Re: My money problems really came into full swing

Hi Victoria,

I have a few things to say to you which will hopefully give inspiration. You are a young, smart and motivated woman. You made a mistake with getting into debt and now you have every reason to realize how not to get into that situation again.

You are also very lucky that your parents are supportive as they are.

Many people don’t have that.

Now, think about your discipline to save $10,000 in the first place.

You have what it takes to control your spending, paying off your bills, recovering physically, finding a job you like and saving more money. You’ve got a lot going for you.

You say your parents love you and are helping you, then stay awhile longer (as long as they let you) even after you get back on your feet financially. What’s your hurry with moving out ASAP. I understand you may have a need to live independently but it seems that your first try went a little sour. It does for many people so you are not alone. I don’t get along that well with my parents and I’m 40! But we manage to have a great family relationship. I had a situation occur (not financial) where I had to move back to their house, with my infant son. And I am so grateful for their support!

It’s a good thing you aren’t using the credit cards any more and living by using cash instead. I lived that way for a long time after my credit card debts were paid off. I did however find a healthy way to have a line of credit, use it once in a while (to build and retain a decent credit score) and mostly see it as my extreme emergency fund. The best money management advice I can give you is this: “always spend less than you make, and you will come out ahead” It took me years to learn that.

I was about $14,000.00 in credit card debt, but I was 30. It took me 5 years to pay it off and pay all my other living expenses at the same time. I didn’t buy myself anything new for those 5 years and I got use to not spending money. I actually started enjoying other things about life more.

thank you everyone for your nice words. I think most people go through life thinking that they are their own person, you know the only one to experience the problems that they are facing… no one understands, that mentality. It is so nice to meet people who are in the same boat. I am glad to know I am not the only one who has moderation issues… SO who wants to go shoe shopping?? Just kidding….

for me a big part of the spending problem was enjoying the pleasant anticipation of receiving a package in the future. Maybe it will be there when I get home was the mindset. Didn’t really matter what it was.

I’m the same way, so I signed up for a Freebies mailing list and I go to the links the list sends every day to get free coupons, free samples, etc.. so I get free crap in the mail. I actually use the stuff though and saves money sometimes. Like I got a free sample of some new Tide product yesterday, saves me on detergent, or last week I got 2 free samples from ALways and it had 2 pads and a pantyliner in each, so those went in my purse for emergencies.