I have a problem.
I am a Shopaholic.
I like to buy things I do not need... especially clothes and shoes.
But I don't buy big ticket items. I rarely spend a lot on my purchases and I think that is one of the problems.
I just can't resist a great bargain.
But even these small purchases all add up.
I blame the fact that I was born under the Leo star sign.
But they also some weaknesses...
The Vanity things is an issue. Supposedly it is because of the moon I was born under. It makes a Leo have the need to be 'admired by others, and to feel good about oneself'.
I think this is why I always have a need to constantly buy clothes that I think look good and that make me happy.
That or I just like buying things???
So the fact of the matter is that I am in debt.
I have been debt for a while.
I have been trying to pay it off, but haven't managed to make much of a dent.
But now that it is on the Life List, I need to do something to tick it off the list.
I hate to admit it, but I owe the following amounts on 2 credit cards:
Card #1 = $2,460.99
Card #2 = $1,435.99
That is a Grand Total of $3,896.98
It isn't a massive amount, but for me it is. And because of the interest, it just keeps on growing and growing. And it turns into a vicious cycle.
But I have decided things will change.
I cut up Card#2 last night.
I then put a budget plan in place and presented it to 'husband'. He agreed with my plan and therefore BOTH cards have been paid off, using our savings we had in our mortgage.
I just now need to pay off the mortgage in monthly instalments.
According to my calculations, my debt will be paid off in 7 months, with 0 interest.
Husband has also put me under strict spending conditions, so I don't get in this situation again.
Which I will follow.
Wish me Luck!
UPDATE: 18th of May 2012
So far I have paid $1,647 off the debt... $2,250 still to go
UPDATE: 17th of September 2012
So far I have paid $2,150 off the debt - $1,747 still to go - I should have paid more off but I had relapse and used my one remaining card to buy some clothes/scarfs/winter hats that I