Rhiannon Ingle
We've all pushed the boat a little too far out and probably been guilty of the whole 'treat yourself' excuse every now and again.
But one woman took her spending to a whole new level to the extent she declared bankruptcy aged just 24 years old after going on holiday as you 'only live once'.
The Aussie, who goes by Chantelle online, took to TikTok to open up a little about her financial situation and what she plans to do going forward. Have a look:
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Chantelle began by telling viewers: "I'm 24 years old, and I'm bankrupt.
"If anyone out there is considering bankruptcy, I'm gonna tell you my story and how it's helped me and I hope it helps you make a decision."
The woman went on to admit: "When my partner brought up that I should go bankrupt at first I was so against it, and I was like, 'Absolutely not. Like, I'm just going to power through and I'm gonna just scrimp and save and, you know, in seven years, it'll all be gone'.
"But at the end of the day, it's not really best, all the time."
Chantelle revealed in the TikTok she was '$75,000 in debt' which she acknowledged was 'a lot for one person' and told news.com.au she racked up the colossal amount after losing her job.
She said that she took out a loan to go on an international holiday with her boyfriend and assume she’d be able to pay it all back when she returned home because she’d work overtime, but things fell apart when she fell ill.
"I didn't have a job for a while, and I was struggling to find a place to live because it's hard to rent, especially if you don't have a job, or savings, or family or anything to help," she continued.
After calling the banks, they allegedly gave Chantelle 'useless options' who added: "That would just pause it for like a month or two, and then I'd have to pay double so it's not helpful.
"Most of the debt was two loans, both about 35,000 each, and then I had a few credit cards as well."
She called the repayments process 'impossible'.
Chantelle recalled: "I wasn't getting anywhere. I would use money from one to pay another and then just, you know, the interest alone a month - I'm paying for nothing.
"And it was so frustrating and I was really upset."
For the TikToker, the 'breaking point' was when she thought to herself: "Look, I'm gonna live only once. I'm gonna die one day, who cares if I was bankrupt, no one cares. It's my life.
"And I can scrimp and save and be miserable for the next seven years and then, you know, start from zero again or I can have it all gone now and start fresh now and enjoy the next seven years of my life."
"So, you know what, f*ck it," Chantelle finished up. "Why not? You know? And I've learned my lesson, and there's repercussions of that but do it for the f*cking plot."
She concluded: "Honestly, why not? At this point, do whatever makes you happy.
"And if that's going bankrupt, f**king do it."