I guess everyone in this position asks themselves this. How did I get here? How did I end up in this mess yet again after being bailed out or struggling my way out of it numerous times?
You spend too much, you idiot. It’s really not a mystery.
I was doing ok, overspending by a little every month but nothing major or exciting. Then my dog got sick. He’s not insured, as an ex racing greyhound who is also rather old, the premiums were extortionate. A hundred pounds here and there didn’t seem too bad until my savings had run out and I had a huge credit card bill. Then my other greyhound had to have a dental, and more money disappeared into the vet’s pocket.
Debt petrifies me; I come from a family who have always had savings, never overspent, were always careful with money and here I am, in a hole of debt.
Don’t get me wrong, it could be a whole lot worse. But yesterday I went into Tesco for a loaf of bread and came out £15 lighter, including a magazine I grabbed and didn’t realise until later cost £7.99. I could buy a book for that.
I think that’s the crux of the matter…mindless spending. My fiancé said later that he thinks that’s my problem and for a Lancashire man to open his mouth and make a comment like that, you have to sit up and listen.
The idea of this blog is to hopefully keep me on track to clear my debts as quickly as possible and to explore different ways of doing things, to find something that makes sense, and works.
Here goes, to the frugal life!