Deep down I've always known that I've had debt but never truly acknowledged it. To me debt has always been normal and a way of life. The thought to save for the things I've always wanted in life had never occurred to me.
Since the age of 18 I've had overdrafts, credit cards, car finance the lot. All of which came with interest and didn't bother me in the slightest.
Today the total debt I've managed to rack up in the past 8 years is... Wait for it... £18,062 Ergh! Yes, I know it's a lot and the moment I calculated what I owe, I felt sick. I still do actually. But it's my own fault for being such a reckless spender. £18,062 how ridiculous is that? That's £10,962 car finance, £2000 on another car finance plan (yea, I'll explain in another post), £3500 and £1600 in credit card debt.
So there you have it. I've just aired all my dirty laundry. I know I have a problem so I've taken the first step towards dealing with it by admitting it so that I can become Debt Free! I'm absolutely terrified of taking this step because I've never had to live frugally so this really will be a true test for me. But it must be done. You'll hear all the ups and the downs.
I've decided to document this journey to financial freedom to keep me motivated, and to get through the hard times. I'm already anticipating them because I know they'll come and I'll have more chance getting through them with your support and inspirational comments along the way. Who knows? I may even inspire some of you that are sick of being in debt to make the journey of financial freedom with me. It's going to be a lonely road so the more the merrier :)
Owning my own home is a big dream of mine, and one that seems so far away but also one that I know is still achievable once this humongous debt is cleared. Hopefully you guys will still be around to join me on that quest once this debt is vanquished!