I have a confession to make. I am in deep trouble with my finances. I really couldn’t think why I brought myself into this. Can I declare bankruptcy?

I have 6 credit cards. 2 of those have huge credit limits. The rest are not really that big. And I maxed out all of those credit limits. I also applied for loans in banks hoping that I could use the money to pay off the credit cards but it didn’t do me any good. I only paid a portion of it.

Honestly, I have no idea where I spent all those money. I guess for my toiletries, utility bills and for my extravagance with food. There was a point where I’d use my credit card to pay for my food because I want to dine at the best places in town.

Sooner did I realize that I ran out of funds to cover for all those expenses. Now, my salary is not enough to pay for my bills. I’m really ashamed of what has become of me (who wouldn’t be?)

I am trying to double my effort to earn extra income so that I can pay for everything. I am also trying to stay away from the crowd to avoid spending money. If this means cutting my world off to people, I’d do it for the sake of my well being.

I wish that for this year, 2009, I will be able to pay off all my debts and start saving for my future. I wish that I’d be able to learn from all of this.

Related posts:

  1. Won't pay my credit card
  2. Coming clean in October
  3. Asking for Support
  4. Penniless
  5. worried