Just my two cents. :)

Well, if it were me the first thing I’d do is stop investing for awhile. Not permanently but until the debt is paid off. I’d work my butt off to get $1,500 to $2,000 for a baby emergency fund and keep the house, cars, and utilities current and every one fed (cheaply) and gas in the vehicles.

You don’t say what your rent/mortgage is or whether the debts (lawyers, medical, tuition, lease fee and the dumb credit accounts) you listed are being paid on or languishing. If they aren’t being paid on, where is your money going?

Do you need all three vehicles? If not, sell one or two of them and put that money first into the emergency savings and then into debt. Just my two cents. 🙂

We have the emergency fund, and the house, cars, utilities are current. (Except for last month when the heat bill was HUGE and I paid half one paycheck and the other half now.

Rent is $2100 (ouch) for which my mother contributes $600 in exchange for room and board. Being a large family, housing has been tough and we are stuck in this location because of ex-spouses/custody limitations. Groceries are the bane of my existence – $250 to 300 a week to keep three adult and five growing teens fed healthy. And gas @$3.50/gallon and rising…. We bus to work.

I am paying small amounts on all debts and focusing on one at a time to make larger payments, but getting discouraged. We need two of the cars – SUV to accomodate the whole family for church and such, and one smaller car for driving to the park and ride for work and errands (SUV drinks gas). I am trying to dump the other car, but it does not seem to sell. Kids being teens will want to be driving soon, and I also don’t want them driving the SUV (too big, too easy to roll, etc).

I would get in touch with the student loans now, and make some sort of arrangements. Because they can and will come after you with a vengenance, and they don’t care about other obligations, they are getting very aggressive. But if you get in touch with them now, there are things that can be done.

I have some questions for you

  • Do you also have credit card bills?
  • Is the daughter (who moved back) a college graduate?
  • Does she work full time?

I have some questions for you, so I and others in this blog can get
a better understanding of how to help.
As the more significant thing, if she is still living in your home, how much the bills do you make her foot? After all some of it should be her responsibilty as an adult (it would be if she lived somewhere else) She can be helpful, knowing that if she isnt, she won’t have a place to live soon either.

What other annoyances happened that caused this major mortgage problem. For that amount of financial stress, my intuition tells me they were more than just little annoyances. There is plenty of great advice to get here at this blog -it takes guts to seek help and advice for financial problems. Most of us have been there and can relate!

Well, that’s similar to the message I have been hearing on the news.
Now that gas prices are down consumers will “help the economy” and buy more.

The price for regular in this area is still $2.84. That’s better than over $3.00, but still high. Even if gas prices dropped drastically, I am not going on any spending spree.

I helped the boy scounts this moring and stopped at thier yard sale. Got a brand new desk lamp for $4.00. It actually takes a 100 watt bulb, unlike many new ones that only take 60 watt or less. Also got some good hardback books.

There have no credit card bills! We paid them off and cut them up when we bought our house almost two years ago.

My daughter just finished her first year off college. She went out of state to attend college. She was like every child and couldn’t wait to get out on her own. She missed home more than she thought and during spring break came home to visit and mentioned she wanted to move back and go to college locally. The few weeks following spring break two girls had been raped. The last incident made my daughter hysterical and we had her on a plane the next day. My daughter is working now, but is trying to stay under full time so we can keep her on our insurance and we won’t have a problem when she returns to college.

As for the annoyances, before my daughter came home we had issues with the septic tank that used what savings we had and then some. There was then the plane ticket to bring our daughter and her belongings home, then my other daughter needed all four wisdom teeth pulled, then my son decided to peel the stripping off the refridgerator door and that had to be replaced, then add the fact it’s summer and utility bills just about doubled and being one month behind they are astronimical, out of state family visiting and we had to keep groceries in the house…….see where I’m going with this? lol

We haven’t been spending our money foolishly, just a series of things one on top of another and now school has started and we got the must haves to get them in school. We are now three months behind on the mortgage and juggling utility bills to keep them on.

That’s my story in a nutshell. My husband is employed and makes a good salary, we were living paycheck to paycheck fine and able to set aside money for our savings. It’s just difficult to build an adequate savings in less than two years. The little annoyances aren’t bad when you have a savings but when there isn’t anything there……

We have thought of borrowing money from family but at 40 and 45 years old, it’s embarrassing. We sit in this beautiful new home and I’m sure somebody would be rolling their eyes at us. I’m positive at this point our credit is ruined and haven’t even bothered going to a bank to see about a personal loan. The house being less than two years old has no equity, anyways.

Taking care of your grandmother is a good and noble thing

Hi, how is everyone? I’m Emily & I’m new.

I joined because I am so desperate… Money has me so down I just want to die.

I lost track of my debt since it’s too troublesome and too depressing to make an effort to keep tabs on… it’s somewhere between 7 and 10 thousand. I haven’t made payments in a year or so, and that was on the consolidation plan I had then. I’m only 21 and now I am crewed for life and have no way to go to college or maintain any quality of life. I need a loan but it seems like to get one I’d have to give my legs for collateral. I need help. I am SO desperate! I want to know that there is something out there to help me somehow and I want people to help me figure out what.

Well anyway, this is me. In a busy group it’s hard to keep tabs on messages. There are too many, especially to a busy person like me.
But I try when I can.

Well I don’t know what else to say. Thanks & bye for now.

Let me tell you a little about me because I know how you feel. I live in New York and since the towers fell the employment market here has never been the same. I have been out of work now for almost six months and no prospects are on the horizon. They keep saying that its getting beter but there are so many of us out of work.Work was how I identified myself. But since I have been unemployed I ave found that the 9 to 5 is not who I am. I have discovered new and old interests   have forgotten. I keep searching because I still have to eat and pay rent and uch and I don’t know what else to do.As for you I think like the other memeber of the group said worry about the creditors later; do you and your granmother first. If you feel the need, contact your creditors in writing and tell them your predictament and see what they offer. If it is still something you can’t manage let them know that in writing and then let go and let God. Your focus should be on meeting the essentials (food, light, heat, housing etc.) and getting on your feet.I think expressing yourself here is a good thing to do because when you talk out loud about something your worried about it doesn’t seem so big anymore.

You’re in my prayers and keep writing to the blog I think it can be
a good resource for us both.