What is so hard, I am Not my Clothes? you ask!
Well, its my credit card that is causing my grief this week. The premise of this blog is to illustrate how I pay off my credit card fashionably of course, and to date, I have paid off a miserable $227.22. That’s right.. $227.00, sorry, I forgot the 22 cents. I can hear you all out there.. and I feel the same way.. I am a little disappointed 😦
I have not been that responsible over the past 6 months checking my credit card statements, and I suppose I was a little to scared to see where I was at, and I am not sure what made me do it recently.. hmm, maybe this blog, as that is part of the reason that I am writing this.
I am happy that I have paid $1980.00 off my card over the past 6 months, but sadly, I have also spent nearly $1600… It is so hard to write this post, and face this, but I will continue!
So, what have I spent it on, you ask? I am very happy to say, that I have not purchased any clothes at ALL!! Nice Lucia! But the biggest culprit has been, and you would not believe it GROCERIES!!! YES!!! Groceries! How boring… I have used my credit card after I had attempted to use my EFT card, and there has been no money in the account. So, rather than be embarrassed and leave, or transfer some money, I have just used my CC to make the payment, because it was so easy. So, over the past 6 months this has amassed to about $700, and I have shared it with Coles, Myer, The butcher, Woolies and Kmart and the local petrol station.
The other culprit of this incident, is the good old Apple iTunes! I have an iPhone and an iPad. It is so easy to purchase apps, magazines (fashion ones of course), books and games for my daughter, that I did not realize that I spent $330.00 in the past 6 months. In the back of my head, when I was making the purchases I knew what I was doing, but a $1 here, and a couple of bucks there, slowly added up to $330.00.. hmm.
Finally, interest has been the other factor in chewing up my money, totally $335.00. This is something I knew I had to pay.. so, no biggy there.
I know you are adding the numbers up in your head to make sure that they equal and currently they don’t add up. So, with that I do make a regular donation to RSPCA that amounted to $100 over the 6 months, and then I had a couple of work expenses where I used my credit card as they did not take the corporate card that my company uses. That equated to approx $250. So, it all adds up!
So, with facing my credit card disappointment, and the lesson in being afraid to face my credit card and being financially responsible. I have now made a few changes to hopefully help me reduce my credit card debt.
I have killed the credit card details on my iTunes account and when I have saved a little bit of money, I will purchase some of their voucher, which is a much better option. I have cancelled my monthly donation to RSPCA. I need it a little more than they do at the moment. I have also changed my bank account to one of those debit credit card accounts, which will mean if I need to purchase something I can use my bank account rather than a credit card. I also need to be more responsible that and check my bank account balance on a regular basis, so I do not get caught out doing the groceries again.
At the moment, I am feeling really deflated, cause I thought it would be easy to pay off my credit card and its really hard. You have to be very focused and really want to reduce it. I can say that I have been half interested, and as you can see my half interested results!
At this point in the year, unless I win $10,000.00 to clear my debt or I create some miracle, I think it might take a little longer than I expected to pay this off. I have read articles similar to mine, and it has taken people a couple of years. I hope it does not take me this long, but hey, if that is how it happens, that is how it happens.
You know, I am not sure what you are experiencing in your world financially, but I am feeling a little like those European countries, you know, doing your best just to get through their financial situation, with the BIG hope that I will get through this. It feels like all those years of prosperity, that I was part of is long gone, but the memories are still with me, because I am carrying this debt.
So, my questions today, how responsible are you with your finances?? Do you regularly look at your credit card/ bank account statements to understand where your money is going?? How do you manage your credit card debt. Can you give me any tips??
Looks like I will have to start looking at some styling at more reasonable prices if I am going to reduce this debt… ie in 2013, maybe I can be the next Gok…
Til next time… Be awesome!!