I am normally not an impulse shoppers and so I would carry a few of credit cards as I do not want to have too much of cash inside the wallet. Of course I also do not have too much cash available. There had been several purchases that I utilized the credit installment and this really get my finance out of control.
The installment rocked up to 15% of my income and I had been servicing them. I did not notice my financial status is already in red alert till recently I calculated the monthly expenditures. The total committed expenses are now twin-tower high to 70%. The situation will not improve till Dec before I completely paid up some credit usages. It was worsen as the source of income did not increase and I do not have other side incomes but I spent a few thousand on my new toys.
Now, I began feeling the financial pressure. Immediately I had cut back some regular unnecessary spending and utility cost. It was really ashamed that I would need to sell off some gadgets every month so I could have some breathe in every month for spending.
Kids, I am sorry but the toys buying every week will need to be cut!
There will be no exclusive dinner at weekend.
No phone renewal
No more credit card in my wallet
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