Does anyone ever wonder where all this misery is going to end? I mean how many people are going to become insolvent and take out DMPs IVAs and BR. Will everyone be in some kind of debt solution by the end of the recession? I know more and more people who are "living" on credit cards and loans and contantly not being able to get out of their overdrafts. I read in the papers and see on the news about peoples homes being repossesed and boarded up. When will it ever end, when all houses are boarded up and no one can afford to do anything. No holidays, no days out, no socialising because we cant afford to go out - life will be boring. We'll all be moving back in with our parents because we can't afford our own houses anymore!
I just wonder if I'm the only one that thinks about this? Sorry if I've depressed anyone!!
But since removing my head from up my a**e and facing the finacial mess I found myself in then cracking on and doing something about it has me made me feel so much better about myself. Obviously there is the odd panic like my poor car but all can be sorted.
Lets look at the glass again and this time its half full!!!
Last edited by fingerscrossed on Wed Jul 29, 2009 8:33 am, edited 1 time in total.
Back to square one but what dunt kill you makes you stronger!!
I guess the answer to that is when banks stop lending and customers stop borrowing to spend money - but given that this is largely what the economy of UK plc thrives on, given the demise of our traditional industries, it is unlikely that we will see much change over the next decade or so.
Melanie, it is sometimes not in your best interests to suggest solutions that will end up in nobody becoming insolvent [:D]. In reality it is very unlikely to happen.
IVA.co.uk The best place for debt advice. Thanks to Melanie Giles, David Mond, David and J (Elv5) Kallis, Dand, Skippy, Andy Davie
I think you are right there Paul! I wonder how much consumer debt there was around when our parents were our age, amd often think if we could just get back to the good old days the problems of this country would begin to be resolved. But I am no enonomist, so probably not qualified to predict further than this time next week!
it would be nice to get back to those days, little debt and being able to leave the door open and go to the pub. Its all rush rush rush and profit profit profit. The world needs to slow down, less haste more speed.
IVA.co.uk The best place for debt advice. Thanks to Melanie Giles, David Mond, David and J (Elv5) Kallis, Dand, Skippy, Andy Davie
My parents never had any debt. If they couldn't afford it, they went without, and that is still their philosophy.
That's why I will never tell them of situation we are in - they would disown me!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
My view is that it needed to happen. I feel that I was also born to parents who appreciated everything and saved up. I must admit I didnt, I would just throw something away if I didnt like it or need it anymore. I wouldnt do that now. I remember my parents saying they didnt need stuff to be happy, they didnt have toys and used to go out and have fun, families were closer and meant more than stuff did. With that said, we do need stuff now, like computers and mobile phones to comunicate and keep up. Life is faster now and its the fast lane or nothing, or so it seems.
Last edited by freelili on Wed Jul 29, 2009 9:09 am, edited 1 time in total.
I feel the same Jan my parents only mid 50's have a very old fashioned approach to money and not sure what happened with me as my younger sister is very like my parents too. My parents would be mortified about my situation although it only spun out of control when my husband left me 4 years ago and it was a way of survival and trying to keep my sons standard of living and give the same to my baby that I had given my son that got me in this mess in the first instance.
Back to square one but what dunt kill you makes you stronger!!
Me too fingers crossed. I got into a mess when I left my hubby and wanting to give the kids everything other kids had. I always thought I would be able to handle it. It bit me on the bum though and it meant business.
Yes Lily but there is light at the end of the tunnel it is a little glimmer at the moment but mine is getting brighter with each payment i am a little closer and I am determined that out of all this my children will learn the value of money and that you have to earn it which I have always done and to save.
Back to square one but what dunt kill you makes you stronger!!
Unfortunately with me, I can't put it down to circumstances - hubby and I both liked spending and nice holidays and cars. We have no one to blame but ourselves and my mother and father (both in their 80's) would never forgive me!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
In a strange way, I'm glad we went down this route. Hubby had ran up a shed load ( mega size shed) of debt and to be honest if we hadn't of acted when we did, it would have continued spirralling. Even though its been hard and very challenging, it has taught us both to save and value what we have.I get a buzz from finding a bargain and paying cash!
Also as we have openly discussed it wth my daughters, I hope they will both learn from our debt journey too.
The other bonus is finding this forum and making some fantastic friends along the way.
Unfortunatley there will be plenty of others going down the same journey as us, hopefully we can all help to make it as smooth as possible.
We need to make sure they find the forum though Julie - the more the merrier!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
