If someone had told me five years ago that today I would be a Money Coach and Author, sharing content online about personal finance and helping thousands of people around the world get started with budgeting, I would have laughed my head off! Yet here we are today – this is actually my reality.
Why is this laughable? Because just 5 years ago I was in over £36,000 debt without a clue as to how to dig myself out of the hole I’d found myself in.
My husband and I became homeowners for the first time back in 2016, and due to issues with the property we bought, we needed to do a lot of work to the property to make it habitable. Renovation costs weren’t factored into our new home budget so we took out multiple bank loans to cover the hefty renovation costs.
No expenses were spared in order to make our dream home a reality, and it cost us, big time!
As if that wasn’t enough, we also amassed thousands of pounds worth of credit card and overdraft debt, thanks to a couple of family holidays and big purchases for our new home.