Let’s face it. We’re not always perfect when it comes to money. Heck I’m far from it, but I do recognize that some people need more help than others. Unless you had a really tight grasp on budgeting and parents who guided you through that phase, you’ve gone through what I like to call the “foolish phase”.
What is the foolish phase you might ask? Well, it’s the phase in your life where you foolishly decide to get rid of all of your money in exchange for things that you cant recall a year later(sometimes you can’t remember a week later). I’ve been there, many a times. Heck, I can’t account for where I spent 80% of my salary for 4 years. AND I made a decent living for a 25 year old. There was the $1200 jeans story, and the $1000 phone story, and the… let’s not count stories!
The good thing here is that we have the ability to turn things around and settle down. Most of us learn to do that in our late twenties, and early thirties. This is when life kicks us in the pants and tells us to get going. But what happens when your past and future has an issue adjusting together? What do you do then? What happens when you want to move own but your credit does not allow you to do that. Well, there are tons of options and it depends on your specific details are.
Credit counselling is one way to go. Getting someone to co-sign a loan for you is another or looking at options like that are specifically targeted to you. Loans for bad credit from Pounds to Pocket is a great resource if you don’t want the world to know that you need help and want to pull yourself together quietly.
No matter what option you look at, making sure that you understand the root of what was causing you to spend money is the most important thing. Getting a firm grip on your spending makes a world of difference. Especially when you learn how to be smart with your money. I have to admit that looking back, there are times where I wanted to kick myself for my dumb mistakes.
I definitely went through a phase or two, but luckily they hit in my late teens. I never needed credit counselling. I’ve always been to cheap for $1200 jeans!
I was too stupid not to buy them
Everyone has gone through a phase like that at some point I would say. Many will recover – and some, unfortunately, will start accumulating debts. Too bad that some of them don’t seem to ever recover from that 🙁
Provided that you recognize your ways, I feel like recovering is possible.
Yes I’ve been through a phase like this and so has my hubby, which has led to debt! We’ve changed our perspective on the way we spend money now. I think the reality comes to most people in the end!
Ah yes, the early twenties “finally I’ve got some money, let’s start living the good life” phase. We did that too. Luckily we came to our senses and started saving a bit of money. Once we started to see that money grow we got addicted. We started agressively saving money instead of spending it on $200 bar nights. (What a waste. Can’t even remember some of those nights!)
I’m right there with you.