For all of you who were interested in my ongoing posts about my debt which I have not posted about in a long time, I finally have an update for you..
Well, I finally couldn't stand it anymore and..... I went and took out a bill consolidation loan. It's a small loan compared to most but I couldn't stand playing the credit card and credit score game anymore.. In the world of credit the bottom line pretty much is, you're damned if you do and damned if you don't and I for one am just super sick of it all. I was tired of trying to figure out where I was going to come up with extra money to put towards one balance after paying the minimums on the others. Sick of paying outrageous interest rates as well. Worrying about due dates and my credit score etc..
In a perfect world, nothing financially unexpected ever comes up, living on a fixed income is simple and easy, and there's always extra to put towards a balance.. In the real world none of it works like this. Something ALWAYS comes up that you don't plan on and it's NEVER cheap. Count on atleast $1000.00 or more for unexpected's. Living on a fixed income is ROUGH, and there's NEVER extra for anything...
I was doing OK with trying to pay the cards down for the first near half of the year and then.... the house insurance payments hit. No we don't have an escrow account etc it doesn't work like that here. We pay it separately.. Then one of my dogs got sick to the tune of over $600.00, the one of them died as you saw in my last post and no you can't even do that cheaply. I need to be able to put something in our savings account which is now nearly empty, FOR the unexpected's or to help with them. I have major dental issue's that I MUST find money for so taking this bill consolidation loan seemed the right thing to do. It has saved us almost $150.00 per month and while that may not seem like much to most, when you live on a fixed income and everything in the world is going up except your income, it's ALOT...
What did I do with my credit cards?
First, I put them in a food saver bag and shrink wrapped them.
Next, I put them into a container filled with water..
And lastly......... Into the freezer with them!!!
And in Sept once I cook for the month they will get lost among all the bags and containers only to be forgotten about..I want to live on a cash basis only. If we want it and we can't afford to pay cash it has to wait. If we need it and don't have the cash we'll have to find a way to get the cash. NO MORE CREDIT.. Its all just a big scam anyway..
Now I will say one thing though. You're probably wondering why I didn't just cut them all up and cancel them. Well, as much as I am SICK of the whole credit world there may come a time when it will be inevitable like if the air conditioner needs to be replaced.. Sorry, I do NOT have that kind of cash, can't get my hands on that kind of cash and it will take a few years to save that kind of cash. Here in the South, you NEED air conditioning so thats reason number one I kept them..
Reason number two, again as much as I HATE the credit game there may come a time when it will be absolutely, completely no other option but to have to be approved for some kind of credit and I need a credit history. With no revolving type of credit on your report you have no history that is deemed 'Credit giving worthy" so I STILL have to keep some kind of credit score... Doesn't it just suck? I think so....