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need help with credit problems

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littleman1time

Joined: 17 Oct 2006
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Posts: 3

200 Magic Points

Subject: need help with credit problems

Tue Oct 17, 2006 3:12 am

need help mabaging money for a family of four with one income

littleman1time

Joined: 17 Oct 2006
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Posts: 3

200 Magic Points

Subject: need help with managing money

Tue Oct 17, 2006 3:14 am

how can i get help in getting out of debt, with one oncome and a family of four

Richard
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Richard

Joined: 27 Jun 2006
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Posts: 110

4576 Magic Points

Tue Oct 17, 2006 5:23 am

Hii Joseph Bennett

You should manage your expenses.

You should plan weekly or monthly budget and follow it strictly.

If your expenses are more than earnings try to do some extra work . See this link for making extra money.

earn extra money
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mama_2hannah

Joined: 19 Oct 2006
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Posts: 3

177 Magic Points

Thu Oct 19, 2006 2:25 am

I agree with Richard. You must sit down, write things out, make a budget and stick with it. Everything must be planned, outings, you name it, no, no, splurge spending. Keep a notebook, right down every penny you spend.

Look over what debt's can be knocked out first. Example you have two credit cards, one has a 250 balance, the other 2500, knock out the $250.00 balance, then, add this money to your payment on the other debt, when I say I mean, combine.

If you're married, is there anything the other spouse can do, even taking in kids;-) a part time job while your home so there is no day care expense, just a thought.

Rammed
Guest

Fri Jul 06, 2007 7:11 am

Hi everyone,

I have two jobs going. However i am unable to meet the ends. We are a family of six. Our father, mother and we are four brothers and sisters. Two brothers are young still at school, sister just got a new job. We are living on my earnings and kelly will be paying from next payday.

I feel sorry i have to let her do that. Can anyone suggest how can i pull everything together. I have never lived upon credit. I dont have a single debt. But i have to spend all that i earn. no savings at all. How will I manage all this?

Any help will be appreciated.
Thanks

smilenyc07

Joined: 23 Sep 2007
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Posts: 41

2683 Magic Points

Sun Sep 23, 2007 5:14 pm

Hello Rammed,

I am sorry to hear that you're stuck. At least you are not in debt, which is a great thing.

I was looking at this topic and found some information that can help me out (http://www.creditmagic.org/money/about78.html). I hope that there is something for you there as well Very Happy

The only other thing that I can think of is for you or your spouse to try find a better paid job, or a job that can give you overtime. Overtime is a time and a half, remember Very Happy

Try to obtain some kind of certification in your field that can help you on your resume. Or try to find a job off the books where you will be paying less taxes, and will possibly receive a better return due to a lower income.

Keep hanging in there!

SunDevilsFan

Joined: 09 Nov 2007
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Posts: 192
Location: Sunny Arizona

6670 Magic Points

Wed Nov 14, 2007 7:50 am

Well, not trying to be a smart tail....I know...for a change...

But have you ever thought about a paper route... several years ago I had one and made about an extra $850 a month... helped out a bunch... but it was a PITA getting up so dang early...

debtstinker

Joined: 03 Nov 2007
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Posts: 303

113 Magic Points

Wed Nov 14, 2007 12:42 pm

Really Sun, you did that well? I have a dumb ?. My dad about 50 plus years ago was a paperboy..and he had to deal with people not paying. do you find anymore that the newspaper itself collects and you don't have to? or do they still ask the paper delivery person to collect? i know it's hard to wake up that early but i may be able to handle it good thought and i don't think you're being a smarty tail at all. good suggestion really and reasonable

SunDevilsFan

Joined: 09 Nov 2007
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Posts: 192
Location: Sunny Arizona

6670 Magic Points

Wed Nov 14, 2007 5:40 pm

In my case most of the people paid the paper directly... So, I did very little collecting....if any at all.. But, I knew who didnt pay.... Wink

I had give up the paper route gig... the primary job I had (still have the job but different part of the country) basically worked me long hours (OT)... so getting up at 3 in the morning and hitting the sack at 10-11 sucked.... plus it was winter!!! LOL...

But, anyway, it did pay off a couple of credit cards....

debtstinker

Joined: 03 Nov 2007
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Posts: 303

113 Magic Points

Wed Nov 14, 2007 9:46 pm

hmmm that's neat! thanks for the response. a big relief to me that the paper does the collecting, that was so hard on my dad plus he was very young and of course people gave him excuses. and if he didn't get paid by someone it would usually come out of his own pocket. they are constantly advertising for part time delivery people for our local paper, high turnover i guess. I may look into it. hoping that another job materializes for me. have an interview, well 2nd interview, this coming friday. am excited!!

Laura

Joined: 21 Jun 2007
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Posts: 1408

34397 Magic Points

Thu Nov 15, 2007 7:50 am

WISH YOU ALL THE LUCK for friday debt. Keep us posted.
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Regards,
Laura.

Upward Bound

Joined: 15 Mar 2008
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Posts: 4

382 Magic Points

Subject: Good Advice!

Sat Mar 15, 2008 7:32 am

Budgeting is very hard for me as well! However, I do my bi-weekly budget in MS Excel and I adjust it as needed based on home much we earn. I try to write down everything, but I just don't have the time. I know it's the best thing you can do so you are accountable. You don't have a good idea of what you spend unless you are writing it down. Also, if you have to write it before you spend it, you start second guessing your impulse purchases because you don't really want to write them down.

You should commit to that for one month. If your financials don't improve you should sit down with a debt counselor. I'm not talking about a "buy here pay and here we can fix it all" type, I'm talking about a true debt counselor who would love to take a look at that 30 day journal to help you analyze what you can change.

THAT SAID, that was much easier to say. I'm the WORST at sticking to my budget. I can write it all out, but from there I'm like a kid with money burning in my pocket. I love to spend, and if I have the extra cash, I will spend it!

goodnatured

Joined: 03 Nov 2007
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Posts: 2865

0 Magic Points

Sat Mar 15, 2008 1:07 pm

Can you tuck the money away in a safe spot, start a savings account and call it a bill if you have too. Convince your self that your savings is as important as the rest of your bills, you will see it build really quickly. One thing that I do is to collect as much change as possible, I find it harder to count out change then to pull out a buck. If you had to take $15 worth of change to pay for something, you are more than likely not going to do it. So, with that being said, make your savings all in change, weather it be a jar in your kitchen or an old fashion penny bank, if you have ten dollars to put in, ask for a roll of dimes at the bank instead of the ten dollar bill. I tend to save better this way. Just a thought.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!

Mr.Larry Joseph
Guest

Subject: I can personally help you to get out of that debt now.

Thu Jun 12, 2008 10:11 pm

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[deleted] - Violation of forum rules - Richard
Thanks,
Mr.Larry Joseph.

sdchargers_63

Joined: 13 Aug 2007
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Posts: 732

386 Magic Points

Subject: debt

Sun Jun 15, 2008 2:54 pm

MMmmmm...........if you DO get this loan, wouldn't you have THIS to pay back, too? Just adding to your debt? Sounds like a PDL, in a way.

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