getting frustrated, My income should put me in the upper middle class, but I don't seem to have any money to

Question

clear up some minor collections that showed up on my credit report and I want to blame my Wife for the way she spends money, but it's really my problem that I need to deal with and I am considering some pretty drastic solutions, one of my ideas is to downsize into a smaller home but moving really sucks. so the other thing I could do is ?

Answer 1

OK I work for a bank, from my experience the more you make the more you spend. Last week I had a couple apply for a loan.....he made 21K per month and she made 18K per month......not per year ......per month......They were turned down for the loan. They didn't have enough income for their debts...........Sad to say you are in the majority of people living in the US. No matter how much you make you spend it just as fast maybe faster.

Answer 2

Brian,
First take a look at Debt Consolidation. That is possibke in many cases and will free up some of your cash. Then regularly make additional payments to lower your debt in whatever area has the highest interest rate. Attempt to pay off the smallest loan then the next but always attempt to make additional payments toward the one with the highest interest rate so that eventually you can rid yourself of it and kee[p working on it in that way. You can beat this TRAP! I hope that this helps. Have a great evening.
Eds

EDIT... I also suggest that you begin studying the BIBLE with a group of Non-Denominational Christians in your area.

Answer 3

You are living beyond your means. Cut back on a lot of the little things. Stop going out to eat so much, buy cheaper brands, not everything has to be name brand at the superlarket to taste as good. Conserve fuel when you can. Turn off lights in the house that you aren't using. These small cutbacks can make a huge difference in your monthly budget.

Answer 4

i'd outline center type a similar as operating type. it doesn't count number even if you're $20K burger flipper or a $850K neurosurgeon -- in case you upward push up and flow to artwork to help your self, then you definitely are operating type. And retired contributors of the operating type are nonetheless operating type, no count number how a lot they now stay off a life of investments OF the money THEY MAKE with assistance from exertions. on the different hand, in case your income derives from stocks and bonds, from a extreme pay low call for seat on the board, and so on -- in different words, in case you do not opt to artwork to pay your costs -- then you definitely at the instantaneous are not operating type. the guidelines are rigged in want of this kind because this kind makes the guidelines. Now right here's a sweet party of operating the equipment, from the e book "completely criminal" with assistance from David Cay Johnston. think you come back up with the money for to you are able to set up some money someplace, like in the Cayman Islands. enable's say you create ABC Investments with one worker (pay your mistress $50K plus expenditures to respond to the phone?) and $2M in sources. Then again right here in the states you set up to borrow $a million.5M from ABC at a really extreme cost of pastime. after all, paying 22% pastime isn't a worry if you're fairly paying your self, proper? yet in view that pastime is tax deductable, you in simple terms were given a $333K tax deduction on the deal!

Answer 5

Make a conscious effort to not spend and pay off credit cards

If the debt is up there refinance and pay off those cards.

Answer 6

First of all, account for every dollar being spent. My guess is that you (like me most of the time, unfortunately) do not actually know where a lot of money is going.

Second, work out a budget.

Third, stick to it.

Answer 7

Make her get a job and spend her own money.Make her shop at Wal Mart so it doesn't cost so much.Both of you sit down and talk about your goals.It would be much easier if both of you work together.

Answer 8

cut back on your budget. don't use as much water, gas, electricity, gas (car), clip coupons, cut down on extras like internet, or cable..don't eat out as much...etc

Answer 9

so the other thing I could do is ?

And??????!