major life decisions help!!
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major life decisions help!!
| Tue, 02-23-2010 - 3:37pm |
I've posted here before, but it's been awhile. Long story short, I just want to know the best plan of action. We have CC debt and are paying it through MMI, a Credit Counseling service. They have gotten our interest rates lower and payments lower. But, we still pay them $380 every 2 weeks. It's really hard. We also have a mortgage of $3220 a month. I am wondering if we just get out of the plan with MMI and negotiate with the CC companies, maybe they could give us better payments. I have one CC that is not on MMI and they said they would take my payments I offered after I was behind a few months. So should I let the cards get behind and just deal with companies directly? The payments are killing us. We make good money..about $180K a year. But we have so many bills! Now we found out we owe on taxes too.
I could work more, but we have 3 kids and I don't want to be away from them a lot. I am also considering taking a loan from my 401K to help get by....and we also have a bathroom project that needs to be finished. We have late charges on our mortgage too. I am trying to deal with them about getting a hardship modification to our loan, but I think our income is too high to qualify.
Also, we send my husband's Goddaughter to private school, and he won't budge on that issue. I just want to get my money priorities in line! Our youngest daughter is starting school in Aug. We also want her to go to private school. I feel odd doing that since we have a lot of debt, but we feel it's important. I know the house payment is the most important thing, but I'm not so sure about what to do with the CC debt. What would you do? Take a loan out? I know there are people losing their homes, so I try to stay positive but it seems like all I think about is our financial situation every day! I'm ashamed that with such a good income we haven't managed things as well as I would have liked. We have lived above our means. We are not charging any more.
Sorry this is so long, but I'm at my wits end. all I do is worry about what to do, which thing is most important to pay for, etc. I think the house and the kids school are top of the list....along with food and utilities of course.
help, please be gentle with me as I am very depressed about the whole thing. I'll try to be open-minded with any advice. My main concern is the CC debt and not feeling guilty about private school. My oldest 2 are in public,, they are in 8th and 10th grade (from my first marriage) and they have no interest in changing schools. so, just an FYI... my current husband went to private school and wants our daughter to as well. Now if my older ones wanted to go to private school, i would somehow do it.
What would your priorities be? I'm almost ready to say to "he@#" with the CCs!! But I know that's not right either.
I could work more, but we have 3 kids and I don't want to be away from them a lot. I am also considering taking a loan from my 401K to help get by....and we also have a bathroom project that needs to be finished. We have late charges on our mortgage too. I am trying to deal with them about getting a hardship modification to our loan, but I think our income is too high to qualify.
Also, we send my husband's Goddaughter to private school, and he won't budge on that issue. I just want to get my money priorities in line! Our youngest daughter is starting school in Aug. We also want her to go to private school. I feel odd doing that since we have a lot of debt, but we feel it's important. I know the house payment is the most important thing, but I'm not so sure about what to do with the CC debt. What would you do? Take a loan out? I know there are people losing their homes, so I try to stay positive but it seems like all I think about is our financial situation every day! I'm ashamed that with such a good income we haven't managed things as well as I would have liked. We have lived above our means. We are not charging any more.
Sorry this is so long, but I'm at my wits end. all I do is worry about what to do, which thing is most important to pay for, etc. I think the house and the kids school are top of the list....along with food and utilities of course.
help, please be gentle with me as I am very depressed about the whole thing. I'll try to be open-minded with any advice. My main concern is the CC debt and not feeling guilty about private school. My oldest 2 are in public,, they are in 8th and 10th grade (from my first marriage) and they have no interest in changing schools. so, just an FYI... my current husband went to private school and wants our daughter to as well. Now if my older ones wanted to go to private school, i would somehow do it.
What would your priorities be? I'm almost ready to say to "he@#" with the CCs!! But I know that's not right either.


















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"You can not depend on cs, there are too many non custodial parents that don't pay, or don't pay the full amount."
You've got that right! My CS money is not included in my budget at all! I can't depend on it, I
Unfortunately, I have to agree with the child support statement as well.
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