ok i just realized i have so many bills and its stressing me out. I owe 3400 on my visa which is over maxed i owe 7500 for a loan i took out to buy my truck, i have 12,000 that i owe for an OSAP Loan im paying for a Plasma TV thats 3000 and paying for a comp thats 3000 plus paying all my bills like cable phone and cell phones and car ins and half the rent since me and my boyfriend split. we thought we could do it which we can its just were both butgeted so tight i dont even get coffee money for the week i make 500 a month and 400 of it goes to save for bills and the 100 left usually goes 50 for visa and 50 for gas for the week. I duno its just gotten really Hectic lately expecially with winter hours my bf's hours have lowered because he works with waste removal and i get more hours in the summer so we'll be better off then but still i have so much i feel like im going to be stuck paying off bills till im like 40 and im only 22 :( I know i should have made better choices but . . . .
2007-01-16 03:21:09 · 10 answers · asked by Anonymous in Arts & Humanities ➔ Other - Arts & Humanities
I didnt im not really doing that bad i just wish it was a little more not stressful.... Any suggestions or comments ???
2007-01-16 03:21:57 · update #1
i cant get rid of cell phones because i would have to pay like 200 bucks to cancell a contract and i cant sell the tv because im paying it off by monthly paymetns through dell and noone in there right mind would pay 3000 for a used tv even thou its been used like 3 times and pretty much everything i have cant go back and i wouldent sell because why would i put myself in debt to sell what i have to get myself out again its not really debt its just bills which is debt but i dont think it can be consolidated .
2007-01-16 03:45:49 · update #2
Im not horrible with money its just when i think i have enough and can afford it i like to buy things my bf and I want isnt that what lifes about? why not give yourself what you want if you can? its not that im going to go bankrupt or anything its just i wish i had extra cash for myself for other things other than bills im paying my bills off just fine in full every time its just thats pretty much what i work for any side jobs suggested besides working with food and standing long hours i have a back problem and i work in an office. . .
2007-01-16 04:46:15 · update #3
don't live on credit, life would be miserable like this....
2007-01-16 03:58:03 · answer #1 · answered by information seeker 3 · 0⤊ 0⤋
You need to start with the highest % rate. Make those payments first and minimum on the others. You might have to take a second job to start making ends meet. Once you pay one off. Double up on the next one. This is how many finance experts give advice on bill consolidation. I expect you to find this awkward at first but it will start to add up and pay itself off. The second job would also help for the extras. Your BF might ought to consider a second job as well. Cable cancel it! Cell phone cancel it! Pawn the Plasma or sell it! that extra money can go for some bills and help out. It is possible the company you bought the Plasma from will take it back, minus a penalty. Look into it. Good luck
2007-01-16 13:53:47 · answer #2 · answered by fourwheeln05 3 · 0⤊ 0⤋
The obvious is to go to a reputable credit agency and get some help. They can help you consolidate your loans (ie, they loan you enough to pay off all your bills, so you only make one payment to them - saving money in the process.) You'll still be in debt, but to only one source, and your credit rating will look good, because you will have paid all those other crceditors.
But you also need to cut back Maybe you can't afford the cell phones right now. Maybe you need to sell the plasma tv and use the money to pay other bills. And you CERTAINLY need to sit down and make a comprehensive budget so you don't get in this trouble again.
I've been there, and I know how easy it is to do. Budget, budget and budget again.
2007-01-16 11:31:20 · answer #3 · answered by Uncle John 6 · 0⤊ 0⤋
I'm 34 now and I've lived like that before....the best piece of advice I can give you is.....pay as much as you can on the ones that charge you most of the interest(like your credit card!!).....second.....cut up the credit card....this way you are not tempted to use it again.You may check into consumer credit counseling....they are non profit and a lot of times they can get your interest reduced.They have the option for you to make one monthly payment to them and they take care of the bill paying for you....plus they will help you with better budgeting.I wish you the best of luck.....I know this is hard.....but trust me....you will have your piece of mind back when you start to see your balances go down.
2007-01-16 11:41:37 · answer #4 · answered by hellsbells 2 · 0⤊ 0⤋
Get into a consumer credit counselor - freeze the interests on your accounts and make more realistic payment options. They can make agreements with lendors and reduce the % of interest you are now paying. Start paying the principal and not the interest.
2007-01-16 11:59:45 · answer #5 · answered by DennisEastDennis 2 · 0⤊ 0⤋
Put yourself into the hands of a professional debt management company - you are terrible with money. Stop buying stuff!
2007-01-16 12:24:45 · answer #6 · answered by Miz Teri 3 · 0⤊ 0⤋
Honestly you need to go to a Credit corp and have them consolidate your stuff, they will make one total price and you have to make a monthly payment on it, but hey its better then a million payments. Good Luck
2007-01-16 11:31:05 · answer #7 · answered by echc 3 · 1⤊ 0⤋
Look for a better job?
2007-01-16 11:40:33 · answer #8 · answered by lyn4tik 2 · 0⤊ 0⤋
sounds like you are living the American dream.
2007-01-16 11:28:02 · answer #9 · answered by norwood 6 · 0⤊ 0⤋