; savings are something I can’t foresee building up until the
debt is gone in its entirety so I do feel vulnerable. Without our steady stream of income the bills would start
mounting up quite quickly that is why we are facing each debt head on so we are
in a stronger position for any uncertainty in the future.

Given
that the average amount
owed per adult is £6,372
(not including mortgages) it’s
probably time we all started learning good money management skills! I want to be a role model for my children
and show them how to sensibly manage finances.

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