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Current status of my debt problems

I hate debt. I really do. After this is over. I am never going to fall into debt again. I have banned my self from ever taking a loan again. Even for an house. Currently I have managed to get my debt under control in Denmark. This means that I can pay an lower amount each month until the debt is over. The first debt that I finish paying up is going to take place in August 2013. The second on in June 2014 if nothing changes. I am only going to change it so I finish sooner. Not the other way around.

As things currently stand. I am going to finish paying off the debt that I need to pay off right now in June 2014. I do still have debt in Denmark. But I am going to pay it up in whole (9000 DKK) once I have paid everything else up. Since this is an danish Kommune loan that I got there and it is interest free for 5 years. At least that I have been told so far.

My debt in Iceland is bigger. But I am now managing it in the way as I now manage all my debt. With my current plan I am going to be finished paying that off in October 2016. I do hope that I can speed those payments up soon as possible. Since this is a overdraft loan and they carry high interest rate.

Current status in general

With my debt in order this should start to get better. However this does not leave me with a lot of live on during the month. But it is still better then what I have had to deal with during the months of January to March 2013. It at least leaves me with something to buy food with during the month. Not a lot, but something. I take something a lot more then nothing any day of the week.

As for March 2013. I have gotten few donations (thank you!). But I am not sure that if it is going to cover all of my food cost this month. But I have prepared for the worst and I am now hoping for the best.
I am also getting my money back from some service that I have now cancelled for good. When that money comes I do not know. I might well have to wait until April until I get it.

Update 1: I now have got repayments from the service I did cancel. This is not a lot of money. But makes the rest of this month a bit easier.

e-Books

I offer anyone how wants an e-book after they have donated to me. But you have to let me know. Some people might not want an e-book from me for there donations. So just drop me a email with the subject line “e-book” and your paypal donation email address if you want an e-book from me for your donations. Thanks!

I am trying to work hard writing books and short stories. But I find it bit hard with all this money issues. It is going to get easier since I have managed to take control of my debt issue.

Google Adsense

I have finally been approved again into Google Adsense. This means some replacement of advertisement. I am still going to have Amazon advertisements on my blog and English part of my webicorder web site. But I can only have it on part of my blogs, since Google Adsense does not support the Icelandic language (I also blog in Icelandic). But this means better income for me again when something happening. What I have learned from is this. Never do something hasty as I sometimes do. I am not going to remove my Google Adsense account again in the future. But I am going to limit it to my English blogs only. Icelandic blogs and webicorder web site are going to remain Amazon advertisement only.

Blog post updated at 08.03.2013 at 15:31 UTC.
Blog post updated at 12.03.2013 at 00:39 UTC.
Blog post updated at 12.03.2013 at 03:47 UTC.

Update 4: While it is only 5th March. I am seeing into the issue of not being able to buy food this month after my last bill has been paid. Sad but true.

As always I need donations to keep up running in March. My financial issues are improving. Mostly because my debt in Denmark is dropping at rather fast rate. The problem however is that my debt in Iceland is increasing instead. The main reason for this simple. My income from Iceland is small. Both by Icelandic standards and Danish standards. Icelandic Króna and Danish Krone exchange rate (cb.is) also play a role in my problems today.

My debt problem is also a issue when dealing with this little income. As it makes it harder for me to pay everything that I need to pay (even if I do not spend on anything at all). My total income in DKK is just 7.298,60 (today exchange rate), €978,88. This is how it has been for me during the past 3 months (4 months if counting December 2012). With February 2013 being the worst of them all. Where I was about 5500 DKK in bills that I was unable to pay. But I did get a little help from the bank and I got a loan from mom and dad (more debt) to pay the electric bill after asking the electronic company to delay the payment (that did cost me 100 DKK + around 15% interest rate) until 1. March. But I did pay the electric bill in February so that is now finished without any major issues (more debt).

I have cancelled my cable subscription. It was of no use to my and did only cost me money. I have also cancelled my simnet.is account, so anyone using that web address should update there bookmarks. Since the new location of my webicorder web page is this one here.

Update 3: I have managed to get the loans that I have in such way that I now pay lower amount each month over longer period. It is not ideal solution for me. But it is a solution that works. Since I can now pay it and not have any issues with the payment as before. This should apply in full from May, but in part in April. I just have one bill left to pay (hot water, it costs 450 DKK). But once that has been paid. I have nothing else left. No money for food, or at least extremely little money to buy food (I am not sure yet what is going to be left when the time comes). I have taken steps if that is the actual result so I do not starve in the month of March. But this is not going to be easy for me. Far from it.

I have also made up my mind. Never again shall I get into this type of mess. I am going to pay my debt and this is going to be the end of it. I am never going to take a new loan again. This rule is going to be valid for the rest of my life from now on. I am going to finish paying what I owe the bank, the Aabenraa kommune and my mom and dad. Then this is going to be the end of it. I am also going to do my best to increase my income up to a proper level so that I am not having money issues all the time.

Status of March 2013

My current status of March 2013 is that I do not have any money to pay for food. I did manage to pay all the bills by increasing the debt a little (again). But I am not sure if I can do so again in April. Since my bank in Iceland is already higher in debt then I want to have it. I hate this types of issues. I really, really do so.

Amazon advertisements

Amazon advertisements work by sale. Not by click. So if you want to support me via Amazon then you have to buy and ship something too you. Returning something later does not work. Since then it is just deducted away from my sale income at Amazon. I get 5 to 5.50% of every sale. Sometimes I get 10% when there are offers ongoing.

The month of April

The month of April is the last of the big money problem months (according to what I have been seeing. I hope that I am correct). But I am already at the end of what the bank can help me with. At least I do not expect any help from him in April. Since according to my electric bill. The last payment on my washing machine + blu-ray player is going to take place in April. My last payment on my glasses is going to take place in May. The reason for the last payment on the washing machine + blu-ray player is in April is the fact that I seems to be paying quarterly amount every month now. Not just monthly amount as I would expect to happen. Why that is I do not know. But it is creating this issue. While I am paying down my debt faster. It is also creating the issue that I am having problems paying all of my bills and have something to buy food with. Currently I have no money to buy food and I am still having with the bills in April. But if that is the last payment in April. It is clear that April is going to be difficult if I am not able to increase my income.

Update 2: I am hoping to resolve the issue of April by having the amount I have to pay down the loans I have over a bit longer period then they are now. That is the only thing I can do at the moment. I do not expect it to be a problem with the companies in question that I have debt with. At least I hope so.

Update 2b: I did manage to get a better payment on my loans here in Denmark. In all cases the payments are now monthly, not every 2 months as before. This means I now pay lower each month until the payment is over. For the glasses I did buy the payments are now over longer period of time and at the same time lower. This makes things easier for me in the long run. If I have any extra income. I am going to focus it so that I can pay down my debt faster. But my debt (not my bills) is the source of my money problem. This I am going to resolve as I have sad before here on this blog post.

Job searching

I am continuing to search for a job here in Denmark. I am looking for any type of job at jobnet.dk. Be it temporary or permanent one. Anything to increase my income is welcomed by me. Even if it is a hard job for me and takes away me time from writing. That is just how it got to be.

Update 1: I did just apply for a temporary job. It is not a lot. Just weekend job for 2 x 12 hour shifts. I do not know if I get it. But I really hope so. It is not a job that require any special education from the description of it.

Writing books

I have sad that I am going to give people who donate to me ebooks. I am going to keep it. Be that short stories or whole books. But it takes time for me to write those stories. But so far I have finished a re-write of a icelandic story that I did write in the year 2003. The original story was a mess. So it was easier for me to write it up from ground up again. Anyone how has donated in Iceland and reads Icelandic gets this story. When I am finished translating it into English I am going to send it to those how have donated and want ebooks from me. Just let me know in a comment here.

Donations

Donations help me keep this running. Donations also help me keeping my self running since I am on low income at the moment. I do not know if any book sales is going to change that. But at least I hope so. Thank you for the support as always.

This blog post is sticky. Too see the newest blog post, please look at the blog post below this one.

Blog post updated at 02.03.2013 at 03:00 UTC.
Blog post updated at 02.03.2013 at 03:24 UTC.
Blog post updated at 02.03.2013 at 19:30 UTC.
Blog post updated at 04.03.2013 at 16:29 UTC.
Blog post updated at 05.03.2013 at 02:48 UTC.

This blog is free. But running it is not. So I ask for donations to keep it going. Along with having advertisements on it from Amazon. There are two types of donations that people can use. The regular one. Where people can donate from 10 to 50€ monthly or 100 to 500€ once a year. It is also possible to donate free amount with the regular donation button. Every donation helps me running this web site and doing my job properly in keeping everyone up to date on what is taking place in Iceland.

Amazon advertisements

I did stop using Google Adsense in start of February 2013 when I planned going advertisement free. But after I got pointed out that might not be such a good idea. I added advertisements again to this blog. I was unable to get back into Google adsense for the reasons of not having enough content on my blog (no other reason given). I have a new Google adsense account. But that is just for my youtube channel so I can maybe make money of my youtube videos (I am not sure that is going to work in real terms. But I can always hope).

Unlike Google Adsense. Amazon advertisement works by sale, not by click or page views. This means people have to buy something so I can get any money from it. But I get 5.00 to 5.50% of the sale price. Sometimes that can go up to 10% of the sale price. Price of the product being bought does not matter. I always get this part of the sale from Amazon if people buy it from the Amazon advertisement I have on my blog(s) and webicorder web site. I setup Amazon advertisement based on where the traffic is coming from and I am going to rotate them regularly.

This blog is now advertisement free (all my blogs are now advertisement free). I did do this since advertisements where not really giving me high income. They where also taking up a lot of space on my blog and influencing the loading time of this website for people. I am instead going to relay on donations from people to keep this blog running. But I have to deal with some cost running this blog and my webicorder network in Iceland.

As always. People how donate get an e-book from me when I have something ready on that front. But it takes time for me to write books. As I have to allow creative matters work on it’s own when it comes to ideas and such things.

Being in problems because of bills is no fun. This is making me depressed because it has now reached the point that there is no way out for me (at least for the month of February 2013). I can’t get a loan to cover this month anywhere. Not in my Icelandic bank (I got loan there up to the top since this is a long running problem I am having) and not in my danish bank (they say my income is too low). This problem that I am now having has it’s history and now I am going to tell it. The time period from December 2012 to February 2013 has so far been the worst. But I was able to keep December 2012 in order with help from the bank in Iceland (the last of it). I did cover in my last blog post also why my current problem is in place.

In July and August (2012) I got hit by a tax bill from Iceland. Due the fact that I had some extra income during the year of 2011. This tax bill was about 245.000 ISK (about 10.429,53 DKK, 1.398,00€ current exchange rate). Tax payments in Iceland are repaid from the period August to December. I did spread this out over 12 month period to ease my payments. That has worked to limited extend. But payments and keeping up with bills have become increasingly more difficult for one reason and only one reason. This reason is Icelandic Króna and it’s ever less exchange value in Danish krone. Today (30.01.2013) the exchange rate is for example 23,345 ISK = 1 DKK. This for instance just leaves me with 6.790,94 DKK in total income here in Denmark. Accounting for bills that I need to pay in Iceland. I just got 4.256,95 DKK to pay my bills in Denmark. Not accounting for money that I need to have so that I can buy food. I need to pay bills for 9021,45 DKK (1,209.22€) in February. It is clear that my current income does not cover this. Not even close.

The reason why my bills are so high this month is because that my electricity bill and cable bill (yousee.dk) did come this same month. But they are paid every 3 months. I had asked Sydenergi to put my electricity bill on monthly basis. But for some reason that did not happen at all. I am now checking why that is. But asking for monthly bills instead of every 3 months makes the amount lower and easier to pay it. While I am on this low income at least.

It seems that February is going to be the worst month out of several bad months (until July from best of what I can tell). But this is far worse then I did expect. Mostly due to bad status of the Icelandic króna exchange rate. For the next few months my debt is going to drop. Here is what I finish paying up this year. I am cancelling service I do not need. Like my tv cable service (yousee.dk), as it turns out that I do not use it and I can get many tv stations free over my satellite dish anyway and with normal antenna also.

Here are the payments that are going to end in the year 2013.

New glasses; In May 2013.
Washing machine; In August 2013
Tax bill; In July 2013.

This only leaves my overdraft in Iceland and Boliglån from the Danish kommune that I got in September 2012. It is going to take me the longest time to pay down my overdraft in Iceland. As it is now 635000 ISK (27.031,63 DKK, 3.623,40€). I now estimate it is going to take me around 2 years to pay it down. The boliglån I got from the kommune is just 9000 DKK. I am going to pay that down in about 9 month period when everything else has been paid up that I owe in the Icelandic bank.

I am going for debt free again. Since I find that the best way to live. Loans are just for emergency in my view and nothing else. Since they are expensive and nothing good comes out of them at all in my view (debt running is not smart in my view).

Any donations can help me now. But I am not sure if that donations are going to reach the 9000 DKK (1,209.22€) that I need for this month. But my Icelandic bank suggested that I would just skip paying few bills. But that is not something I want to do. As that just leads to more problems, more issues and I am not interested in going that route. What happens in February 2013 I am not sure of. But this is going to be a really bad month for me from the looks of it. I am going to continue to hate my life because of this. Since I hate issues like this and I have always hated them. But sadly. There is little that I can do to change them at the moment. I did buy Onsdags Lotto. But given my luck. I am not going to win anything at all for now.

Thanks for the support.

Update 1: In order to fix my money issue permanently. I am going to go and get a job in Iceland during the period June to November (or around that time). I do this in order to pay up my debt in Iceland. I am however not going to move back to Iceland. I am not expecting that I should need to work any more then this. As after this time period. I should be free of all debt and my issues should be solved (at least that is the plan). Update 1b: Well. Maybe. I might not have to go trough with this plan. It remains to be seen what happens.

Update 2: Unless something changes I have to follow that plan in update 1 trough. But I am bit doubtful that the change needed for this is going to take place. As what needs to change is that my income needs to increase from what it is now. But I can always hope.

Update 3: Currently my account at Sydbank stands in -3.512,25 DKK. I still have two bills to pay. The cable service (that I am going to cancel in March, 30 day cancel period) and the hot water service.

Update 4: If I can get to 0 DKK on my Sydbank account then March is going to be a lot easier and from the looks of it. Not a problem. But if that is not successful. March is going to be be a problem and perhaps also April (too early to tell at this point). All I can ask for is donations at this point.

As for the end of this finical crises of mine. It is close. I am planning my way out of this. Slowly. But all donations help me dealing with this issue that is annoying the hell out of me. I do not want this. Far from it. In fact I hate this and I never want to experience this again. But I need to solve the issue at hand, it does not solve it self. There are two bills left to pay, the yousee.dk cable bill (going to cancel it in March) and the hot water. The tv cable bill is 2225 DKK and the hot water is 450 DKK.

Update 5: I am thinking about making this blog and all of my other blogs donation only. That would also include my webicorder web sites. But I would like to hear from my readers about this. The reason I want to do this is simple. If people want to donate they can do so. I continue to maintain this blog and my webicorders without any issue. I also have issue with the fact that I do not get that a lot from advertisements. It took me about 6 months to get enough income from Infolinks to reach minimal payment threshold. Same goes for Google Adsense. That takes me up to 2 to 3 months until I can get any payments from them. This is due to low traffic on this blog (and all my blogs at the moment).

I am going to make my desisons on Monday 4. February 2013. I am going to post the result in a special blog post. I rather want to go free of advertisement rather then not. This would mean that I remove all advertisement on this blog and my webicorder web pages.

Update 6: This blog is now advertisement free. I now trust on donations to keep this blog and my geophone network in Iceland up and running. See more details in this blog post here.

Update 7: Nothing is going as planned for me and I cannot continue to run my self in this loan and minus setting in terms of my financial health. So I am going to use my emergency plan. This means I am going to move back to Iceland in May (there is a 3 month cancel period on my apartment). I hate to do this. But I can’t run my self financially like this forever, in fact. I can’t run my self financially like this at all. I am however not going to give up on living in Denmark. I do need different approach to do this however. That approach being that I need to get off social benefits soon as I can and stay off them forever. Since living off them in Denmark is clearly impossible and is going to remain impossible for nearby future.

I am going to cancel this plan. If I can get a job in Padborg. That might well happen. If that happen. That makes me happy for sure.

Update 8: Getting a job is the only way for me to stay in Denmark. That is how it has to be then so be it. My writing may be a less instead here on this blog. But my current status does not work and is never going to work. So this is what I have to do. I am going to do it.

Update 9: I am searching for a job now. Since I want to stay in Bov, Padborg. I am also searching for a job in Germany both Flensburg and Harrislee. If I can’t find a job in my area of Denmark.

Blog post updated at 31.01.2013 at 01:23 UTC. Minor text fixes.
Blog post updated at 31.01.2013 at 02:12 UTC. Minor text fixes.
Blog post updated at 31.01.2013 at 17:42 UTC. Update 1 added.
Blog post updated at 01.02.2013 at 00:05 UTC. Update 2 added.
Blog post updated at 01.02.2013 at 00:17 UTC. Update 2 fixed.
Blog post updated at 01.02.2013 at 16:27 UTC. Update 3 added.
Blog post updated at 02.02.2013 at 13:32 UTC. Update 4 added.
Blog post updated at 02.02.2013 at 15:56 UTC. Update 1b added and update 1 deleted.
Blog post updated at 03.02.2013 at 01:54 UTC. Update 5 added.
Blog post updated at 03.02.2013 at 15:22 UTC. Update 6 added.
Blog post updated at 04.02.2013 at 21:30 UTC. Update 7 added.
Blog post updated at 04.02.2013 at 21:39 UTC. Update 8 added.
Blog post updated at 05.02.2013 at 22:00 UTC. Update 9 added. Update 7 in part removed.
Blog post updated at 05.02.2013 at 23:09 UTC. Update 4 deleted in part.

As always this months. I am broke after paying all my bills. I have explained this before. So I don’t see any reason to do so again. But what I can add is that I am working hard to fix this (with the help from my bank as can be helped. But this is a long standing problem at the moment and my bank has limits). But this progress is far from easy and I am doing my best in this regards.

The case now however is that I have no way to reach my budget ends together this month. In fact. I am not sure even how I am going to buy food this month. I am being serious on that.

Thanks for the support! 🙂

Update 1: Thanks to donations I won’t starve this month as I was afraid of. But this is not the greatest food budget ever either. But I hope that it is going to last all of January or close to it. I am close to Germany (It is just a bus trip to Flensburg). So I can go there and buy food more cheaper then in Denmark.

Update 2: I have made this blog post a sticky on the front page. So it won’t go down when I post new blog post. This blog post is going to be a sticky until end of January.

Update 3: I got a complaint about this blog post today. I wrote blog post about it. I called it, Why don’t you just get a job?

Update 4: I got a comment today (link to comment in the blog post). My view did turn into a blog post that I did call, Writing is a job and it is not easy doing it

Update 5: January 2013 was bad for me in terms of bills. But February 2013 is going to be terrible. In short. The amount of bills that I have to pay is higher then my total income during the month. Yea, this is how is to be poor. I am looking into taking a loan here in Denmark to cover my monthly cost this time. Since loans in Denmark are more stable in terms of interest rates and payments then in Iceland (interest rates go up in Iceland and is a lot higher then in Denmark).

Update 6: I might even have to start searching for a job. Even if that is going to cut into my writing time on this blog. I just might not have any other option right now.

Update 7: The Oatmeal tells about it what it is to create continent for the internet. But that is exactly what I am doing here and on my other blogs.

As for Icelandic geology. It is all so quiet at the moment. Nothing to report at the moment.

Blog post updated at 15:03 UTC on 10. January 2013.
Blog post updated at 15:14 UTC on 12. January 2013.
Blog post updated at 21:34 UTC on 19. January 2013.
Blog post updated at 21:50 UTC on 23. January 2013.
Blog post updated at 15:59 UTC on 25. January 2013.
Blog post updated at 16:07 UTC on 25. January 2013.
Blog post updated at 02:17 UTC on 27. January 2013.
Blog post updated at 02:33 UTC on 27. January 2013.