Debt
This always happens to me. I am terrible when it comes to managing money. I never seem to have enough to satisfy my wants, but the bills keep coming. I do not know why I keep buying new things when I do not have the money. The debt and overdue payments pill up before I can stop the madness. If only I could achieve some debt consolidation. My new job should help me to escape the vicious cycle which has me trapped. I am making twice as much as I use to be making before I was promoted to a managerial position. The key for now is to limit my spending to only the essentials. If I do not purchase anything more than I did with my older salary, I can become debt free in about a year. I have to be careful. Debt consolidation is a tricky business. In a moment of brain lapse, I can easily undue the positive corrections I have made. It takes weeks and months to recover from poor spending; however, it takes now time to dig a financial hole. I have decided to stay in the same rental. This should save me money because less of a percentage of my earning is going into housing if I stay here and make more. The car will be paid off in two months. The main thing I need to focus on is the amount of times I eat out or go to the bar. I use to go out and drink with friends at least twice a week. Now, I am limiting myself to twice a month until I can get out of the red. It is my fault I got here in the first place. It happens easier than I thought. A few bad ideas and a couple nights out and the money flow gets tight. A couple days ago, I cut up my credit cards. The bills can only get paid if I do not keep spending. The interest on them is unbelievable. For some purchases, I have spent almost twice as much on an item because of credit card interest. Once I get out of this mess, I do not want to go back