Post
by
lem » Fri Aug 17, 2012 10:47 am
Hi Ruth, sorry to hear how you are feeling I think we can all identify with those feelings when you are in an IVA, I totally understand and agree with what Paul says about treating it as a loan repayment, but I also feel that it's hard to do that sometimes as a loan repayment doesn't impact on your life in the same way (ie, not being able to rent/sell your home etc!)
I also think,looking at your ticker that you are 9 months in to your IVA, you are at that point where you are over the honeymoon period so to speak, so the relief and joy of getting the IVA approved have now worn off but all you see ahead of you is endless months of severe budgeting and restriction, being a few months ahead of you I can understand where you are coming from as I felt the same. All I can say is that this journey we are on, is full of peaks and troughs, once you get your first review out of the way and are into your second year, you will start to feel you are getting somewhere, we are almost 18 months in now so have just 3 1/2 yrs to go which is 25% of the way there!, I still have those times when I feel really down but then pick myself up and carry on.
I don't envy my friends anymore as I listen to them and their spending patterns and then when I read between the lines I can see just how it is all fuelled by debt, now I know that in 3 and a half years time we are going to be debtfree, and I actually feel quite virtuous now knowing that we are managing our money without credit, although sometimes things are very tight!