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 Posted: Fri Dec 08, 2006 4:53 am Subject: stress |
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ok so im working full time and wanting to go back to school and am need of a car... i live on my own and am streching it to make ends meet. i pay 270 a month in rent and pay 65 a month for my furniture... 65-70 a month for my phone. my big splurge is on the internet and cable for which i pay 80 a month. my utilites avg around 80 a month as well... some how i managed to overdraw my bank account outstandingly to some odd $600 i also have an er vist bill from the hospital around $600 before both of the above came along i took out a loan for 1500 to do some repairs around the house because i am buying it in the long run and the repairs needed to be done. the monthly payment for the loan is $75 a month im sinking and need some help/advice....
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dannyboy9704
Joined: 08 Dec 2006
Posts: 1
Debtcc Points: 55
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| Posted: Fri Dec 08, 2006 1:58 pm Subject: |
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As you are already registered, a debt counselor in your area will be calling you for advice and to offer budgeting tips.
You have mentioned all your expenses, didn't say anything about your income. Savings will grow when you are able to arrange a larger gap between your present income and expenses. For this, if you need to minimize your present expenses, do a budgeting and see how much you are able to save in a month. For this, if you have to get a second job also, you will overcome your stress because of not falling in the debt cycle.
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PassionHunting
Joined: 30 Jun 2006
Posts: 514
Debtcc Points: 3674
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| Posted: Fri Dec 08, 2006 2:51 pm Subject: |
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Hi dannyboy9704, welcome to the boards many will be glad to offer their assistance to you. The simple math is you need to have more money coming in than is going out, if you have more debt than income then you are living beyond your means and need to cut some expenses or get a second job. Good luck and keep posting
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PDLFREE
Joined: 07 Oct 2006
Posts: 1264
Debtcc Points: 18243
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| Posted: Sat Dec 09, 2006 8:43 pm Subject: |
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Is there some place where you could cut back to give yourself a little breathing room or a least a few more bucks in your pocket? For example, you said your big splurge is your internet/cable---is there a less expensive plan you could maybe switch to temporarily? How about having a yard sale and getting rid of unneeded items? These are just a few suggestions that might give you some extra money.
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Lorri
Moderator
Joined: 27 Apr 2006
Posts: 1728
Debtcc Points: 20969
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