Emerging out of debt only to slip back in again?

Jennifer Lynn · 07-06-2008, 09:26 AM

Hi guys,

While browsing this forum I saw some posts from those who emerge from debt only to slip back in that black hole again. If you're one of these individuals, I'd love to hear your story.

If you can leave a reply here or contact information, it would be greatly appreciated.

khorrell · 08-07-2008, 01:12 PM

Hi Jennifer Lynn...I was wondering why you're asking. I'm a lot more likely to share if some interesting story compels me...

Thanks.

financepro · 08-08-2008, 04:31 AM

Quote:

Originally Posted by Jennifer Lynn

Hi guys,

While browsing this forum I saw some posts from those who emerge from debt only to slip back in that black hole again. If you're one of these individuals, I'd love to hear your story.

If you can leave a reply here or contact information, it would be greatly appreciated.

I think some help would be appreciated!

Perchance Frugal · 08-13-2008, 04:19 PM

Quote:

Originally Posted by Jennifer Lynn

Hi guys,

While browsing this forum I saw some posts from those who emerge from debt only to slip back in that black hole again. If you're one of these individuals, I'd love to hear your story.

If you can leave a reply here or contact information, it would be greatly appreciated.

Is this for an exciting interview on your blog Jen?

Bernadette · 08-14-2008, 09:34 AM

This has never happened to me in a big way, so my story probably isn't worth telling. But I do find that when I'm almost out of debt, as I am now, the temptation to get reckless and carefree about money sets in.

It must be a bit like dieting. You lose 10 pounds, then to celebrate you go out and have pizza, beer and ice cream. Then you get so mad at yourself for indulging that you stuff down half a chocolate cake to comfort yourself. Then you figure what the hell, I've failed, I'm a loser, and you dine on pasta and sauces for the next week. Then finally you say okay, time to get serious again. And it's back to salads without dressing.

Debt can be a little like that. If you haven't broken the habit of using credit for whatever you need, you're going to fall back on old spending ways. Been there ...

Gootsy · 08-14-2008, 08:11 PM

The last few months I've seen myself have a harder and harder time paying bills CC, and saving the same amount.

It just felt like I was cutting it closer and closer, till I finally had to dip into my emergency account, and then when I put that amount back into emergency account, I had to dip in again(but this time twice as much).

I figure it's because of the timing of the CC bill. I don't realise how big it's getting and how far behind so I'm gradually spending a little bit more than I should. So when surprises come, I'm forced to cut savings for that month which's annoying.

I've cracked down on it a lot recently, but I am taking 2 small trips this month which should ruin the gains I've made

. Ah well.

07-06-2008, 09:26 AM	#1
Jennifer Lynn Junior Member Join Date: Jun 2008 Posts: 13 Thanks: 0 Thanked 0 Times in 0 Posts Reputation: (10)	Emerging out of debt only to slip back in again? Hi guys, While browsing this forum I saw some posts from those who emerge from debt only to slip back in that black hole again. If you're one of these individuals, I'd love to hear your story. If you can leave a reply here or contact information, it would be greatly appreciated. __________________ ~¤ Broke-Ass Student ¤~

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08-07-2008, 01:12 PM	#2
khorrell Senior Member Join Date: Jan 2008 Location: near Washington DC Posts: 608 Thanks: 0 Thanked 1 Time in 1 Post Reputation: (84)	Hi Jennifer Lynn...I was wondering why you're asking. I'm a lot more likely to share if some interesting story compels me... Thanks.

08-14-2008, 09:34 AM	#5
Bernadette Member Join Date: Jul 2008 Posts: 33 Thanks: 0 Thanked 0 Times in 0 Posts Reputation: (17)	This has never happened to me in a big way, so my story probably isn't worth telling. But I do find that when I'm almost out of debt, as I am now, the temptation to get reckless and carefree about money sets in. It must be a bit like dieting. You lose 10 pounds, then to celebrate you go out and have pizza, beer and ice cream. Then you get so mad at yourself for indulging that you stuff down half a chocolate cake to comfort yourself. Then you figure what the hell, I've failed, I'm a loser, and you dine on pasta and sauces for the next week. Then finally you say okay, time to get serious again. And it's back to salads without dressing. Debt can be a little like that. If you haven't broken the habit of using credit for whatever you need, you're going to fall back on old spending ways. Been there ...

08-14-2008, 08:11 PM	#6
Gootsy Senior Member Join Date: Jan 2008 Posts: 281 Thanks: 0 Thanked 0 Times in 0 Posts Reputation: (24)	The last few months I've seen myself have a harder and harder time paying bills CC, and saving the same amount. It just felt like I was cutting it closer and closer, till I finally had to dip into my emergency account, and then when I put that amount back into emergency account, I had to dip in again(but this time twice as much). I figure it's because of the timing of the CC bill. I don't realise how big it's getting and how far behind so I'm gradually spending a little bit more than I should. So when surprises come, I'm forced to cut savings for that month which's annoying. I've cracked down on it a lot recently, but I am taking 2 small trips this month which should ruin the gains I've made . Ah well.