So on that note, I decided today was a good day to give my brain some much needed R&R as there isn't much I can do today in terms of my impending debt crisis. I'm a little worried that even before I'm actually in a position of 'unmanageable debt' my head is still a shed.
The real fun starts on 8th May when I begin to default on my creditors. I've had many discussions with a variety of well intentioned people regarding when to approach my creditors. There is a train of thought, that as I know I will be defaulting from 8th May, I should contact them now and let them know of impending problems. This in theory seemed like a good idea, so I did dip my toe in the water with one of my creditors who basically said they weren't interested as my account as far as they were concerned was in good order.
So, wait I will.... The exception to this plan has been my mortgage company who have already agreed a three month payment holiday as and when I request it (though I would be happier if I had that in writing)
My wife and I did spend this morning looking at our present household expenditure and although we have been on a cost cutting exercise for the past twelve months because of our deepening debt crisis, we did manage to find savings of £40 a month . This entailed having to convince Virgin that we no longer required their Broadband, Telephone and TV package and spending an inordinate amount of time answering very personal questions about my body in order to get a considerably cheaper life assurance policy.
Next on the list is Gas, Electricity and Insurance, but I think I just may switch off now for the weekend while I still have the opportunity and start all over again on Monday...
My wife came across this quite well known video earlier and I remember it well. However, I had never really taken much notice of the lyrics, just thought it was a decent tune. Take a look, it certainly resonates with my present situation and I've decided it will be our 'Debt Anthem'
Unless anything of significance happens over the weekend, I'll update again next week.
Be well... !
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