Hello. I'm hoping that the wisdom out there on this blog can help me. I make the same mistakes over and over with my money. I can't get ahead with anything. I work and paybills. I am always late by at least a month on many bills. I get NSF's and late fee's. I'm kinda hopeless right now, because I am getting older but my goals of having a good paying job is beginning to become distant. I'm stuck right now, It has been recommended by my therapist that I hold off with my college courses until I have my 13 year old son's school and home life in a stable condition. I'm getting a second job. I constantly borrow money from my sister and mom, "just this once again, I fell behind" I need to figure out where all my problems come from and how to get them under control. Here is my monthly train wreck:
Rent $1000.00 ( I owe the landlord for moving expenses and he lowered my rent a few months when I was being garnished, so now I'm paying it off, almost done in May.
Normal rent is $750.00
Chapter 13 Trustee payment $250.00 (behind 2 months)When I write down my budget, I'm not seeing the right set of numbers. If I write down all my bills and total amounts due, I don't have money to pay them, so I write down what I should be paying monthly if I wasn't behind. I hate making a budget because I'm so over my head right now.
Same Mistakes Over and Over!!!!
March 21st, 2011 at 04:12 pm
March 21st, 2011 at 04:34 pm 1300725244
I'm guessing renting a $750 place might be one of the mistakes. Is paying college tuition one of the mistakes? Do you pay back the money you borrow from your Mom and sister so that they are willing to repeatedly make a new loan?
Are you able to pay the "regular" amounts that you would owe if you were not behind and have extra fees and catch-up to pay? I'm not understanding your situation, sorry.
March 21st, 2011 at 05:00 pm 1300726856
March 21st, 2011 at 05:09 pm 1300727381
You MUST get a handle on paying your bills on time. Fees for late payment and non-sufficient funds are the worst waste of money in the world, as you are seeing.
Finally, I would say you need to step up and take responsibility for your situation. I'm saying this because I went back and read your old posts and they all sound like you're in a panic, and you're hopeful that we can solve it for you. I am saying this with absolute LOVE -- we can't solve your problems, only you can do it, and while you might have to make baby steps at first YOU CAN DO IT! Your attitude that you can take control and whip this beast will make all the difference.
((Big hug))
Just put a plan together and start working it. Any plan right now is better than panic and throwing up your hands.
Keep us in the loop and let us know how you are doing.
March 21st, 2011 at 05:12 pm 1300727541
Stop paying NSFs. Only write checks you can cover. If an automatic payment is going to hit your account, don't spend that money. If something is late, then it's late. You can't afford to pay NSFs on top of everything else.
Have you moved? I remember you talking about needing to move.
I'm rooting for you, GingerBell.
March 21st, 2011 at 05:56 pm 1300730191
Then, write down what you owe to people, including what you're behind on. Can you get one personal loan to pay all of these off? That would get you current and consolidate your debt. Only do that if you have enough in your budget to take on the extra expense of a personal loan. The good thing about personal loans vs. credit-card advances is they have a set payment for a set number of months, and then you're done. When I started on this site, I consolidated several of my debts onto a personal loan. I even managed to pay it off a few years early by sending extra to it whenever I could.
If you can't afford a consolidation loan or don't qualify, then you need to start calling the people you owe and try to set up payment plans. Get current first on the bills that are costing you money from penalties and fees. Then work on the debts that aren't killing you with extra charges.
Without knowing the specifics of what mistakes you're making, what your fixed income vs. expenses are, and how much debt you have, I can't give more tailored advice. I would just say don't panic and don't beat yourself up. Those aren't productive activities. Breathe, get some perspective, start anew.
Good luck!
April 1st, 2011 at 08:56 pm 1301691409
Jerry
May 23rd, 2011 at 10:59 pm 1306191546
May 27th, 2011 at 08:11 pm 1306527104
Jerry
May 27th, 2011 at 08:59 pm 1306529997