Every pay do you 'run the money' to work out what you have to pay, what else you can afford to pay for, and what you can't?
I do. I'm 'safe' but I still have to juggle bills, necessary spending, etc. to keep it all in check.
There are so many 'jobs' on the to-do list that working out how to prioritise and fund them without using credit (re-draw from home loan, or getting a credit card or similar) is not an easy task.
Besides the home loan (a low interest long term loan), getting any sort of very high interest short-term credit (which a credit card would be) is stupid when I know I couldn't pay it off and that would run the risk of defaulting on the home loan trying to juggle even more demands on the money I don't actually have.
This is before I factor in paying for food/groceries, clothing and household needs for me and my daughter, and trying to save up for the big insurance (house and car) and car rego bills that are annual payments.
There are so many 'jobs' on the to-do list that working out how to prioritise and fund them without using credit (re-draw from home loan, or getting a credit card or similar) is not an easy task.
Besides the home loan (a low interest long term loan), getting any sort of very high interest short-term credit (which a credit card would be) is stupid when I know I couldn't pay it off and that would run the risk of defaulting on the home loan trying to juggle even more demands on the money I don't actually have.
This is before I factor in paying for food/groceries, clothing and household needs for me and my daughter, and trying to save up for the big insurance (house and car) and car rego bills that are annual payments.
