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I am trying to be better at paying my rent on time and in full. My landlords are wonderfully understanding, but I know they struggle at times.
I am unfortunately going further into debt in some ways: student loan plus my overdraft is getting bigger. I just increased it to £1,500 from £1,100. But, I am really getting a handle on my other debts. The two credit card debts that went to debt collectors have been halved. Brought down from £1,100 and £1,200 to £580 and £650. It's taken me nearly three years to do it though. I was offered the choice recently of doropping the levels of my payments in line with the reduced balance, and chose not to. I'll keep paying at that rate in the hope I will eventually pay the bastards off!
I can probably economise a little more. I am not careful with money, I live day to day, but I am trying to waste less food and eat before I go to uni, instead of buying food on campus.
Other than the possibility of my landlords getting into trouble with their buy to let mortgages, I can't see the recession having that much of a direct effect on me. Indirectly, I may be affected if it hits members of my family; my brother's line of work might be affected by recession. The only potential direct effect would be if the bank called in my overdraft suddenly...in which case I am right royally screwed:P
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