I have bad spending habits because of debt.

In the past I have never really had any debt. I was a saver. When I started my company I had just toured through Florida for a month and when I came back I still had just a little over € 10.000 saved up to start my company.

I was good with money! Not an investor but I always had more than enough money.

My friends never had any money to go on holidays or we had to do real budget resorts and stuff.

I’ve worked every holiday when I was still in school to have some extra cash for the trip. Even though I had plenty of savings. Just didn’t feel right to spend that money.

My parents were frugal when growing up so I learned from the best. That’s probably why I’m perfectly fine living of the budget I have now. I’m accustomed to it.

But ever since I accumulated debt I changed my spending for the worse… I know it’s totally my fault but it feels like the “system” is pushing you there. And it feels like I have no other option than to do this. Which is not entirely true.

Let me explain what I mean.

This bleeds into the fun fact that I shared yesterday.

Whenever I have more than € 300 on my bank accounts combined. The IRS swoops in and takes it all within a few workdays. Sometimes within a day. Other times within 3 to 4 days (more common).

So whenever I see that I have money in my account I start to panic.

I have to get rid of it asap or else it will be gone forever.

This is such f-ing bullshit. I don’t want to approach money that way. Subconsciously I’m teaching myself that it’s bad to have money because when I have it I start to panic.

I’m also happy that the money is there obviously but I do some weird spending to get the number down so that they won’t take it away.

How f-ed up is that…

My bankaccounts don’t feel safe anymore. And the main reason to have a bankaccount is so that your money is safe right? Because you don’t do it for the interest which is 0,05% right now.

I’ve actually been getting into more debt because of debt but that stops now! I’m sick and tired of this bullshit but don’t really have an alternative yet.

I could setup a new bankaccount but they would probably raid it within a few months. I can convert everything to cryptocurrency. They might not be able to get to that yet. Or go to the ATM until I have everything in cash.

Do you guys have any other ideas?

No updates for the balance but here it is anyway.

Day 27 balance:

Expected expenses today:
Food

Expenses yesterday:
Personal:
€ 0,00
Business
€ 0,00

Expected income today:
Some

Income yesterday:
€ 0,00

Wallet:
€ 10,55

Current balance personal account:
€ 23,14

Current balance business account:
– € 24,35

Total:
– € 1,21

– IRS: € 46.534,16
– Business: € 22.005,03
– Personal: € 8.669,58

Total Debt:
€ 77.208,77

Balance day 27:
– € 77.209,98

€ 5.170,00

Cheers,
David

Currently reading this financial book:

The Millionaire Next Door: The Surprising Secrets of America’s Wealthy

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