Alright so as most of you know I've got some debt under my belt from when I was with Joe. He raked up a credit card in my name to over 1500 dollars, then I had a Visa card which I take credit for raking up to 560 dollars....so I've been trying to get all of my credit cards paid off. So far I've paid the Visa down to about 440 and they call me to today and offer me a settlement of 50% off of the 440 but I only have til the end of November to pay 220...my question is do I take their offer and pray that I can come up with that amount or do I continue with my current monthly payment which I can pay each month no issue. Meanwhile I've got Capital One beathing down my kneck wanting their money. Now this wouldn't be so much of a dilema save for the fact that Aaron also have a credit card which he owes about 3200 dollars to. Now they're threatening to sure him so we were planning on taking 553 dollars of our total earnings a month and in 4 months settle with them for 2212 dollars. That's if they even take the deal. I just don't want to end up not being able to buy my daughter diapers because I'm spending all my money on my own debt. It comes down to this do I take the deal and try and make it work when my hours have been devestatingly cut and Christmas around the corner or do I end up paying more in the long run???? Moral of the story- DO NOT GET A CREDIT CARD. I don't care what anyone says they are a pain in the ass and NOT WORTH IT! Stick to cash people...
On a lighter note we carved pumpkins Sunday at my mom's and took London's pic in her pumpkin...way cute!
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How much do you make in tips each night? If it's a fair amount, and if you can handle a little self-control (a hard task for me sometimes), maybe you can save up enough tip money to pay $220 by the end of november. Even if you can't save that much, at least you will be able to have that money going towards your debt and your debt only... unless you already put it towards something else (i put mine towards gas). If you have faith in putting aside enough money, I would take the deal. As for Aaron's debt, if they take your deal, I think it would be wise to get it paid off as soon as possible, even if things are tight for a little while.
ReplyDeleteAnd honestly, forget Christmas. It sounds harsh, but you should focus on spending holiday time with family/friends and having fun, not worrying about buying presents for everyone, including each other. You guys will be able to make it up to each other in other ways, maybe even doing a gift exchange when things are better. Danny and I were in a tight spot around our 2 year anniversery so we planned a day together and went to the movies and such, after we were relieved of our finacial low point.
Money problems can make you feel like you are so trapped, with no escape in sight. It's one of those dilemas that takes a combination of efforts and the determination to execute each one. One of the most important things is to remember to keep your chin up and know that things WILL get better. You have a goal and as long as you are progressing towards it, everything will be fine again.
-Troubles will come, and they will pass- :)