About Me

Thanks for stopping by my blog! My name is Kirsten and my (now ex)husband and I got into a little bit of debt in our 20s and 30s. Okay… more than a little bit of debt. As at June 2010 my current debt is 19,695.20 Euro. I know, I know…how can someone let their debt get that high?

We lived the high life, both of us earning well and neither of us having any real regard for the future. We had a gorgeous and expensive apartment that we rented, always had the best of everything ($100 for a saucepan, why not?). Then, the rest of our debt accumulated throughout the years. We took up the offers of new credit cards that were thrown at us from every quarter, seeing the platinum sheen as a badge of honour, but really we were just getting deeper and deeper. Trust me when I say this, spending more than you earn is a recipe for financial disaster. Years of spending more than we earned is why we ended up in a pretty bad situation and then dealing with the debt by going on holidays certainly didn't help the situation!

However, things were looking up and I'd managed to pay off about half of the debt we had in 2005 when disaster struck - divorce. It got bitter and nasty. When I finally emerged out the other side I found myself with massive lawyers fees to pay on top of my split of the debts.

In June 2010, I decided that things needed to change. Worrying about being able to pay your bills and being able to afford groceries is not fun. It was also a little depressing that my net worth was a big negative number. At 37 I should have a positive net worth and be saving for retirement. With the breakup of my marriage children has become an even more important thing for me - I want them, I'll tell anyone, yet I cannot even begin to contemplate that path unless I can afford to take time off and my new wonderful partner should not have to pay my debts while I do that.

The Indebted Shopaholic was born to help document my financial transformation. It provides a place where I can go to vent or to celebrate reaching a milestone with my debt payoff. This is my tool that helps to keep me on track to pay off my debt as quickly as possible.

If you've read this far then I'm sure that you either think me daft or daring. Whatever your thoughts, I welcome them - providing they're positive!