Credit

I got my first credit card when I was 18.

And that was the beginning of the end. The end of living life my grandparent’s way. Their ethos was very much if you haven’t got the money, you go without. I don’t think my grandparents ever owned a credit card. Ever. They had a cheque book and if they wanted cash they got it over the counter at the bank. And if there wasn’t enough in the account they didn’t draw it out. And that was it. If the bank ever sent them credit cards when it became de rigueur to have a bit of plastic in your wallet I never saw them use one. Aside from their inevitable mortgage, they were deeply suspicious of virtual money and ATMs. Undoubtedly it was a generation thing.

And, of course, ironic. Banks have for centuries dealt with virtual money and the idea of a “promise to pay”. The countries of the West are built on this ethos. On spending money that they haven’t got. It is the basis of all speculation.

When I got my first credit card no real harm was done. I was single, living at home with parents who hardly fleeced me for housekeeping money and so I had more cash that I sensibly knew what to do with.

I frittered it away on books, movies and music – and later travel. And it was fine ‘cos when that bill landed on my doormat at the end of the month I had enough spare cash floating around to pay it all off immediately.

And that’s the ideal. That’s how using a credit card should be.

But later in life – much later – paying stuff off all in one go became impossible. It became the norm not to do it and those halcyon days of settling my account without a second thought became a novelty. The honeymoon period between my flexible friend and my salad days was well and truly over.

When real life kicks in – when you’re standing on your own two feet – it’s all too easy to fall into the credit trap; the overdraft pit; the snare of buy now pay later and then keep paying and paying for a very long time.

And if you are canny you do the credit card transfer dance for a while. Or “debt consolidation” as it is sometimes called. Lumping all your outstanding debts into one big sum that you bung on an interest free credit card deal in the vain hope you’ll get most of it paid off before the interest finally kicks in.

Of course, all you’re doing is “promising to pay” the vultures who are happy to sit and wait and let your meat tenderize itself as the pressure softens you up. And the longer they wait the juicier you’ll be.

It’s the law of the financial jungle.

This year, however, I made a decision – a resolution in fact – to get myself out of the credit trap. To consciously and conscientiously budget each month. To pay off debts without accruing more. To not dip into my overdraft but to stay in the black.

So far, 5 months in, I’ve managed it. My debts are being whittled down, bit by bit – they’ll be with me for a year or two but they’re shrinking, losing volume and threat. And my overdraft is a 5 month virgin, i.e. undipped into and I mean to keep her that way.

My credit cards are, by and large, becoming orphaned. More, they’re becoming strangers.

We used to be so close but now I can see it was always an abusive relationship. I’m only sorry it took me so long to realize that and do something positive about it.

Now that I’m away from the situation I do hope that one day they’ll learn to forgive me and move on.

I know the fault was mostly mine but I can’t help feeling that, in their very nature, they colluded in my weaknesses and led me on. And despite the protestations of the banking history of the world I can’t help thinking that my grandparents had the right idea.

Virtual money never leads to virtual riches. It only ever opens the door to very real debt.

Vodamoan

Although my mobile phone has changed over the years I have retained the same number since I bought my first mobile phone back in 1999. It’s the number I give out to friends and colleagues. It’s the number I put on forms and web sites (the ones I trust). It’s the number I put on correspondence when I send my novels out to agents.

I’ve had it 14 years.

As far as I’m concerned it is my number.

My mobile phone tariff is Pay As You Go so as a consequence I have to buy my mobile phones outright – there is no contract with the service provider. So as far as I’m concerned the mobile phone is mine and I’m free to use the number as much or as little as I like.

Over the years I have used the mobile less and less. This abandonment has been exacerbated by the acquisition of a work mobile which, naturally, I now use to make most of my calls (as they tend to be work related). In fact, the only cost that has been incurred by my own mobile phone over the last few months has been incurred by the phone itself; it is a touchscreen and the “guard” switch frequently turns itself off to the point where the slightest accidental touch on the screen causes the phone to dial out. Thanks to Vodafone’s instant “£2 IOU credit” scheme I often found myself owing them money (despite my Pay As You Go tariff) for calls that I hadn’t actually made. I didn’t ask for the credit and didn’t want it. Personally I think it’s just another way for the phone company to screw money out of the slice of its customer base who are more pecuniary minded. So in the end, the last time I racked up a £2 “credit debt” I didn’t pay it off. Sod them.

That was possibly my mistake.

Because despite receiving a couple of phone calls earlier this week I suddenly turned my phone on one morning to find a “Sim card registration failure” message on the screen. A phone call to Vodafone revealed that as my mobile hadn’t been used to make any calls for the last 9 months they had decided the phone was no longer in use – this without checking – and they allocated the number (MY number) elsewhere. They would send me a new Sim card with a new number to reactivate the phone but my old number was now lost to me forever.

I have to say I am quite furious. I have my novel with a number of agents at the moment and my mobile number is all over the correspondence should they wish to ring me and make me an offer. The fact that they won’t is neither here nor there. It is sod’s law that this is the time an agent will bite and now won’t be able to get hold of me. Yes, they have my email address but you know… I’m thinking worst case scenario here: an agent who is e-averse.

How dare Vodafone remove my number just because I haven’t incurred any phone charges recently and do so without a by-your-leave or a thank-you. That phone is mine. I paid for it outright to make calls at my convenience not theirs. Overnight they have reduced it to a useless piece of plastic – which, if I had wanted such a thing, I would have bought a box of Mega Bloks (sorry – striking a blow for Lego).

I’m going to call Vodafone back (not from my mobile) and complain. I doubt it will do any good but my spleen needs to be vented. I’m now weighing up whether it’s worth the effort and expense to buy a new mobile tied into a different company just to spite Vodafone good and proper (like they actually care).

I suspect all phone companies are much the same but if any of you have any personal recommendations do please give me a call.

You have my number.

The Bookkeeper's Husband Writes...

Some of you will know of the illness that has plagued my wife off-and-on for the last few years. After Karen endured a second hospital stay earlier this year which resulted in her being signed off from work longterm we both realized we had to instigate a major rethink into how we go out to work, finance ourselves, keep the roof over our head, food on the table and the wolves from our door.

Plans are now afoot - for us both. Ideas are being swirled around in the wine glass of opportunity. Most of them are them are still at the very faint bouquet stage. Most of them might not mature into anything very palatable at all. But some just might; some may have legs enough to actually go somewhere pretty decent.

If I could be paid to mix-metaphors all day I'd make a small fortune but until then my wife has taken the brave decision to resign from the accountant's where she has worked for the last 7 years and start up a work-from-home bookkeeping business. Provided we get some regular work it will be an ideal solution for her: she's highly qualified, very knowledgeable but needs to work at her own pace in a relatively stress-free environment. Working for herself is definitely the way to go.

To that end we have spent the last few days placing advertising, printing business cards and designing a web site: http://www.brighter-bookkeeping.co.uk.

By our reckoning we've got 12 months to make this venture work - and then it's a return to the drawing board if it all goes pear-shaped. Hopefully, we're onto a winner, albeit a slow grower... but slow and steady wins the race.

So, cutting to the chase, I am temporarily hijacking this blog to sling a bit of free, totally partisan, completely biased advertising out into the electronic ether.

Please take a look at my wife's web site. Please bear us in mind should you be in a position to require a first class bookkeeper. Please pass our details on to your family and friends and work associates should they be in that same position. Web sites and business cards are all very nice but it is word of mouth that reaps the biggest rewards and we'd appreciate your help.

Here ends the Pearl & Dean advertising. Your feature film will follow shortly.