I kept sliding…Posted: July 12, 2012
Yesterday, I filled you on how I started the downward slope into debt. Up to this point there was no debt besides student loans so at least I had that going for me! And here is where the years start to…blur as it will be. I’ll list off the highlights of my mistakes.
Photo credit: cohdra from morguefile.com
- I decided I needed a cell phone as I didn’t want to pay the school any amount of money for the use of their landline. Had my roommate bring me down to the nearest Verizon store and signed up. Only issue was that I didn’t have the $250 for the deposit. My roommate did and paid it for me. I did pay her back but it’s something that I don’t enjoy thinking about—one shouldn’t borrow from friends/family as I only knew too well.
- I got my first credit card! And this was something I hunted for as I only wanted to “build” my credit up. And I also signed up for something that I never used but continued to pay on—the account protection if you lose your job. (Which I forgot about when I did lose my job) Not a terrible choice to get a credit card if I used it correctly, right? I went wrong with not paying it off in full every month and running up the balance.
- I swiped my debit card knowing I didn’t have the funds in my account and wouldn’t until the following week. I rationalized this by saying “it is for medicine for my mom.” This would have been at least okay IF I hadn’t gone out to eat right before, as I knew I needed to pick up this medication. Woops!
- I lived off campus in an apartment that was $900 a month in Upstate NY. I paid more money than a lot of people’s mortgages (in that area) to rent a crappy apartment and did this for two years. Oh and as I didn’t bother to question something in the agreement, I actually ended up paying extra as they had it broken down into a semester payment plan—but they calculated it wrong. Too bad I signed it and didn’t wonder about it until a few months later.
- I bought things for people because I wanted to be the person with MONEY. Didn’t matter to me that I couldn’t afford it because I knew I would just pay the minimum amount due. Oh and that one credit card turned into four credit cards that were run up to the limit.
Those above mistakes are what helped push me into deep debt. And I only tell you all these things in hopes that another person won’t make them. I don’t dwell on them too much because I’m moving past them and fixing them. But I also won’t hide from them! To do so would mean that I haven’t learned my lesson and I would most likely back slide.