April 18th, 2006 — Debt
Before you can cut back on your non essential spending, the first thing you need to do is to work out why you buy items that you don’t need. Once you can do that, you’ll find it much easier to cut your spending and repay your debts.
Look through your shopping receipts for the past month. That is if you still have them! But while we�re on this subject, it is always a good idea to keep the receipts for everything that you�ve bought over the last month.
January 7th, 2006 — Debt
Getting into Debt is easy.
When you leave school, you can start building a credit record for yourself. The only way to do this is to go into Debt. You think you can handle it: paying off your credit cards every month, staying up to date with all your other monthly payments. You’re earning an income, living the high life and you can handle anything that life throws at you.
Then Disaster Strikes - the car breaks down or someone in the family gets ill, and you rapidly realize that you’re getting over your head. When the curve balls come your way, getting into debt can sometimes be the only way to cope.
