So, this year I have embarked on a journey of reducing my credit card debt to $0, while still remaining fashionable.
I am a working Mum, with a fantastic and loving husband Shane. We have been married for over 5 years, and are still on our honeymoon. We had our first daughter Olivia in 2008, and she will be turning 4 this year. Our second georgeous daughter April, arrived in February 2011.
We have a wonderful life living in the city of Brisbane.
I work full time for a large international corporation, and have been there for 12 years in February.
I love fashion and I think that I have allowed it and the thing “of looking good” get in the way of being financial responsible for my credit card. I think I can say that I am almost addicted to looking good and shopping. It is so easy to purchase things on-line and use your credit card to buy “things”. The credit card debt is almost secondary, because you live on the high of looking good and receiving your parcel, loving your item, only to wear it – look good, put it in the cupboard, and go in search of your next fix
I have allowed my credit card increase to a staggering $10,496.98, as of 27th January 2012. When I looked at it, I was amazed, how could I have let this happen? I felt so much guilt. Having all these clothes and looking good, just left me financially looking bad.
So, with the New Year, I decided that I was going to spend the next 12 months getting rid of it, and feel better about it. The only way to get rid of it is to reduce my spending, and find ways of making some extra cash to pay of the card in 12 months.
I have set out some rules for myself:
* NO new clothing purchases full-stop. This means that I cannot purchase any new clothes, shoes or handbags.
* I can make personal purchases, such as underwear, basic make-up, such as foundation etc, moisteriser, things like that.
Over the coming weeks, I will provide you with an intenary of my items, so that you can see that have not made any new purchases.
The only purchases I can make are things like accessories, with the proviso that they are paid for out of my weekly personal budget amount of $100.
This is going to be tough, as I am always on the look out for a purchase, especially when it comes to events.
I will use this blog, to share with you my events, experiences, how I am going, what I have put together using what I have, how I have reduced my debt, and share with you the day that my Credit card is $0… wish me luck!!!