What did ya spend it on???????

[lonesumluser]

If your bankrupcy was a result of excessive credit card debt I was just curious and trying to settle down after my last metting with my attorney. When I went to the meeting with the trustee I thought they would ask, thank god they didn't, I can see now just how careless I really was!!!


Going out to eat and spending $100-200 at every whim.

Going on $2000+ vacations once or twice or more each year.

A huge addiction to ebay (thought I could sell it later and make more money)

Never paid attention to prices of anything at the grocery store and getting anything I wanted.

Expensive lunches at fast food joints.

Splurged on gifts for other people, usually spent about $50.00 on gifts

Gave my kids anything and everything they wanted for birthdays and christmas.

Had to have a new vehicle at least every three years thus creating more and more to be put on top of the new vehicle.

Would use charge card and know that you can't put under $5.00 on it, so just get whatever the hell I felt like getting.

Put everything possible on the credit card so I could make the payment that month.

Had huge expensive parties at very pricy places and invited a lot of people.

Bought my pets the most expensive treats and food and clothes.

Spent excessive amounts on the different rooms in my house making them theme coordinated.

Now I see what went wrong, I was an idiot, I thought I could pay for it or work it out, I will be so glad when this is done, I don't ever want to feel like this again.

[kst7488]

buying myself happieness
taking care of stupid bfs that didnt deserve it
teeth whitening
sushi all the time
clothes
more clothes
not working for 6 months becuase i was too depressed to work
an out of state move, and back after a year.
furniture
computer

[SubPrimeME]

Tried leveraging a house- ya, I bought more then what I really should have, but I figured 20% returns.... STOOPID me!

[AngelinaCat]

We had plenty of incidents like the ones listed in the first post, plus we tried to help out other people who were down and out, and gave them the use of the credit card, and then forgave debts that they owed us. (LESSON HERE: No good deed goes unpunished!)

Then we had the 2004 hurricanes and 'Hub got prostate cancer. I had lost a job in 2004 and ran out of money to pay for COBRA health insurance. Plus on top of all that we were being sued in a harassment lawsuit by a crack-pot millionaire determined to bleed us financially. He succeeded.

But most of it was our stupid fault.

[FLBK7]

Very bitter and nasty divorce and loss of long-standing job due to a corporate merger, both within 2 months of each other. From there on everything just went to hell and my previously non-existent cc debt soon escalated. Finally found a relatively good job in 2001 but by then it was simply impossible to keep up with the previously-incurred cc debt. Creditors refused to work with me. I had been brought up to think that BK was only for losers and perhaps this is what made me wait so long to file. I finally filed in 2004 and the relief I felt was undescribable. I really should have done it sooner instead of allowing the situation to get worse and myself to become a total nervous wreck.

It's been 5 years. Sometimes it feels as though it was only a year ago!

Lessons learned.

[sick of debt]

Borrowing from peter to pay paul. We will never live outside our means. Lesson learned.

[BigJohn]

I would say I didn't know what I was doing most of the time. I spent too much time living on Oxycodin - legal.

[Flamingo]

Hubby's major department layoff in 2/01 causing a 70% decrease in income. Prior to that could afford everything. It all went down the tubes trying not to file bankruptcy by borrowing to make payments and robbing Peter to pay Paul hoping we could stay afloat until a good paying job came along for him. Well, we filed 1 year and 2 months after his job loss way deeper in debt than when he was laid off. But we did learn that if we did not have the debtload when he lost his job, we would not have had to file cause debt causes bankruptcy, not a job loss.

[SubPrimeME]

But we did learn that if we did not have the debtload when he lost his job, we would not have had to file cause debt causes bankruptcy, not a job loss.

Yes, this is so true! Hence why I will not finance another car- if I can help that is!

[eddiep]

It blows my mind to think of the stupid crap I bought. I was living a life way beyond my means. I was generous and proud of it. I was proud of all the things I "owned" but I didn't really own any of it. There was no definition between want and need! It was so humbeling to have to ask my mother for money to pay the electric bill after hubby lost his job and the ccs were cut off.

I have to say my kids have been GREAT, I was afraid that my daughter thought she was Paris Hilton's little sister! But she got her own little job and she is very frugal with her money!

When we were struggling to buy groceries I kept thinking of all the stupid stuff I had charged that I didn't need.

The only thing I did and wouldn't change is the traveling! We went on family trips to Aruba, Turks and Caicos, Bahamas, and Florida almost every year. My daughter was also on a competative cheerleading team and we went to Vegas, Atlantic City, Atlanta and Dallas! That was the best! My kids got to see that there is a big world out there and some of our best memories are of our trips together! Thank you Mastercard it was PRICELESS!

[eddiep]

Want to know what I should have bought but didn't?
I should have bought a dictonary or took some classes to learn how to spell!

[mamaluv]

Everything on the list the OP posted I did as well, except for the pets...I'm too cheap to take care of a pet

[syn]

With my dad's credit cards it was mostly buying parts for customer's vehicle's. When you are spending $3,000+ at a time per month it can add up. Plus he spent on other things to like jewelry for my mom and vacations.

[Overmylimit]

Business expansion; I wanted to grow fast and when I lost a few key accounts I lost 15k a month in earnings...ouch big time...

[AMISLANDER]

I would say I didn't know what I was doing most of the time. I spent too much time living on Oxycodin - legal.

xbf spent it on illegal drugs.