Lately, I’ve been doing a lot of thinking about my financial situation. I’m stable for the time being but that’s only because I’m still living at home. If I was to move out on my own, I would be a mess right now. That’s why I have to find myself a good paying job and start living on my own.
I got a call earlier today from a credit company that said I was eligible for a ten thousand dollars loan. I don’t have any need for ten grand at the moment so I went along with the application. The person on the phone took my application over the phone, which took six minutes. At the end of the call, he said that he would have to do some credit checks and then ask his supervisor for an approval. He was going to call me tomorrow with an update. IÃ¯Â¿Â½ll be at work by the time he calls so I didnÃ¯Â¿Â½t mind giving my cell phone number. But ten minutes after I got off the phone with the guy, he called back. I was decline for the loan due to the fact that IÃ¯Â¿Â½ve only been working at my present job for about a month. Oh well, what am supposed to do with ten thousand dollars? ItÃ¯Â¿Â½s money that I would have borrowed and would have ended up having to pay back more then the initial loan. So I think it was for the best that I didnÃ¯Â¿Â½t get approved.
After sitting around for a bit, my financial situation wandered back in across my mind. I was sitting here reading some stuff about a family that was in debt. That got me started thinking about the debts that I have. Although it may not be much, itÃ¯Â¿Â½s still debt. According to my records, IÃ¯Â¿Â½m about three thousand dollars in debt. IÃ¯Â¿Â½m hoping to get out of the debt and have it paid off by the beginning of summer. I filed my income tax this morning and whatever I get back will go towards my credit card bills. If I can put fifty percent of my pay cheque towards my credit card bills, I would be able to be debt free in three months. Once I have that credit card paid off, I can cut it up.
But as for tonight, I decided to cut up some credit cards, you know, just for the heck of it. And yes, that eBay card is a credit card. I get points every time I use it. But I will not be able to use it anymore, or any of the other cards for that matter. Chances are, the credit card companies will send me a new card once these have expired, which is some time this year. I donÃ¯Â¿Â½t think IÃ¯Â¿Â½m going to activate those cards. At the moment, IÃ¯Â¿Â½m in no position to be using them. For every hundred dollar I charge onto the card, twenty dollars will be added at the end of the month as interest. One of my New YearÃ¯Â¿Â½s resolutions is to get out of debt and so far, IÃ¯Â¿Â½m doing a pretty good job at it.
If you donÃ¯Â¿Â½t have a credit card, donÃ¯Â¿Â½t bother getting one. ItÃ¯Â¿Â½s not worth it. If you want something bad enough, save up for it. You work hard for you money and knowing that you paid for that item with your hard earned cash will make you feel better about buying it.