Someone Owes Me Money

I am trying to live my life debt free and I know the consequences of having problems with money. I have seen some of my family members go through rough times and debt for them seems ordinary. Sometimes you try and help them anyway you can but bad credit loans really leave a mark in your credit standing. I understand that there are some instances where you spend a lot on cases like emergencies, natural disasters, medical situations and death. I can't say no to family too and that is one problem I am trying to fix until now.

I have also made the habit of lending money to friends who in the end could not afford to pay me back. This happened very recently. The amount is no joke either so I am trying to force him to pay me when his check arrives. I am also telling some other friends so they can somehow help me telling him about it. The thing I hate sometimes is that friends tend to get self imposed selective amnesia if you need the money already. They should have consulted credit professionals instead so they would be stricter putting penalties. I wish there was some way I could let them live a debt free life too. I don't want to end up paying for their debts anyway!

If you are reading this my friend, please pay me back soon! You know who you are!

Spending Wisely

I manage my own finances and am pretty good in doing it. Maybe once a month I see to it that I take note of my expenditures and the funds that are going into my bank accounts. I have several savings accounts because that is the only way I can keep myself from using them all. I prefer a remote bank so I would not be able to go there easily and withdraw the funds. That is what I have been doing these past few years and it seems effective. I pay my bills outright and never miss any credit card payments because if there is one valuable thing I learned from my siblings, to take care of that first.

Don't get me wrong, I don't hate credit cards. It's just that whenever I hear horror stories about them and the repercussions of bad credit, I just can't stand it. I hate to watch people destroy their careers and names because they did not manage their credit card debt properly. Most financial experts say that it would be better if you only keep one credit card. That is what I'm doing now with my current bank. I advise people who are in bad debt to get some way to consolidate their debt on instant approval credit cards. After fixing their finances, they can probably start paying it up until a manageable amount appears on their bills. The next time they think of spending, it should only be within their means. A bad credit standing would only get them in trouble with the law. I suggest they find someone who can fix their problems or get good financial advice when they need it.