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[Kevin Wood]

I have always had one rule......if I cant afford it, I dont buy it......and we have done without holidays etc as a result.

The only exception is the mortgage.

I need credit cards to cover company expenses......

I'm sure you will get it sorted Martin

The sentiments I live by as well.

Damn right. Milk them for the convenience they offer but don't ever put yourself in a position where they have you by the balls. They make their money by encouraging people into this position and then rather them over when they are no longer able to vote with their feet.  

Kevin

[Martin_1962]

I owe too much - crept up over the years - not one big bill.

My methods are now

1) Get our software done
2) Encourage sales - we all get a percentage of any sales
3) Get PumpSafe out to the caravan mags
4) Get our accountant to sort out my finances and do deals with my creditors, he is good

[amigov6]

 ::)I agree with MDTM. Ages ago now i posted a "beware finance post" Since then i'm still slowly paying off two loans & floating around in an agreed overdraft. The biggest of the two has just over a year to go of a 5 yr repayment plan & i rejoice every payment they take 'coz i'm one nearer to owing them nothing.
I'm sick of scraping by on what little is left each week so when i'm all clear will NEVER do this again. I have no arrears, only agreed debt but it gets close at times. Luckily i bought the house at the right time & just agreed a 5yr fixed @ £277 per month but despite all the offers i'm NOT going to borrow a penny more & don't hold a credit card. They're the worst. (did have one) If you can repay in full each month you don't need it.If you can't you should'nt take it out in the first place. No offence directed at anyone, i'm just generalizing. Many people go under & lose their houses, i came close but saw it coming in time to stop. I'll be clear soon. Other than your mortgage, pay cash or go without.
     Sorry, ranting again!