Love fashion but spend too much?
The hit 2009 film “confessions of a shopaholic” starring Isla Fisher may have hit a nerve with many people that love fashion and love to look their best in the most current trends. Young journalist and recent graduate Rebecca Bloomwood played by Fisher, clad from head to toe in the designer attire makes it into her dream job for high-profile fashion glossy "Alette". She is however under pressure because her expenses greatly exceed her budget, she has maxed out all of her credit cards and she is avoiding calls from credit card companies and debt collectors chasing her for payment. Burying her head in the sand, Rebecca Bloomwood goes into denial about her credit card debt situation. One day however she decides to do something about it. This tale may hit a nerve with many people in more ways than we may like to admit. It is remarkably easily done. Apparently in the UK, total credit card debt in November 2016 was £66.7bn. Per household this is £2,469 for credit cards only. For a credit card bearing the average interest, it would take 25 years and 6 months to repay if you made only the minimum repayment each month (http://themoneycharity.org.uk/money-statistics).
Abi the fashion blogger