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25 Feb 2004

Money Money it ain't funny!!
When I landed my first job at Edgars, I opened various clothing accounts. I would buget to pay these accounts, but i ended up spending the money on other things, well my dad helped me pay off the debt, which is not really his responsibility. My second job, I fell pregnant and an idea came into my head to take a loan. It was not a well paying job, and I needed the money because there was no materninty benefit offfered. Well when I returned to work I took a further three loans, opened furniture accounts. Budgeting as usual but never sticking to it. Nevertheless, I left that job and started working for another company with a decent salary, but still I never paid my debts. I left that job for personal reasons and struggled to find a job for 9 months. Eventually I found a wonderful job and I am earning good money. I try every month to stick to some sort of a budget. Things I have to pay is my car and my rent and i have to make provision for my daughters needs, which leaves me with not much, i feel i need to sequestrate myself, i do understand that i will be black listed for a few years, but other than that i do not know what to do. my bf also doesn't contribute to anything and he helped get me into this debt. He doesn't have a job.

Please give me some advice to this as I am finding myself have quite a few anxiety attacks, although the DR has prescibed medication to help control this, I feel that this is not a solution to my problem.
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Expert
CyberShrink
cybershrink

01 Jan 0001

Dear Cash,
never ever budget for anything unless you know you are able to stick to the budget with firm discpline --- and in your case, that sounds like never would be the best bet. Never take out loans unless you are certain o be able to pay them back. When you have a job with a decent salary, force yourself to live on as little of it as possible, and build up your savings, which you can use to pay off [previous debts, and then build up the savings so they can be used for necessities and emergencies. Don't allow yourself to indulge in luxuries and unnecessary or impulse spending.
And do ou really need a bf who ads to your debts and has nothing to contribute financially ? I know times are tough for jobs, but every week I see stores advertising for at least part-time help. However lowly his first jobs, they'd let him at least earn something to contribute to the household. As for sequestration, etc., I know nothing useful about tdhat --- can't someone at your bank give advice on this ?
And you're right, no medicine solves financial problems, and some degree of anxiety may help to motivate one to get things right this time.
And I agree strongly with eve, both about speaking to those you owe, to see what sort of arrangements can be made, and explore whether your mother and/or father can't take over managing your accounts until you've got used to living in the black and not in the red.
The information provided does not constitute a diagnosis of your condition. You should consult a medical practitioner or other appropriate health care professional for a physical examination, diagnosis and formal advice. Health24 and the expert accept no responsibility or liability for any damage or personal harm you may suffer resulting from making use of this content.
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