Keeping my finances in check
Now the recession is over, I’ve decided it’s time to improve my debt management skills and make sure I keep my finances in check from now on.
I’ve got a few debts, and they’re not too big – I could just do with improving my debt management skills to help me repay them sooner.
The idea is – I will go through my budget with a fine comb and pick out any expenses that I don’t actually need – for example DVDs, CDs… and so on. If I cut these out of my budget, I will be able to save money. And the money I save will be used to overpay my unsecured debts each month – pretty simple really!
I’m finally motivated to get my debt management skills sorted out! My wife had our first child two months ago, and he’s really growing so fast!
Knowing that I’ve now got a family to provide for, I know that I’ve got an added responsibility – which means I’m going to get myself into gear and clear my debts.
I want to provide the very best for my son, and the only way I’m going to do that is if I improve my debt management skills and focus on clearing my debts. I don’t want these debts anymore – so it’s about time I got rid of them!
I’m hoping that in under four years I will have cleared my debts.
I’m going to enter a debt management plan to clear my debts – and my debt adviser has told me that if my creditors agree to freeze my interest, I will be debt free within four years… which has spurred me on to get myself into action!
So, my debt management plan will start in a few weeks, and from then, I’ll pay a set amount each month to my debt management company, who will then share money out amongst my creditors according to how much I owe each of them. I know that paying back what I owe more slowly won’t look good on my credit report, but this is something I feel I have to do.
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