My money problems (and wins): the story

MONEY: it gets shit doneWhen I paid back my debts in March 2011, I thought I’ve seen the last of money struggles.

Those debts came from a 2500€ business loan and one small personal overdraft I had for 250€ (2009). I was planning on paying back the big loan from the revenue the business would generate; however, the business started slow and we couldn’t wait out long enough for it to pick up. There was some cash-flow (more like a trickle) but it wasn’t even enough to cover the monthly expences, let alone pay back the initial investment.

A debt of alsmost 3000€ was crippling to a 24-year old who made 350€ a month; and when you factor in living costs, I could only afford 150€ towards the loan. At that rate, it would take me about 18 months to pay it all back – provided that I didn’t buy shoes or clothes in that time, provided that my rent didn’t go up in that time, and provided that no emergencies happened in that time.

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10 tips: How to manage money as a couple

Are you about to get married? Or preparing to move in together with your loved one? Or are you about to merge you finances? Or just started dating? Here’s 10 tips on how to manage money as a couple.

Img src: colinwalker.me.uk
Img src: colinwalker.me.uk

1) First changes come as soon as you start dating

Okay, so while dating, you’re not quite a “couple” yet, but even so – this will be very different from managing money as a single, non-dating person.

I was single for 3 years before I met my soon-to-be husband. In those three years, I constantly worked on my money skills, and greatly improved my finances in the process. I obsessed about optimizing my budget and saving as much as possible. And I got really good at it.

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Love without money or money without love?

Love without money?
Love without money? Src: from the movie Breakfast at Tiffany

They say money can buy you a dog, but only love can make it wag its tale.

Wow. We must be pretty hooked on the idea that money can’t buy love – we’re bringing dogs into it!

That idea looks great on the big screen, too: love stands higher than the material world. Tons of Hollywood scripts revolve around the cliché of a rich guy chasing after a girl who doesn’t love him and is, instead, in love with a poor guy. The rich guy is either boring or doesn’t truly love her, while the poor guy can give her everything she needs – except money. Girl runs off with poor guy to live happily ever after, THE END, roll credits.

Only we never really know if they do live happily ever after. The movie usually ends at, or soon after, runaway point.

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