since I still have my job, full time and we “only have 1 child”. Apparently, agencies are not set up to help folks like us. The thinking seems to be that if you have any income at all, you make “too much money” (We have actually been told this) and also that we “only have 1 child” – WTF???? As if we had 6 kids, it would be better? Cold is cold.
I did contact the energy company today and they are going to accept less $$$$ this month (same due date) and then divide up the remainder and add it onto the future bills, month by month. So, in the future, we have even higher energy bills! Yippee!!!!
As if a man who is laid off in the first place can afford to do without a paycheck, even a partial one.
We have eliminated a lot and will cut some more. I am so determined to save a lot more money in the future as we conquer these debts, so that I don’t have this “what next???” feeling anymore. It is not the way I want to live.
Why didn’t she have anything saved up? Living paycheck to paycheck is a step up for some people. Trying to keep up with the mere costs of day to day living, plus keep the debt collectors at bay, etc. leaves very little room for error and even less “extra” to save. Trust me on that.
Once we get a handle on this month, somehow, some way, we will work on next month.
Today, I reached the utility company and they agreed to lower the amount due for this month, and extend the full amount due out over the coming months, by adding it bit by bit to the current amount due each month. Woo Hoo! Higher utility bills in the future! Something else to look forward to. 🙂
To the person who suggested charging the bill this month – no credit cards. We got rid of them in an effort to work the Dave Ramsey plan and simplify our lives. We got tired to the fees, the interest charges, the terms changing like the wind and finally just stopped using them. When you stop using them, life really is easier.
I packed up all of the spring clothes that I ordered for our son and they will be returned tomorrow, so we will have that money back at our disposal. Our son will be without his new spring clothes. He won’t realize it, but I know it and it pisses me off. Still, we have to put it off for now.
Sometimes, you just get tired. Tired of the BS. Tired of the whole situation. Tired of the rat race. It is just ridiculous.
I live a very simple life, work hard and save money. Just live within my means and work as many hours as I need to(40, 60, 80). I do not have a cell phone(wife does), no cable or high speed internet till I was 44, and still no AC or dishwasher, all are luxeries that I will buy when I feel I can afford them.
Plan for emergencies. Layoffs have been a way of live for the last 20 years so I definitely planned for it by have 3-6 months money saved, a resume ready at all times, a no-fee HELOC, etc. I lost my job and still took our China/Japan vacation the next month and was able to afford medical insurance without any problems.
My brother went through a divorce three years ago after 19 years of marriage, two teenage boys. No money problems for either with the
divorce because they had about $300,000 in net worth that they divided up. No bankruptcy.
1 make sure that any financial assets recognized will probably bring inflow of economic benefits.
2.Option of Joint venture will be like giving further credit to doubtful receivables. please secure the debt at first stage
3.No as such breach to IFRS and IAS, if your mentioned conditions exists.
4.Yes you are allowed in this following manner:
a.Investments or receivables first recognized at cost (fair value of consideration given)
b.classify your investment in any one of these form. ( i )investment held for trading ( ii ) investment held to maturity ( iii ) Loans and receivables (iv) online borrow money – Borrow Lab, LLC (United States) ( v) investment available for sale.
c.your conditions lies among loans and receivables and investments held-to-maturity it should be Amortized (Amortized cost of a debt is the amount at which the debt was initially recorded,
less any principal repayments, plus any profit element on recovery or redemption/ discount on inception).
5.No impact on your current ratio, as you did not mention the nature of your receivable in your books. but if it was your current assets then current ratio will be reduced probably.
6.Ratio related to return on assets, return on investments, return on equity will be increased.
Thanks & Regards.
Both times we had no savings and were living paycheck to paycheck. The last time he got laid off the day I found out I was pregnant. I know the fear you are going through. I would suggest taking your bills and listing them from important (food, electric, mortgage, etc.) The things that keep your roof over your head come first. Then the extras – phone, cable, credit card bills. Each month you figure out what is coming in and what you can pay, draw a line and everything under that line does not get paid.
cell phone, home phone, internet, cable, etc. Sell something…Ebay, Craigslist, yard sale, etc. Do odd jobs…mowing lawns, shoveling snow, babysit, etc. Get a job delivering pizzas or waiting tables…you can make some money quick in tips (don’t have to wait until payday). Cut your budget down to the minimum….try and see what you can make out of your pantry and freezer instead of grocery shopping, carpool to save on gas and plan all your errands for one trip, don’t go out to eat – eat at home and check out a movie from the library for entertainment, etc. See if there are any programs, such as your church, that could help. Worst case scenario…if your heat was cut off, could you stay with friends or family temporarily until the issue is resolved?
I know if our heat was cut off, my mother or mother-in-law would insist we come to their house (especially since you have a toddler). When my DH and i were first married, he was a web designer and the tech bubble burst. He was out of work for a LONG time. He did whatever he could…bagged groceries at the supermarket, worked overnight stock at Target, etc.
It’s not easy, but you can do it! I’m sure others will have lots of suggestions as well.
Any service that you pay on a monthly basis, call to cancel (ie cable tv, satellite radio) or reduce to a minimum plan (ie cel phone contracts) tomorrow first thing.
Look at what bills are due coming up. What do you not /have/ to pay? CC’s and optional services would be included in that list. You mentioned car insurance. How many cars do you have? If more than one look to your state laws to see what you have to do to properly cancel the insurance on all but one.
Does your church offer assistance for such things? Are there other charities you can tap at this time?
Right this minute, my husband has been laid off and we must pay our electric bill (including the heat) in 10 days way more money than we currently have. There are a couple of other necessities that must be covered as well. My income alone will not cover it all.
I am completely serious.
Any suggestions? We are new to this DR plan and don’t have it all in an emergency fund. Hubby’s last paycheck will go to some other bills that must be paid, including our car insurance (in Ohio, if you are uninsured, and pulled over, your life goes to hell quickly. Just as the “system” is designed.)
I will be listing a few items up for sale on Craigslist and eBay this week. Unemployment holds back a week, so he won’t get his first payment from them until after the due date for these bills that are due by the 20th of this month. Even with that, it is only a % of what he normally brings home.
Being in debt, having bills to pay and his being laid off really just sucks. We are so motivated to improve our financial picture.
Make no mistake, the local energy company will cut off the heat & electricity if they are not paid. Our toddler and I will be in our car at that time, since at least it has heat.
My hubby has been out looking for work and applying at several places, some of which have no openings. We are still hopeful. He is hitting several other places tomorrow. Right now, paycheck to paycheck would be a step up. I am sure some of you have been there.
Please pray with us. If you have any additional suggestions of where to get the $$$$, please share them…QUICKLY.
with 97k not including the house and we are at 67k now. Next week will be in the 57k range Woohooo!
This all said Dave’s message saved us from making some HUGE mistakes. We were going to buy a house with 100% down and 12k in the bank. Instead we moved to a cheap duplex cut expenses by over 1k a month and are paying off the debt like crazy people.
Our goal is to be done with BS2 by June 09….The math doesn’t add up yet but I think with some creative thinking it will work.
Keep your head up and make good choices every day. You will get there, good things will happen. Just a month or so ago a man making $11/hr gave away millions. Think steady and slow. We are here to help!
We changed some things and kind of did a budget but then charged a new computer, I
got another credit card, and well we finally reached a level of sick and tired of being sick and tired. We are both having job issues and do not have the freedom to make choices due to our current financial situation. So we are buckling down.
I have signed back up for the TMMO and am finding that very helpful. We are waiting on tax refunds and will complete BS1. I have completed our new budget for March and am eagerly awaiting to start BS2.
I have found some ways to cut costs but our biggest expense is gas and groceries. It is my husband, myself, 3 dogs and our son, Grey, who is 20 months old. We are still in diapers and that will change within three weeks.
I have showed this class material to two other people in the last two months. One is totally debt free within 30 days (had a small amount) and the other is still working on it. A co-worker and I will be going over her stuff tomorrow for her to work on becoming out of debt.
I listen to the Tom show but have yet to hear anyone paying off as much debt as my husband and I have. In the 8 years we’ve been married we have accumulated over $180,000. Yep that’s right. You can get up off the floor now…..over $180,000. Only $64K is our house.
Young and dumb! Now a little older and a lot smarter. I save every penny and cut everywhere I can. Well, enough about me. I’d love to hear about some of you.