Im bogged down in debt, any advice?

Question

My debt is quite resonable though its really begining to overwhelm me, want to move at the moment and just cant get any money together at all, sometimes i can barely afford to get to work because of it and we all know what would happen then.

Answer 1

Ive been in the same situation myself recently,

Im out of debt now, but its about hoarding as much cash as possible to get yourself a start.

Try part time jobs, Car boot sales, overtime... anything you can... Eat cheaply, Go out less, try catalogue sales work in the evenings.

You will get there in the end!!

Answer 2

Paying more on high interest debt first is a good idea, as is most of these answers. But, you may also need to consider what can be paid off quickest and what has the highest payment. If you can get rid of a payment in a few months, even if it is the lowest interest, it might be more helpful in the long run to free that money up to put on your other debt. Good luck.

Answer 3

Plan on being debt free. Destroy the credit cards. Put all on hold, get an emergency fund of $1000.00. Take a second job, agressively pay off debt. Smallest to largest. I'ts called teh debt snowball. Enroll in Financial Peace University. Get your life under control with the assistance of a millionaire who lost everything and became a millionaire again.

Answer 4

First, completely stop spending money on anything extra. Take the bus to work or ride a bike. I had a terrible debt problem with credit cards and student loans. I had to quit smoking and cut coffee, anything that I didn't have to have to live. I am still in debt but am slowly pulling out. All my money goes to bills, period. I also had to leave a job i really enjoyed to get a higher paying one. It is all about sacrifices.

Answer 5

There are ways of getting the debts amalgamated so that you are able to survive and pay back as well,it might be worth talking to your bank explain the situation and they might be able to help.

As mentioned you are struggling to get to work this is a really worry that must be solved because to loose the job well then things get worse.

Have you mentioned it to family or close friends as they could have ideas once they have calmed down.
Moving might have to wait until later on, what about working out a budget sounds grim but can be a good exercise.

Good Luck and I hope things will work out.

Answer 6

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Answer 7

Being in debt is like being over weight and diets are not the answer! You need to change your attitude to money and see the real value of it as your security for the future not something to spend now!
If your fat then you should eat a balenced diet , take moderate execise and have more respect for yourself.
If your in debt you should have balenced finances,(keep some for bills, put some away for savings, pay off some debt and keep a little to spend on yourself for treats but not to excess!) and have more respect for your money and your long term future. Good Luck!

Answer 8

Start selling all of the stuff that you bought and didn't need on ebay.com and then take the money and pay off your bills. Then the last thing is to stop shopping and spend what you can afford. Also, I highly reccomend reading the book "The Millionaire Next Door" Easy reading and tremendously helpful. Read it twice to soak it in. Good Luck!

Answer 9

ok, before each and every thing, if there are voicemails with threats to do any type of harm, your boyfriend ought to march proper over to the police branch and report an harassment declare and get a short lived restraining order for probability-free practices. What your household did is prohibited! you won't be able to, lower than any circumstances, threaten to do harm or kill someone. My ex spent 2 months in reformatory for this very crime. 2d of all, I suggestion that you locate your own position to stay and grow to be self reliant of your boyfriend. no longer because of your mum and dad or all people else, yet for your self. you shouldn't be depending on a guy to guard you. once you are able to guard your self, then you will be able to make investments right into a healthful courting that leads to marriage. i have been on your shoes (except for the threats from kin member - I quite were briefly disowned) and the single ingredient I desire I had executed otherwise became study the thanks to guard myself and not in any respect count upon my (then) boyfriend. Your self belief will bounce once you study this existence concept. I desire you the dazzling and that i'm sorry you're dealing with this. you're an man or woman now, and it really is time to initiate wondering like one.

Answer 10

get rid of your credit cards. start managing your money, divide them into sections, start making lists on your priorities(if you know what you really need you wont have any debts, trust me)


well, when I was on debt, I started to work extra, you know find myself some money, by making some business, anything you can think of. then I really really put my best to not spending money on things I dont need. and........ I got it all worked out. I am now, well almost debt free....


after that I think we should try to balance our expenses with the amount of money we actually have.(well, not that I am saying I know about what I am talking about)


ASiH
good luck!lets fight!