If you could reduce your bills, would you do that?

@anetteh (3590)
Sweden
November 6, 2008 3:11am CST
For some weeks ago, I did an overveiw of my budget. I counted how much interest I was paying on my credtcards and bank loans. I noticed I paid a lot for only the interest, and that the loans and credits did not paid of much. So i did this, I took a loan and paid of everyting, now I have one loan and pay one interest instead. I also did get a lot of my salary over after paying all the bills, that is now reduced to only a couple. I can spend more money for my self and do some stuff I could not before. It do not make me happier, however it do feel great to know I can spend more on stuff than before. But, I do think of where I do spend my money. I think - do I really need this, or not before I actually by it. It does feel god to know I can, but I do not.
2 responses
@aseretdd (13730)
• Philippines
8 Nov 08
I was planning to do just that early this year... since i also noticed that i was paying a lot interest from my credit card loans and other loans... but then... i did not push through with it... since my father lend me some money without interest... but it was not enough to pay for everything... so i still have some loans... with interest... but it is no longer as much as what i was paying before... It is good that things are working our for you quite well...
@anetteh (3590)
• Sweden
8 Nov 08
Thank you aseretdd, for responding. I am so happy that I have reduced my bills. I now can feel god with it and still have enough money to save for unexpected things. You work hard, and sometimes the budget do not fit Your wallet. So I thought, try and se if it work out. And it did.
1 person likes this
@aseretdd (13730)
• Philippines
9 Nov 08
There is certainly no harm in trying... and good think we did... since we both got great results...
@anetteh (3590)
• Sweden
9 Nov 08
yep we did....
@subha12 (18441)
• India
6 Nov 08
I think i will give you friendly advice. do not take so much loans and credit card debts unless they are really needed. using them will trap you in more loans and credits. tking loan to repay all will also add to it. so be careful and save more.
@anetteh (3590)
• Sweden
6 Nov 08
Belive me, I never will again. sometimes you do not think twice when you end up in a desperate situations. But now I at least have enough to save for unexpected things.