Comments on: My Financial Meltdown: Part 4 http://www.fivepencepiece.com/2009/09/my-financial-meltdown-part-4/ A British Man's Take on Debt, Saving & Investing Sat, 14 Nov 2009 14:08:36 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Leehttp://www.fivepencepiece.com/2009/09/my-financial-meltdown-part-4/comment-page-1/#comment-306 Lee Wed, 07 Oct 2009 17:15:35 +0000 http://www.fivepencepiece.com/?p=91#comment-306 You're spot on Ame - it just takes one sliver of hope to make all the difference. Looking back at those times, I can't even begin to make sense of where my head was. The thought of suicide makes me shiver now, it just isn't something I'd ever consider. Back then though, it seemed a logical way out. Scary. Very very scary.As you might have noticed, I love cooking! :) I must post up some new recipies, I've been working on some fun ones lately! Watch this space. You’re spot on Ame – it just takes one sliver of hope to make all the difference. Looking back at those times, I can’t even begin to make sense of where my head was. The thought of suicide makes me shiver now, it just isn’t something I’d ever consider. Back then though, it seemed a logical way out. Scary. Very very scary.

As you might have noticed, I love cooking! :) I must post up some new recipies, I’ve been working on some fun ones lately! Watch this space.

]]> By: Amehttp://www.fivepencepiece.com/2009/09/my-financial-meltdown-part-4/comment-page-1/#comment-305 Ame Wed, 07 Oct 2009 17:10:19 +0000 http://www.fivepencepiece.com/?p=91#comment-305 Thanks Lee,I have so much respect for those who have cleared their frighteningly high debts and those who are still slogging away at them. They need all the support and insights they can obtain. I know from my reading of various blogs like yours and forums how helpful the information can be. Seriously, as you yourself wrote desperation can make people think the unthinkable - one good word can sometimes be the catalyst to turn that persons life around. Kudos to all.You can cook too I see :) Thanks Lee,

I have so much respect for those who have cleared their frighteningly high debts and those who are still slogging away at them. They need all the support and insights they can obtain. I know from my reading of various blogs like yours and forums how helpful the information can be. Seriously, as you yourself wrote desperation can make people think the unthinkable – one good word can sometimes be the catalyst to turn that persons life around. Kudos to all.

You can cook too I see :)

]]> By: Leehttp://www.fivepencepiece.com/2009/09/my-financial-meltdown-part-4/comment-page-1/#comment-303 Lee Wed, 07 Oct 2009 15:56:41 +0000 http://www.fivepencepiece.com/?p=91#comment-303 Hi Ame :)Isn't MSE great? I'm not sure where I'd be now if it wasn't for Martin, to be honest. "Passing it on" is one of the reasons I started this blog - I love helping others and telling my story helps set the scene.I'm glad your 'LBM' turned your finances around for the better!Lee Hi Ame :)

Isn’t MSE great? I’m not sure where I’d be now if it wasn’t for Martin, to be honest. “Passing it on” is one of the reasons I started this blog – I love helping others and telling my story helps set the scene.

I’m glad your ‘LBM’ turned your finances around for the better!

Lee

]]> By: Amehttp://www.fivepencepiece.com/2009/09/my-financial-meltdown-part-4/comment-page-1/#comment-293 Ame Wed, 07 Oct 2009 14:25:55 +0000 http://www.fivepencepiece.com/?p=91#comment-293 In a weird way debt helped me to become a saver. I set up the smowball spreadsheet for my small credit card debt - thanks to MSE debt forum too.1. monthly payments that I was comfortable with,2. irregular payments (money saved from food shop specials,also paying the months cc interest figure and rounding up the pence etc.)3.A smaller amount as an emergency saving fund (essential IMO to stop using credit).Then when cc was cleared used the same method to build up various savings.Making payments as fast as you get the money reduces the interest charges. Give yourself permission for a small treat when you reach a specific target - you do need to be sensibly kind to yourself. There is a lot of help out there - and don't forget to pass the info on to your friends.Good post Lee In a weird way debt helped me to become a saver.
I set up the smowball spreadsheet for my small credit card debt – thanks to MSE debt forum too.

1. monthly payments that I was comfortable with,

2. irregular payments (money saved from food shop specials,also
paying the months cc interest figure and rounding up the pence etc.)

3.A smaller amount as an emergency saving fund (essential IMO to stop using credit).

Then when cc was cleared used the same method to build up various savings.

Making payments as fast as you get the money reduces the interest charges.
Give yourself permission for a small treat when you reach a specific target
- you do need to be sensibly kind to yourself. There is a lot of help out there
- and don’t forget to pass the info on to your friends.

Good post Lee

]]> By: Leehttp://www.fivepencepiece.com/2009/09/my-financial-meltdown-part-4/comment-page-1/#comment-90 Lee Sun, 20 Sep 2009 12:53:54 +0000 http://www.fivepencepiece.com/?p=91#comment-90 The way I look at it Simon is there is no time to be resting, treating yourself or having "me time" when you owe other people money and want to get out of that situation. When you have no debt (excluding a mortgage) then <em>that</em> is the time to be able to rest and relax!I'm an "all or nothing" kind of chap so this is the method that works well for me. It may not work for everyone, so those who need time out can budget for it if there is sufficient surplus to do so.Welcome :) The way I look at it Simon is there is no time to be resting, treating yourself or having “me time” when you owe other people money and want to get out of that situation. When you have no debt (excluding a mortgage) then that is the time to be able to rest and relax!

I’m an “all or nothing” kind of chap so this is the method that works well for me. It may not work for everyone, so those who need time out can budget for it if there is sufficient surplus to do so.

Welcome :)

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