New....sigh...
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New....sigh...
| Tue, 11-22-2005 - 2:40pm |
Been lurking a bit today and decided to do some of the suggestions..ie...checking with credit card companies to see about lowering interest..no takers! They say you need to have at LEAST 6 months of on time payments. How can you do that if you can't even pay them in the first place? All credit card accounts are closed b/c we wanted to make it easier to pay them off and stop using them to pay the utilities and such.

I'm in a similar situation. We're making the same $ as you are and not able to keep up with our payments or even think about starting a family...which BAFFLES me! My husband was unemployed last year, which left me to tap out everything we had (we refinanced to get $ back from our home equity). He didn't realize the seriousness of it all.
Now, we're in over our heads with $20,000 of credit to pay back. He didn't quite understand how bad it was until I bluntly told him. He was upset with me cause I take care of the finances & I do spend a lot. I tried not to point the finger at him saying he was unemployed & I did everything I could to stay afloat...but it got to that point. The fight was because I kept our living standards as-is, instead of being conservative while he was unemployed. At the end of the conversation we just both admitted that we sucked at finances period. And I told him I'm the last person that should be running our finances, but since he doesn't, I try my best, but I freely admit that I suck. The conversation was a wake-up call. We're stuck in a corner now too. But at least I'm not the only one worrying about it. It's a relief. Before, it was "my problem", now it's "our problem".
HUGS!!!!
Becky
CL of 4th, 5th & 6th grade Scoliosis
We found out a few months ago after calling a credit counselor that we could save $400 a month on grocries alone. There were so many places for us to cut expenses. We hadn't ever set down to do a budget. It was such an eye opener for us. Have you really looked at what you're spending money on? Is there an area or two that you can cut expenses? I think the more money we make, the more we spend. Last year we were making well over 100K and still finding ourselves living month to month...but we had lots of "stuff". It's been so nice to get a budget going, stick to it and really enjoy the financial freedom of it. Best of luck to you, and please tell your dh what's going on asap.