 Am I on the right track finanically? |
Have a 401k plan at work,
Opening a savings account at a credit union. What purpose will this serve other than to save for emergencies?
When I have enough money, I will open a ... |
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 How does everyone do it? |
| I just would like to know. I live an average lifestyle, I drive older cars (1999) but they are paid off and no credit cards but one for emergencies that only has a $200 balance. I have no new debt ... |
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 Credit Cards? |
| Hi I have a questions here i lived in Singapore and i have credit problems hence all my credit cards applications was rejected. is there anyway that i can apply a credit card? as i need a card for my ... |
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| Will my check bounch ???? |
| If I was to write a check Sunday would it get to the bank before Tuesday the 3rd ???? can some one please tell ... |
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 How can I get rich?? |
| Im a 25 yr. old girl that is a bartender.....I make ok money but I need something else.... Im struggling I just bought my own house a yr. ago and its 1200 a month. Am I crazy?? I don't want a ... |
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 If I am 18 will I be able to get an auto loan for $6,000? |
| It's been about five months since I've had a job and I just now got my summer job so I will have a paystub in two weeks. I totaled my car and need a new one. My family can afford a car we ... |
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 UK: Are banks into lending peeps money at the mo? |
I've got a "Customer service review" appointment on Saterday I don't want credit but a loan!!:-)
Additional Details
No beer for me till after then!... |
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 I'm getting a new ATM debt card in the mail,it was sent out last Friday 7-20,i need to give my gym the card# |
| I need to give the gym my new card number so that I can pay my dues.I called to leave a message for the buisness manager at the gym.The person who took the message,could transfer me to the person�... |
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 My roommate lost a check I wrote him? |
| I wrote my check for $85 that i owed him...anyway he lost it somewhere and wants me to write him another one...i have no problem with this I trust him completely so i dont care about that...what I am ... |
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 Need to find way to make money.? |
Hey.
I'm a 15 year old kid who is trying to save up for a car kit. The car kit cost's $25,000 total, and I've been trying to figure out how to make that much money in 1 and ... |
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 Why is the cost of living so damn expensive? |
| my mom told me that back in the day she was able to afford a two bedroom apartment and pay all of her bills making $86 a week. Here i am making $300 a week and i cant even afford to live in a studio ... |
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 Where's the best place for my money right now? |
| I have a small amount of savings that I want to keep safe whilst still having ready access to and I'm not sure where to put it...in a bank, building society or suitcase under my bed? Those banks ... |
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Erik W | How can I get out of debt? My wife and I both have jobs but we are not getting any closer to being debt free.? |
We do not have credit cards (we both got rid of them years ago, and we would not qualify for new ones if we wanted them anyway). We have a baby on the way and want to be on our way out of debt (we have realistic expectations and do not expect this will be happening tomorrow or even relatively soon). Is bankruptcy a good option to look at? |
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mldjay
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Bankruptcy is never a good option.
I suggest you and your wife read "The Total Money Makeover" by Dave Ramsey. Then start implementing his plan and you will be able to get out of debt. Right now before the baby is here, work like crazy and get the debt down and an emergency fund in case there are problems with the labor, delivery or home care after birth. His book has budgeting forms for people on predictable income and fluctuating income (sales or commission based pay).
His easy principles have helped us pay a ton of bills off. We still have the stupid student loan and an old unsecured loan but we now have money for things like brakes when my van needed brakes. We didn't even blink, we just wrote the check for the brakes and didn't stress out.
Read his book- it will help! |
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theosharatos
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Maybe by supplementing your income. Jennifer |
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R J
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This has helped us stay out of debt.
If you'd like to see site descriptions, proof that they pay, and a lot more information, please see my profile.
I have been averaging over $2,000 a month on line for the last 4 months. All of these sites are free to join.
I would also recommend never paying an upfront fee. If a site/company was really making that much money, they would not need to charge you.
Hope this helps, and have a great day. |
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zcommodore
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Every interract with someone who has declared bankruptcy, they say the same thing: don't do it if you can possibly avoid it. It will follow you for the next 10 years and you will wish you had never even heard the word.
The only way to get out of debt is to increase your income or decrease your spending or both. Cut out every possible "extra" from your life. If you have cable/satellite TV, get rid of it. If you have an extra car you are paying insurance on but not using much, sell it. If you have club memberships you don't need (fitness, golf, etc.) get rid of them.
Find ways to earn money on the side working weekends and/or evenings. With a baby on the way, this might be difficult but you can't start any sooner than now.
List your all your income and all your expenses for a month on a sheet of paper or spreadsheet. If you income is greater than your expenses, start paying extra on your debts. If not, find a way to make them at least match.
List your debts in order from highest interest rate to lowest. Pay extra on the highest interest rate debt until it is paid off. Then add that payment to the next one. Keep working on it until it is gone. |
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acb29
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How much debt are you talking about here? That's the first question..
Well there's two ways to get out of debt... Increase your income and or spend less. Generally you'll need a combination of the two, not sure what line of work you do now.
here's the general rule of thumb, cut all expenses to a bare minium, find out how much money you have left over after all essential expenses are paid, then work out a deal with your creditors for a payment plan. Finally seek additioanl employment to increase your income and help better offset your debts.
Bankruptcy , really should be a last avenue, as it will ruin your credit and really make a mess of things... |
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djstocks
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Really sit down and figure out where all your money is going to. I'm always surprised by how much our money goes to fast food. We literally can cut our food budget by 75% in the months where we decide to only go to the grocery store, and forgo the stops at a drive-thru, coffees, and pizza. I've talked to friends about it and they say the same thing.
I was in a bad position several years ago. We seriously got ontop of it by sacrificing and making big payments to all our creditors month after month. After about 9 months, we were starting to see the light at the end of the tunnel. I had really thought it was hopeless, but my husband kept at it. We were actually able to pay a lot more than I realized. I had been holding on to my money so tightly, afraid that I wouldn't have enough at the end of the month, that it was keeping me from paying off debts.
My husband also took on some side work at some point. It wasn't a ton of money, but it was amazing the difference $200 a month could make. We just had to be disciplined.
What debts do you have? Can you sit down and project paying them off over maybe 3 years? I can't give any advice on bankruptcy, but if it's truly dire you might consider it. Think of it like divorce though, it's a big decision. If you don't already own a home, and want to in the next 7 years, you might not want to.
Plus, somebody else might be able to verify this, but I was told that bankruptcy does not excuse student loans. If you have hefty student loans, bankruptcy might not be the cureall.
There are 3 different types, CHapter 7, 11 and something else. One of them is like "the big one" and other is like "reorganization". Some places will work with you on paying your debts, it's worth calling and asking if you can cut your payments. I have also heard that you can send smaller payments to a creditor, and if they accept them it sets a precedent and they can't send you to collections or court (don't know how true that is, but I have seen that said more than once).
With a baby on the way, I hate to say it but it will be harder after the baby comes. Diapers and formula are expensive and necessary. If you can buckle down now and work a 2nd job, it might make a huge difference.
I wish you a lot of luck!
PS - love your hat. :) |
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sunrisecitycarpets
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Before you consider bankrupcy talk to a consumer credit counseling service (nonprofit). They should be able to help you budget and get out of debt.
Since your income is fixed (you have regular jobs) consider what your expenses are. Is there anything you can eliminate, is there anything you can do without. Consider your assets is there anything you can sell to pay down your debt?
With a new baby on the way you should reexamine your entire budget anyway. |
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