Covid Impulse Buying Restarted :(

I forgot about how much I spent the last time we were in lock-down back in Adelaide…

It just feels like the perfect past time…it’s stressful though…because the difference now is I am not working full-time yet and haven’t been for the last six weeks… I am basically living off paying the bills with my credit card. I put most of my money locked away in a long-term deposit -.-” or in high(ish) interest savings accounts that don’t allow you to withdraw or you lose the interest -.-”.

ANYWAYS. I keep rechecking my internet banking app to see if I have been paid my last salary from my part-time job…and hopefully *fingers* crossed I will also get paid out my annual leave which I rarely took.

So what purchases have I been purchasing?

A lot of things I probably don’t need.. :s..some I guess I need, but COULD make do and still survive without. I am just going to list what I have bought in the last week..

I spent a lot on homewares…bath towels, singlets, clothes airer, air fryer, kettle, 30 Litre bin (too much for one person), teatowels, clock, non-slip shower mat for inside the shower, mat for outside the shower… LOL so many mats. Also bought a mat for the entrance and for my bed. (LOL) …A santoku knife… microwave cover, sponges, wipes, disinfectants of every kind, toilet cleaner, paper towels. freezer bags x2 sizes, stainless steel mixer bowls x3, pegs (haven’t even opened it!), portable clothes steamer (used once), handheld vacuum (suction sucks), Telstra wifi-modem, Hair straightner for mum, AAA batteries, AA batteries, shampoo and conditioner (coz i didn’t bring them from Adelaide), body wash, TV cable, hand soap, dish dryer, sieve, mug, so many groceries fresh and frozen :(, filtered water jug, Laundry basket, Laundry washing bags, fabric softener, detergent for clothes and dishes, deodoriser, can opener (but I HAVE NO CANS), numerous amount of random plastic containers, Linkt Toll pass (Even tho i haven’t used any tolls yet), I’ve also started paying rent. Y_Y…

I bet that’s just half of where all my money went… T_T… Spending so much time alone at “home” and going out and doing things has made online shopping all the more tempting.. :(….if I wasn;t writing this post, I am very sure I would be online shopping again…

One slighlty (?) upside is that I remembered I have some Qantas Frequent Flyer points saved up! These points were supposed to be for my overseas “One day” to London trip…but that kind of looks out of the picture for the near future…So I used some of the points to purchase a ricecooker online…it’s something I can live without until it comes…

Got my first Credit Card

I finally got a credit card. Not because I need it for anything at the moment, just mainly to get points and to see what it’s like. I feel like this is another step towards adulthood or maybe not?…I am hoping to be able to personally get enough points to fly to London when Covid-19 blows over..!

 

Credit Cards have become a norm in the society that we live in today. With the lucrative offers of bonus frequent flyer points, free travel insurance, VIP lounge entries, and other incentives, it is almost like another form of gambling. If you pay off your debts in time, you are fine, but the temptation to spend more than you earn is always there and you pay a hefty price if you don’t pay your debt in time. This post will look into the benefits and cons of having a CREDIT CARD!

 

For those who have suddenly hit an unexpected emergency and are in needs of funds urgently, credit cards are a life-saver. It allows you to pay that debt or bill immediately and buys you some time before you have to pay it off. If you are good with money, you can use it a way to increase your cashflow as well as reap the many benefits of having the card. Other benefits including earning points on normal everyday purchases and which then can be exchanged for things like plane tickets or gift cards at supermarkets. Other lucrative benefits also include things like complimentary travel insurance, free lounge entries at airports, and other deals depending on the card you have. It basically enables people to purchase expensive items and pay it off over a longer period of time. For those who are struggling to make ends meet towards the end of a pay cycle, this is life saver to enable them to still be able to pay for rent, food, and other necessities before they get paid from their employers.

 

In saying that, the temptation to spend more than you earn has leads to many Australians into debt. By living beyond your means, you pay the hefty price of interest rates up to 20% for the amount that is owed. You could potentially end up losing a lot more money than you could save from having those points. This could lead to people turning instead to things like crime or theft in order to make a living. Financial crisis can also a very stressful thing to be in and is one of the causes for mental health breakdowns.

 

While credit cards may be great for some people who know how to manage their money, for others who do not have good self-control, it is a trap that is best avoided. Despite the huge number of tempting benefits of having a credit card, it is something that needs to be thought of carefully and not for those faint – hearted.

 

Keen to know your thoughts and do YOU have a credit card?!