Re: Too much debt ! -- Personal Finance / Debt Management

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Subject: Re: Too much debt !

Author:
Lynn5803

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Date Posted: Thu, Oct 23/03, 04:49:pm
In reply to: angel222 's message, "Too much debt !" on Wed, Oct 22/03, 11:10:am

I understand how hard it is to keep the family going under financial pressure, but hang in there and you can get through this.

You really need to sit down and go over your financial details. Total your income and subtract all your expenses. You will need to track all you spending for at one month to know real expenses. Then you can move on from there.

You really need to get those credit cards under control too. Sometimes the interest charges on those cards can really set one back. I suggest you pay off some of those balances as quick as you can and use the freed up money for upcoming anticipated raise in rent.

Keep your expenses down in the meantime by not spending any money unless it's an essential purchase. Oh, and don't borrow any further!
You can learn more about what can be done on this site...

<a rel=nofollow target=_blank href="http://ca.geocities.com/debt_free_helper">http://ca.geocities.com/debt_free_helper</a>

There's a good quiz there too..."Do I control my finances...OR do my finances control me?"

also there are free information links on the page too.

I hope this helps.

Lynn

>I think in am in too much debt. How can you tell if
>you really are in too deep.
>
> I find it hard to pay all my bills and I never know
>if I will have enough money to last till next payday..
>let alon have enough at the end of each month. I have
>a few credit cards....maxed out...and I have about
>$3,500 in other debts.
> My rent might be going up next month or so too.
>I am really getting tired of this situation, and my
>6yr old knows I am not handling things well... but I
>try to not to let him see when I get upset.
>Any help would be appreciated.
>
>angel

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Replies:

Subject	Author	Date
Re: Too much debt !	macy	Wed, Nov 12/03, 05:44:am