specialsauce wrote:
to avoid anxiety cut down on the stimulants (coffee, ritalin/concerta, cocaine etc)
set up your bills to pay themselves, and ideally you would have loads of money so you dont have to worry about it.
Setting up bills to pay themselves if you are not blessed with a good income will be a major concern as one can quickly get into debt. I know of a young man who was away from home on a course. His younger brother logged into his account to either buy something or play a game on a gaming account. When at home he let his brorher do this and he did not think to check. While he was away for a few months he was not recieving his mail. His brother had overspent and brought his bank balance to exactly a pound overdrawn, but by the time his course had finished, he found the bank had esculated the costs so he ended up with a £700 debt. It took him ears to pay it off as he was in his early 20's. He has since changed banks as the bank didn't once think to phone him as they had not heard from him. If he had direct debits as well he would have been in a serious financial mess.
I once had to close a bank ad open a new bank as I found myself doubly insured and Ihad been paying this mortgage insurance twice for a period of two and a half years. The one insurance that was supposed to cancel when I remortgaged (When I used to have a house) would not cancel the direct debits and kept saying I had to do it with my bank, yet the bank kept telling me I had to get the company to cancel them. My only way out was to close my bank account and start a new one. It is why I ended up paying for two and a half years because the company would not stop the direct debits. Never got my money back, and the insurance had the cheek to write to me to tell try to get me to set up a new direct debit for the morgage insurance on a morgage I no longer had as it was with a previous mortgage company.
I also found I had been paying out via another direct debit as I had ben talked into paying a life insurance out for a few years. One day I was asking my Mum about something showing her a bank statement and she asked what a certain payment was. I said I would find out. I showed her the insurance details. She said if I died the compny would pay mo spouce a certain amount of money. The problem was that the sales man who had sold me the insurance never asked if I had a spouce! I have never been married! I can be a bit gullable with things like this! Why I avoid all direct debits, and try to pay for everything by cash where I can know what I am doing.
Life was soo much easier when one simply had a few seperate bills and a few seperate money boxes to pay into to save for those bills. One was paid in cash and one simply put a certain amount in each money box ready for each bill, and anything left at the end of the week would go into a bank.
22 Oct 2020, 10:47 am
