Financial Challenges Support Group
This community is for people who are struggling to meet financial obligations of any kind. Financial challenges include everything from the day-to-day challenges of making ends meet to managing credit card debt to bankruptcy. Get support from others who are going through similar obstacles on the road back to financial stability.
goal: Pay off one debt in 3 months
-call creditor and make payment arrangements
-not accrue any more debt
-have money automatically deducted from my account every month
-start with one of my smaller bills first.
-than move on to my larger ones.
-say no to any thing that is not a "neccesaty" until I pay off my bill.
-will save money 1% each payday of my paycheck until my debt is paid off and with savings I will treat my self and my family to something within that amount of money.
I hope this works. I don't know what else to do. I want to get out of debt. and I seem to be getting into more debt.
-call creditor and make payment arrangements
-not accrue any more debt
-have money automatically deducted from my account every month
-start with one of my smaller bills first.
-than move on to my larger ones.
-say no to any thing that is not a "neccesaty" until I pay off my bill.
-will save money 1% each payday of my paycheck until my debt is paid off and with savings I will treat my self and my family to something within that amount of money.
I hope this works. I don't know what else to do. I want to get out of debt. and I seem to be getting into more debt.
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So mad at Xfinity! They're trying to charge me $115 per month for the same service I had been paying $50 the last four years. I took the equipment to UPS for shipping and cancelled my subscription today! Next door was a cookie shop called Crumbl. I had heard of it before but never went in until today. I don't need one more sugar fix, but maybe it will help with my sad) grieving heart....$15...
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I know this is stupid, but after not being able to find a job after graduation for almost two years, I ended up just taking an online teaching job because I couldn't find anything in my field. I was trying to get out of teaching and I feel so devastated. I felt this crushing feeling when I signed the paperwork and when I was in the meetings. I know that sounds so dramatic but it is how I felt. It...
Good luck.
- no more bounced checks
- cash only, no new credit...
It were these two early goals that helped me get out of debt.
When I started paying off old bills... I didn't care at all about my credit score, I figured I would take care of that later. I wanted out of debt.
I did that one bill at a time. I had roughly 12 months bills that needed to be paid, plus the rent, lights, phone, and internet.... that just cut it to close for comfort.
I worked on one bill at a time... the smaller ones first, I didn't care about interest rates or anything else... it was just the focus of getting out of debt.
Paying one bill at a time, meant I was getting phone calls and nasty letters, but I stayed with my plan. When I paid all 12 bills every month, it was right around $200. So I posted all of that $200 just towards that one bill.
It was stressful and I did go to claims court a couple of times but I never changed my plan... one bill at a time. When I went to court, that bill became a top priority after whatever other bill I was working on.
I never had my wages garnished, which I was kind of hoping for with the claims court proceedings. Only one creditor can collect on your wages at a time... so I was hoping to have two or three companies garnishing my wages, that way two would be on hold and would have to wait.
Anyway, I believe that I would have never got out of debt if I used any credit... it was cash only and nothing else.
Yes, my credit scores took a massive hit but looking back at it, I'm OK with that because I have learned to live entirely on cash and nothing else. So in the long run it was worth the hit...