http://www.youneedabudget.com/blog/2004/the-illusion-of-debt-consolidation/ You haven't budgeted like this. Sat, 12 May 2012 14:35:16 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://www.youneedabudget.com/blog/2004/the-illusion-of-debt-consolidation/#comment-268 Lola Sun, 17 Aug 2008 23:55:51 +0000 http://www.youneedabudget.com/blog/?p=70#comment-268 This is so true. I have got all my credit cards at 0% interest leaving me 1 card with no debt on it. I 'had' to have some fruit bushes at the bargain price of 3 for £30 instead of £13 each. So instead of paying the £13 out of my budget, I put the price of the 3 bushes on the 'spare' credit card. I paid off the minimum each month (£5 )rationalising that I could afford this and the fruit bushes would be established for next year. It took me 9 months to clear this small debt and I paid approx £43 in the end for those fruit bushes. When I realised this I was furious with myself, but it also made me realise that I couldn't do anything like this again or I would be right back where I started. This is so true.
I have got all my credit cards at 0% interest leaving me 1 card with no debt on it. I ‘had’ to have some fruit bushes at the bargain price of 3 for £30 instead of £13 each. So instead of paying the £13 out of my budget, I put the price of the 3 bushes on the ‘spare’ credit card.
I paid off the minimum each month (£5 )rationalising that I could afford this and the fruit bushes would be established for next year.
It took me 9 months to clear this small debt and I paid approx £43 in the end for those fruit bushes.
When I realised this I was furious with myself, but it also made me realise that I couldn’t do anything like this again or I would be right back where I started.

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