Financial Crisis

Cause you can guarantee that a financial crisis will swiftly follow any other kind of disaster, right?

It is, of course, all completely my own fault.

Since I left work almost 14 months ago I’ve never really moved on from the financial mindset of being someone with my own money in the bank. And the last month has seen some slightly, er, excessive spending.

So yesterday, while I was indulging in some (more) therapeutic online shopping, my card finally stopped working.

I had a feeling I might have reached my limits, but it wasn’t until I logged in this morning that I discovered the damage.

Not only had I reached my overdraft limit (a whopping £2k), but the bank had kindly extended it for me because I was still spending money and they decided that my credit record was good enough to honour all the payments that were going out. In one way this is good, because I didn’t miss a direct debit payment, but in other ways NOT so good, given that my overdraft is beginning to look like a black hole that will never, ever be filled, and is now closer to £2500 (gulp).

Anyway, after a LONG conversation, and promises from me to be better behaved, they agreed to waive £150 of charges (jeez!).

I didn’t mention that I’m now a stay at home mum, instead of a handsomely remunerated programmer, and not likely to be earning a great deal of money in the coming months, or that the healthy days of my current account are temporarily resigned to the history books.

But, for now they are happy, and I have a new project (always good, right?).

I’ve known for ages that I needed to budget, but I think I was just spending like this because I wanted to force a situation that I couldn’t ignore (does that make sense?).

There’s always a kind of comfort in hitting the bottom. You know you have to take action. You know you have to do something.

I’ll be keeping careful track of my expenditure – I may post weekly or monthly accounts. These will be boring as hell, so don’t bother reading them – they are here to make myself accountable.

And I’m also gonna have to ebay some stuff to try and recover some ground.

There is four years worth of baby stuff bursting out of the loft… I’ve been wondering how much longer I can actually keep saving everything baby-related before having to accept that we don’t have room for an entire childhood’s worth of clothes, books, toys and other paraphernalia.

It’s all good though. I need to sort out money, and I need to stop hoarding things so obsessively. And I need to be more frugal with our groceries and find more free activities to do with the boys (especially now the weather is improving), so all in all, it’s probably a blessing.

Just another one of those things that happens to come along at just the right time.

And now I’m off to the newsagent to cash in £16 worth of winning scratch-cards, because after 6 months of lying around they are suddenly worth a lot more than they were to begin with 🙂

12 thoughts on “Financial Crisis”

  1. Oh eBay… I’m fighting that beast as well right now! I have bins of baby clothes that I have held on to in hopes that I could talk my husband into the unwise and risky move of having another child. And that’s just the precious stuff I couldn’t bear to part with. The girls are five, it’s time to let go. Damn, it’s hard. I just wrote a post about simplifying that will be posted on Kerry’s Winding Road on Friday that is about this, hope you can check it out! Good luck purging and making some moolah!

    • Thanks – I will definitely read your post, I love a good purge! It’s just the baby stuff that I can’t let go of – so I understand that completely 🙁 But maybe it’s time to be more selective. Gotta make some cash somehow!!

  2. the universe has a way of throwing stuff at us, whether we’re ready for it or not. good luck with the budgeting. I feel your pain. (2+ years of unemployment without a single adjustment to my spending habits…)

    • Eek – 2+ years would see me carted off by the bailiffs, ha ha! It must be good to be earning again. I didn’t realise I was even overspending, doh!

  3. Ok, this comment is totally unrelated to your post, but I have to write to you somewhere! I had a dream last night that I met you in person. No joke! Except in my dream, you had just dyed your hair blond, which was a little odd. Then again, you’ve been writing about needing a change… Anyway, we were just like sitting around a living room (yours? it didn’t look like mine) chatting away about who knows what. Your boys were there, running around, and my daughter was there, too. Crazy!

    • Oh my goodness, how spooky! I think of you a lot, especially with everything that’s happening for you now. Maybe the universe picked up on my thoughts?! Defo not blond over here though, I’ll won’t give up my brunette status until I’m completely grey 😉 Wouldn’t it be great to sit around and chat properly? Although sometimes it seems as though my online friendships are more deep and meaningful than my real ones… crazy, isn’t it??

      • Yes, I would love to sit around and chat properly! And you are definitely right about the online friendship thing – it really is a crazy bond over just words on a screen, mostly (and in our case, across an ocean!). Except in your case, since you have now bravely posted lovely pics of yourself. I am not that gutsy yet. Plus I’m a little technologically impaired when it comes to links and pics and the like. I never took the time to properly learn how to utilize all Word Press functions. I just started writing and left it at that. Glad you are not really blond – your brunette locks are so lovely!

        • Aw, thank you 🙂 They’re a little grayer these days (scary). I’ve avoided pics for a long time, mainly to preserve anonymity. But I think I’m starting to care less and less what people think of me. I’m not sure if that’s good or bad!!

  4. It always happens all at once. I am on a strict budget and although I do pop out of it from time to time I couldn’t live without it. I’d be constantly worrying about the bills being paid and now I never do. Best thing ever. Good luck!!

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