i am heavilly in debt due to my inexperience. my present income cant make ends meet.?

Question

how can i continue to be stable again. i am not the the kind that give up easily. anyone kind enough to advice

Answer 1

You can't pay past debts but you want advice on how to STIFF more people ?? You're a total deadbeat

Answer 2

I assume that credit card debt has caught up to you. First you get a second job. That will help you spend less as well as give you more paying power. Look for credit card deals that have no interest for a period. There is one online that will give you 12 months no interest but a 3% transfer fee. Be very careful with these offers because after the period of no interest the rates go up so figure out if it is worth it to pay the transfer rate and can you get it paid before the time is up.
Take all the credit cards out of your wallet and put them someplace safe. Make a plan on cutting out everything but the bare necessities. You get rid of cable, cell phone, anything that you don't need to live that includes eating out and all those expensive coffees or whatever your vice is. Write out your budget and keep track of what you are spending and dole your money out. When you run out, you are out--too bad and take whatever this amount is and pay down your credit. If you have to get rid of an expensive care, do it. It's the price you pay for living bigger than your paycheck. It's as bad as dieting. You over eat and then you under eat. Bad but effective to get the end result you want. It is hard work but dig in and you can make a big dent quickly. Keep it all on paper so you can see your progress when you get tired of cutting corners. Lots of luck. Oh and don't pay anyone to consolidate your loans. There are free places that are legit but be very, very careful.

Answer 3

Spend less. Make more. It's as easy as it sounds. You need to sacrifice. If you are spending more than you are making, then the first things to look at are housing and transportation. These are major expenses in most households. If you have a car payment, think about getting rid of the car, and other options you have (bus, bike, walk, etc...) If you rent, see if there is a cheaper part of town you could be in. If you eat out...stop.