Look after the pennies and the pounds look after themselves!

I was personally in a lot of financial trouble very recently and in urgent need of debt help. After finally admitting to myself that I was almost on the verge of bankruptcy, I posted a bulletin on a well known money saving site where experts and people just like me assisted me to get back on the straight and narrow.

I found out quickly that there were no miracle solutions and that it would take time, patience and a long slog to get back on track.  Lump sums off my arrears were not an option and I found that even earning a few extra pounds here and there would soon add up to something worthwhile.

At the start, I had a large credit card bill, a car loan, an excessive mortgage and all the regular household bills that you would expect.

I started by making a really good budget planner and detailed on it every last penny that I was paying out. Then, by working my way through the list I painstaking shopped around for the best deals that I could find until I had reduced nearly all my outgoings.  Making savings of £1, £2 or even £5 a month doesn’t seem like much, but when you look at that on an annual basis it quickly accumulates to something worthwhile.

Once I had my monthly outgoings to a point that I had cut them down to the bare liveable amounts, I started to look at ways that I could earn a little extra.

Then along came the wonderful world of eBay, I started selling off my old junk and after paying postage and their fees I was finding that again I was only just breaking a profit and no more. It went on like this for nearly a month until I had saved up enough in my PayPal account to buy a job lot of items that I then sold individually.

In addition, I was car booting the bigger items that I had cleared out my home, every penny was one little step closer.

I became terribly mean for a short time and I was saving up my ones and twos in a jar, walking with my head to the pavement for extra coppers and even raiding the back of the sofa every month.

Before I knew it, I was soon making overpayments to my loans and my credit cards which I had transferred onto 0% finance options.

I found some additional income ideas from the forum that saved me from bankruptcy and I was prepared to give pretty much anything a go. It’s all about having a can do attitude and a burning desire to succeed.

Two years later, I am debt free apart from my mortgage and it’s all down to looking after the pennies and letting the pounds look after themselves. It really is the best feeling in the world.