My New PF Blog

Posted by Ron

February 7, 2009

So the reason I am doing this blog is to motivate myself to get out of debt. I also think this blog could help others get out of debt.

So a little about myself.

One of the problems that I face when tackling my own personal debt is that I am an independent contractor in the film industry. I don’t have a set paycheque every 2 weeks. It also hasn’t helped me that the last couple of years have been really hard on me financially. Every time I get money I need it to live and pay minimum payments and when I’m not working I use my credit cards (I don’t have a line of credit) to live off of. I know this is never a good path and I’ve always known that, however I still did it.

Don’t get me wrong, I am definitely not anti credit card person, however I believe it should be used as a tool and not a funding source. That being said, I don’t use it as a tool, more often then not I use it as an extra bank account.

I have found that a lot of financial type ‘debt software’ doesn’t help me when it comes to my personal finances because I don’t have a standard every 2 week paycheque.

Now I’ve come to a point where I have let my debts get out of control and I am having trouble making even the minimum payments on all of my various cards. I’ve had a terribly slow last 6 months with little or no work whatsoever. I have let my credit go downhill.

I am going to keep this blog very anonymous with only a few people knowing who I actually am (a select few know my situation and of course my techie guy). I will tell you however that I live and work in Vancouver, BC and I will be turning 30 in 2009 (yeah, that’s a big one). I already stated that I work in the film industry but apparently there are over 30,000 of us here in Vancouver. I am following my dreams and have few regrets (if any), but I do know that I HAVE to get control over my finances. I have to control my spending and I have to get out of debt.

As this is one of the first blog posts, I hope you will be able to follow along and hopefully I can get some advice and also give out some advice. Because I will be anonymous, I will keep everything as accurate as I can as well as updating everything as often as possible. I also hope to keep this blog interactive, interesting and fun!

Remember I welcome all suggestions, ideas and help, and I know will have some suggestions ideas and help for you too!!

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