The big bad debt machine
25 Jan
As the sun rose over the plains of Africa this morning (and the water logged area that was Johannesburg), there were many people jumping out of bed, quite happy to face the day while they ate their breakfast of air and…more air. For today is the 25th and many will finally be paid for the month. Hip hip hooray. January was a month that was cold, dark and filled with salticrax, but at last, that is all over.
We all face the problem every year. Christmas pretty much bends us over a table and has a chocolate starfish feast without ever asking us if it’s okay. In other words, we get anally raped. Keep up darlings. So what happens when Christmas has had it’s fill? Well, people find themselves with that horrible little thing called…debt.
Okay so most live with debt every day of the year, Christmas just makes it worse. However, I’m here now to teach you the secret of living debt free. All you have to do is forget that you’re an adult with responsibilities and throw caution to the wind and throw out all those things you think you need…like credit cards for one.
Actually I’m quite amazed when I look at most of the people I know around my age and how much debt they’ve acquired – excluding those who have things like student loans and big ‘ol important things. Those don’t count. I mean those who’ve just accumulated debt through credit cards and store cards and generally living beyond their means like a bunch of fucking idiots.
See now while I admit that it is an inconvenience at times not to have the convenience of one of those little plastic cards, I know enough about myself to know that it’d be a HUGE mistake to have one. You start off with good intentions: “Oh I’ll pay it off every month. I just want it for the convenience factor”. Then you have a tough month where you had some unforseen expenses and it becomes: “Okay I’ll pay the minimum this month and then pay the rest off next month” and then it just carries on and on and on. I shall not fall into this almighty trap.
I know what you’re saying right now. You’re saying, “But Tara, what about that PS3/XBox/Refrigerator/New monitor that I want to buy, that’s too expensive to buy in one go, I need to pay it off monthly”. Well, you see friends, this is why savings exist. I don’t believe in paying anything off (except you know, emergencies, houses and cars…unless you can pay cash, then what kind of crime are you in? And good for you I suppose) over 2 or 3 years. I’m a firm believer in if you can’t pay for it at once, then you really don’t need another gaming console. I mean, by the time you finish paying half these things off you haven’t only spent at least 20% more than it’s worth, but it’s also out of date.
Now it’s been a while since I quit my job so my savings have run ever so dry but, when I did quit (by the way, that full story will be coming sometime this week), I had been a good little hoarder and saved up enough each month to live off for a while. All through making sure to save at least 10% of the old paycheck.
Funnily enough, people who knew me growing up are amazed that I have this attitude. Mainly because I was a spoilt brat and they all assumed I didn’t know how to work with money or budget. But you see friends, that’s where they were mistaken. Honestly, I knew I was spoiled and I knew I had a good deal and I appreciated the fuck out of it, but that doesn’t mean that I didn’t pay attention. As a kid, my savings account was always empty because well, I got my pocket money and had things to buy like Micro Machines…but that’s only because I knew there were adults around doing adult stuff and making sure I was all good. What can’t you do in childhood if not enjoy your pocket money (if you’re fortunate enough) before growing up and having to endure the harsh realities of life?
So let’s sum up shall we?
1.) Don’t get a credit card. They’re evil. They will cause you problems whether you intend them to or not.
2.) Only pay things off if you absolutely need to. If it’s something you don’t need to live, then you don’t need it and you can save up for it.
3.) When you can, put aside money from your paycheck into savings for a rainy day.
4.) Don’t be a fucking moron.
Of course sometimes you can’t actually avoid debt. In those situations, well, make a plan to pay it off and stick to it. If it means you can’t have the latest summer wardrobe this year, then tough. You’ve probably got clothes, you don’t need more. Especially around Christmas time. Don’t let those presents bite you in the ass and put you into more debt. Especially if you expect a Christmas bonus at work only to get a little surprise at the last minute.
Anyway, it’s Monday morning which means it’s time for the weekly reminder that I’m looking for a job. If you know of anything or anyone looking for a slave/dedicated little Goblin drop me a comment or use the contact form or whatever.
Now go on and have a fantastic week.
We’re oh so serious around here this morning aren’t we?





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