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Money probs any advice?

PostPosted: Wed May 07, 2003 2:29 pm
by Cat Queen
:cry: Ever since I was 17 iv'e been in debt be it the bank putting £1K into my account by accedent and me spending it (young = stupid) or Master cards and store cards eventually my mother decided to help me get a lone from a bank. Now I have to pay so much a month over 5 years im about a year and a half in and have just met the love of my life im 22 now and we are off to Paris in August to get engaged and I need cash for a ring not to mention spending cash. After august we plan to get ready to move out costing more Money Im just getting that feeling that im never getting out of debt but getting deeper in it. :( Incase your wondering about the name Cat Queen :P On in my Girlfriends name!!! :lol:

PostPosted: Wed May 07, 2003 9:00 pm
by Mr T
I think you are going to have to slow down a bit here...

you have plenty of time to get engaged and move into a new home, but you have to get your debts sorted out first. When I was your age, I had started university and had run up huge overdrafts, credit card bills and a student loan. I am now 27, and have my finances well in control and a house.

It wasn't easy though - like you, I had things that I thought I really needed to spend money on - I ended up with a County Court Judgement against me because I let other things take priority over this debt. Don't make my mistake!

Mr T

Good advice but.....

PostPosted: Thu May 08, 2003 12:02 pm
by Cat Queen
Thanx, good advice, but unfortunately things are already in motion. Paris is all ready paid for, and an engagement party too. Did the sensible thing and chopped up all my bank and store cards,so I cant get myself in anymore debt. Just looking for a way to raise some extra cash before August. Plus my girlfriend already knows about Paris, the engagement, the ring,and the party.So thanx, any more advice? how do I raise cash?

PostPosted: Thu May 08, 2003 12:09 pm
by danielle
u could always become a stripper they make money!
only jokin but have u thought about gettin a second job?

PostPosted: Thu May 08, 2003 3:56 pm
by kitten
Two jobs is not a bad idea, I do that due to my lack of funds!!

PostPosted: Thu May 08, 2003 4:11 pm
by Enigma
Please register an account seperate from that of Cat Queen. You are a seperate person and therefore should be represented by a different name.

Lad just registered

PostPosted: Tue May 13, 2003 12:58 pm
by Cat Queen
My Lad just registered as Zombie!So any replies go to him, thanx

PostPosted: Sat May 31, 2003 3:22 pm
by primalsurfer
Debt is a horrible thing and is usually a cycle that is hard to break out of.

The best advice ever given to me was:

"Live with in you means" i.e. if you can't afford it don't buy it.

It's worked for me, I'm always in a stable financial position and can usually afford to buy what I want and can always buy what I need.

If Paris is all booked and paid for then all you seem to be requiring is spending money for when you are in Paris. Like the others have said, get a second job.

The alternative is to re-evaluate your spending, when you are going to buy something categorise it as a want or a need, wants should be sacrificed over needs, the wants can come later in life when your are more financially secure.

Also keeping in mind you have an exisiting debt if you get a second job you should really be ploughing all that money into your existing debt to reduce it or pay it off entirely.

Another piece of advice... it's never too late to back out. A lot of my friends have got married young and had kids etc, though the majority of them wouldn't change things they always have the thought that maybe they should have waited until later in life.

The changes in yourself between the age of 17 and your mid 20's will be huge. Your views and opinions and general outlook on life will all develop as your gain more experience in life.

Anyway advice is jsut that advice, something to be read or listened too, but in the end the decision is up to you.

good luck

lo

PostPosted: Wed Jun 04, 2003 1:06 am
by Zombie
but Hi people

The good new's is behind every man who is bad with money is a woman who is happy to take that worry off you haha just kidding. yeah I got everything soted out. I was 17 and 18 when I got all my debt and now im coming up for 23 most of my debt is now wrapped into a loan to which I pay £60 a month I no longer have cards or any way of getting in debt (other that my girl) :lol: and my mother has just informed me that since I get paid 4 weekly as apposed to once a month I get 13 pays a year luss enabiling me to have 1 month debt and rent free (month im going on hols) means I can have everything I want and need.

I wasnt really after advise as such as I knew I was on the right track all I needed was to be cheered up a little. sounds silly but even at £60 a month I get a little depressed and frustrated about it. :cry: cheers and might I add to get out out of debt is one thing but to stay out of debt involves a pair of scissors hahaha :wink: