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drowing in debt and bills


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HELP !!

 

I need some suggestions on how to get above water! Does anyone care to share any ideas of how they overcame financial issues. Honestly I need to make more money or get a 3rd job. I already work part time and tried to get all the hours I can. I'm trying to stay on a budget but its getting harder and harder to do because its still not enough money Its really, really bad. Any suggetions???n I been in a financial crisis before but never this long!!!!

 

I just need to get back on top of everything and things would be so much better. My credit sucks so I cant get a loan..

 

Please give any suggestions they may have help you or someone you know.

 

PS. no I don't have any valuables to sell.

 

Thanks

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Get financial counseling. That's how we dug ourselves out of our mess. A good counselor will be able to come up with a plan of attack. It may include bankruptcy...but it may not. They'll review everything, advise where you can cut costs, etc.

 

I thought our resolution would of been bankruptcy. After meeting with our counselor it turned out that our plan was cutting all non-essentials (TV, internet, cell phone, etc), dropping insurance policies to lowest legal coverage and switched bank accounts (due to title/payday loans). Once we changed bank accounts sure we had a whole different can of worms that opened -- but the money saved on those payments helped bring everything current and then were able to square away the title loans (payday loans we never 'fully' repaid due to legislation that was passed) and purchase a house. The 'repair' process went from 2010-2013.

 

 

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Without knowing details of your situation it is hard to give any specific advice.

 

Basic general advice would be to take a look at everywhere you are spending money. Not just what bills you pay but where you are swiping your card or paying cash. You then need to take a really hard look at this list and figure out what is really a requirement, and what is a desirement.

 

For instance:

Groceries are a requirement, eating meals out or stopping for Starbucks are desirements

Basic internet may be a requirement (for job or education), but cable/satellite TV are desirements

Basic phone service is a requirement but that smartphone and data plan are likely desirements

 

It gets really tough to give up those things in life that we have come to expect, but if you are in a real budget crisis, it has to be done until your situation improves. Some desirements can't be immediately dropped due to being in contract and that makes the recovery longer unfortunately.

 

On the income side of the equation, ask yourself what you are doing to increase your employability in higher paying jobs. Are you in a position where you could move to somewhere with a better job situation? Are there any programs in your area that offer training for higher paying jobs that might interest you?

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bjk123

 

Thanks for responding.

 

I have changed some things already but some things like you said I cant because of contracts and other things. My favorite things are to eat out and do a little shopping which I gave up both for now until I get in a better situation. (stress level is high because of it) I don't mind taking my lunch to work but sometimes I cant even buy food for work. I will have to go back and record everything I spend again so that I know where to spend less so that I can spend in areas that need more.

 

 

I have been looking for a better paying job in the Accounting world is not easy. I have my Bachelors degree in Accounting but not so much experience to get the job that I feel I should haven or deserved.. I'm trying to increase my QuickBooks skills so that I can do some work on the side. I was in school for my Masters but I wasn't quite focus enough.

 

I don't mind being on a budget but its no room for error right now.

 

thanks again for responding.

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I have been in your shoes, I've had to do the sell plasma thing - thankfully only once since for me that was rock bottom.

I found that working towards the 50/30/20 budget rule really helped force me to be honest about what is and isn't a true necessity - I gave up cable tv eventually got a roku instead it's truly amazing how much money just trickles away without you really noticing.

 

I think a counselor is an excellent idea so long as you get a good one

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bjk123

 

Thanks for responding.

 

I have changed some things already but some things like you said I cant because of contracts and other things. My favorite things are to eat out and do a little shopping which I gave up both for now until I get in a better situation. (stress level is high because of it) I don't mind taking my lunch to work but sometimes I cant even buy food for work. I will have to go back and record everything I spend again so that I know where to spend less so that I can spend in areas that need more.

 

 

I have been looking for a better paying job in the Accounting world is not easy. I have my Bachelors degree in Accounting but not so much experience to get the job that I feel I should haven or deserved.. I'm trying to increase my QuickBooks skills so that I can do some work on the side. I was in school for my Masters but I wasn't quite focus enough.

 

I don't mind being on a budget but its no room for error right now.

 

thanks again for responding.

Go to YNAB.com and download their budget app. The way this works is unlike most of the others on the market, including Mint, Quicken and others. It is a zero-based budgeting program. Since you are an accountant, you have a head start in understanding the philosophy behind the program. You get 34 days' free access to the program to decide if it works for you. After that, it costs $5 per month. One of the best aspects of this software is that there is a robust and very active users' forum to help you get started. Many have said that this program was life-changing for them and worked when nothing else did. I highly recommend it.

 

Of course, this alone will very likely help you a great deal, but you also need to follow others' suggestions about cutting expenses immediately. Again, the YNAB forum is likely to be extremely helpful in learning the mechanics of the program as well as helping with the very specific aspects of a budget. Many others have been in your shoes.

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Thanks for responding. What is plasma????

 

 

Aside from being considered the fourth state of matter, it's also stuff in your blood.

 

http://www.donatingplasma.org/donation/what-is-plasma

 

A quick Goog search will probably (I don't know that it will) turn up local plasma donation centers that will actually pay you for your donations. BTDT, we fed our (now grown) baby girl a little over two decades ago by donating plasma a couple of times a week. Seriously, it's a good way to get a little extra $$$.

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  • 2 weeks later...

If accountung is what you wsnt to do get your foot in the door at an org you want to work for. take even an entry level posistion snd if you are good you may quickly advance. also look at account temps they will give you experience and if good you may get a job offer from it

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Cut back on groceries by learning how to shop frugally. I am not sure if it is just you or if you have a family but if you learn to stretch your meals you can cut back a great deal. bags of apples, oranges are great for snacks and you take them with you on the go at work etc. Oatmeal, Rice, potatoes, tuna, sweet potatoes are all cheap and you and use those to stretch meals. if it is just you buy a rotisserie chicken I usually can find them for $4.99 and you can use to make several meals. Put it in a salad, add it rice with some other veggies and a little chicken broth or water, SHredded and put in a casserole with veggies. THere are tons of suggestions online.

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