Comments on: How to get out of this financial hole? http://www.mobilemerchantaccount.net/how-to-get-out-of-this-financial-hole The Best In Telephone Credit Card Processing Sun, 20 May 2012 22:31:17 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Barry White http://www.mobilemerchantaccount.net/how-to-get-out-of-this-financial-hole/comment-page-1#comment-1321 Barry White Thu, 26 Aug 2010 18:12:09 +0000 http://www.mobilemerchantaccount.net/how-to-get-out-of-this-financial-hole#comment-1321 It sounds to me like your main concern is that you don't want to live like this forever, that someday you want to own your own home, be financially stable, and all that; and that you willing to make sacrifices and live hand-to-mouth in the short term as long as you can see light at the end of the tunnel. Correct me if I read you wrong. And it seems that the main reason you have to live like this is so that your husband can go to school. So, what's he going to school for? Are you going to see some financial benefit in the form of a lucrative career when he's done? If that's the case, I don't see why your stressing out about it so much. If you are "getting by" on your salary alone right now, then in a couple of years when your hubby is done with school you can continue to get by on your salary for a little while and bank everything he makes for a year or two and throw that at a down payment on a home, right? Or not? Reading between the lines, I have to wonder if you lack any faith that your husband's educational pursuits are going to lead to anything decent career-wise. It's a legitimate concern given what you mention about his unwillingness to get a part-time job or even help out around the house. I think you guys really need to have a big heart-to-heart about this, possibly with a counselor. I wish you the best! His AA? You're struggling like this so he can get his AA? In what? Unless he's in a program to become a licensed electrician or something like that an AA is pretty much worthless today. So if (BIG if, IMHO) he has his AA in a year, what then? Two years or more of working toward his bachelors, or just more sitting around not helping around the house? You're not supporting an scholar, you're enabling a deadbeat. Until you see your situation forwhat it actually is and take proactive steps to improve it, things won't improve for you. I apologize for being harsh, but you really do need a wakeup call. Good luck. It sounds to me like your main concern is that you don’t want to live like this forever, that someday you want to own your own home, be financially stable, and all that; and that you willing to make sacrifices and live hand-to-mouth in the short term as long as you can see light at the end of the tunnel. Correct me if I read you wrong.

And it seems that the main reason you have to live like this is so that your husband can go to school. So, what’s he going to school for? Are you going to see some financial benefit in the form of a lucrative career when he’s done? If that’s the case, I don’t see why your stressing out about it so much. If you are "getting by" on your salary alone right now, then in a couple of years when your hubby is done with school you can continue to get by on your salary for a little while and bank everything he makes for a year or two and throw that at a down payment on a home, right? Or not?

Reading between the lines, I have to wonder if you lack any faith that your husband’s educational pursuits are going to lead to anything decent career-wise. It’s a legitimate concern given what you mention about his unwillingness to get a part-time job or even help out around the house. I think you guys really need to have a big heart-to-heart about this, possibly with a counselor.

I wish you the best!

His AA? You’re struggling like this so he can get his AA? In what? Unless he’s in a program to become a licensed electrician or something like that an AA is pretty much worthless today. So if (BIG if, IMHO) he has his AA in a year, what then? Two years or more of working toward his bachelors, or just more sitting around not helping around the house?

You’re not supporting an scholar, you’re enabling a deadbeat. Until you see your situation forwhat it actually is and take proactive steps to improve it, things won’t improve for you.

I apologize for being harsh, but you really do need a wakeup call. Good luck.

]]> By: Xavier http://www.mobilemerchantaccount.net/how-to-get-out-of-this-financial-hole/comment-page-1#comment-1322 Xavier Thu, 26 Aug 2010 18:12:09 +0000 http://www.mobilemerchantaccount.net/how-to-get-out-of-this-financial-hole#comment-1322 You are doing all you can. There are two ways to get ahead. Cut spending, or increase income. It sounds like you can not cut spending any more. Well technically your husband could quit school and get a job, which would cut those school costs and generate an income. That would be great, but in the long run, it is better to get the degree. So, if you have already cut spending all you can, the only thing you can do is get more income. Either you or your husband need to find ways to get more cash. Could he take a part time job? Even earning 50 dollars a week as a paper or pizza delivery guy would be better than nothing. Since you are only busy 32 hours a week is there any chance of you doing odd jobs or weekend jobs like child care, or janitorial? It woudl not be much, but even a weekend job might generate 300-400 dollars per month. You are doing all you can. There are two ways to get ahead. Cut spending, or increase income. It sounds like you can not cut spending any more. Well technically your husband could quit school and get a job, which would cut those school costs and generate an income. That would be great, but in the long run, it is better to get the degree. So, if you have already cut spending all you can, the only thing you can do is get more income. Either you or your husband need to find ways to get more cash. Could he take a part time job? Even earning 50 dollars a week as a paper or pizza delivery guy would be better than nothing. Since you are only busy 32 hours a week is there any chance of you doing odd jobs or weekend jobs like child care, or janitorial? It woudl not be much, but even a weekend job might generate 300-400 dollars per month.

]]> By: Conor C http://www.mobilemerchantaccount.net/how-to-get-out-of-this-financial-hole/comment-page-1#comment-1323 Conor C Thu, 26 Aug 2010 18:12:09 +0000 http://www.mobilemerchantaccount.net/how-to-get-out-of-this-financial-hole#comment-1323 wowza. this is tough. maybe your husband should look for part time work. when i was in school, work study was part of my financial aid package. making $7-$10 hour sitting at the dorm room desk while doing homework wasn't a bad gig. you realize you need to get rid of the debt, car included. are you upside down in the car? i would kick that bad boy to the curb and use public transportation, bike and/or walk everywhere until i could get the bills under control. bottom line, loose the car and your husband needs to work. i worked 20 hours a week, took 21 credit hours and came out with a 3.7 (engineering discipline) one semester. it will all workout, just be patient. maybe ask parents for a loan with more generous terms than what the credit card company is offering. keep your head up and keep plugging away. it's tough, but you can make it if you want to. ps, check out dave ramsey's book from the library. and if you have $2 to save each month, save it! edit: after reading some additional details, i have new advice. loose the husband. if i were sitting around all day, that house would be spick and span. and i'd be out looking for work. i'd scrape up every tool i could find, even if it was just a rake, and i would be looking for work around town. online classes?!?! ppfft. sorry, but the writing is on the wall and this guy sounds like a loser. and never borrow money to buy a car ever again (that advice still stands). wowza. this is tough. maybe your husband should look for part time work. when i was in school, work study was part of my financial aid package. making $7-$10 hour sitting at the dorm room desk while doing homework wasn’t a bad gig.

you realize you need to get rid of the debt, car included. are you upside down in the car? i would kick that bad boy to the curb and use public transportation, bike and/or walk everywhere until i could get the bills under control.

bottom line, loose the car and your husband needs to work. i worked 20 hours a week, took 21 credit hours and came out with a 3.7 (engineering discipline) one semester.

it will all workout, just be patient. maybe ask parents for a loan with more generous terms than what the credit card company is offering.

keep your head up and keep plugging away. it’s tough, but you can make it if you want to.

ps, check out dave ramsey’s book from the library. and if you have $2 to save each month, save it!

edit: after reading some additional details, i have new advice. loose the husband. if i were sitting around all day, that house would be spick and span. and i’d be out looking for work. i’d scrape up every tool i could find, even if it was just a rake, and i would be looking for work around town. online classes?!?! ppfft. sorry, but the writing is on the wall and this guy sounds like a loser. and never borrow money to buy a car ever again (that advice still stands).

]]> By: David M http://www.mobilemerchantaccount.net/how-to-get-out-of-this-financial-hole/comment-page-1#comment-1324 David M Thu, 26 Aug 2010 18:12:09 +0000 http://www.mobilemerchantaccount.net/how-to-get-out-of-this-financial-hole#comment-1324 Interesting that your husband is contributing absolutely ZERO to the family income and is actually a drain due to the tuition you have to pay. I hope his studies are in a good paying field so that when he eventually graduates he can provide substantial income to the family. If he's doing anything like humanities or social studies you guys are nuts and he should drop out today an be a productive human being. If he is studying in s field that will provide substantial income, take out student loans until such time he will be earning that income. The advise I would have given you that is too late right now, is not to get married until he earned his degree. Good luck. Interesting that your husband is contributing absolutely ZERO to the family income and is actually a drain due to the tuition you have to pay. I hope his studies are in a good paying field so that when he eventually graduates he can provide substantial income to the family. If he’s doing anything like humanities or social studies you guys are nuts and he should drop out today an be a productive human being. If he is studying in s field that will provide substantial income, take out student loans until such time he will be earning that income. The advise I would have given you that is too late right now, is not to get married until he earned his degree. Good luck.

]]> By: Fig Newton http://www.mobilemerchantaccount.net/how-to-get-out-of-this-financial-hole/comment-page-1#comment-1325 Fig Newton Thu, 26 Aug 2010 18:12:09 +0000 http://www.mobilemerchantaccount.net/how-to-get-out-of-this-financial-hole#comment-1325 You guys are not in that bad of shape. The fact that he's in school is really good. How much longer does he have left? Once he's done with school and can find work your situation should change for the better. You might consider taking out a student loan to pay off the debt (if the interest is lower). You can put off making principal payments until he's finished with school. Then you can get deferments until he finds a job. Just don't take out more than you absolutely need. That might give you a little breathing room. He should also consider taking fewer classes each semester and look for part-time or full-time work. I worked full-time while going to school full-time. It was not fun but it did not kill me (there were times that I didn't know which way was up). Once he's done with school you should both consider relocating where there's a better job market. Maybe you should consider a new career path. You need to find a job with benefits in or out of your field. You should be able to find something making more money with benefits. One method to get some savings built up is to start slowly by having a small amount taken right from your check and deposited into a savings account at a different bank. Even if it's just 20 bucks. Don't get an ATM card or anything on that account. Try to forget about that money for awhile so it can grow. ##### added: Have you talked to your husband to let him know how important this is to you? You haven't painted a very good picture of him. Is he just a lazy person or is he just taking advantage of you? He has a hard time concentrating so he doesn't do anything? Is this situation going to improve? Either way it doesn't sound great for you. You should consider all your options before you start building a family with this guy. It shouldn't take 4+ years to get an AA degree for someone that is not working. That's just crazy. An AA is not going to be much benefit and BS/BA degree seems out of the question. He should really find a job first. Preferably one that has education benefits and then take evening and online classes or consider a trade school. Best wishes and good luck. You guys are not in that bad of shape. The fact that he’s in school is really good. How much longer does he have left? Once he’s done with school and can find work your situation should change for the better.

You might consider taking out a student loan to pay off the debt (if the interest is lower). You can put off making principal payments until he’s finished with school. Then you can get deferments until he finds a job. Just don’t take out more than you absolutely need. That might give you a little breathing room.

He should also consider taking fewer classes each semester and look for part-time or full-time work. I worked full-time while going to school full-time. It was not fun but it did not kill me (there were times that I didn’t know which way was up).

Once he’s done with school you should both consider relocating where there’s a better job market. Maybe you should consider a new career path. You need to find a job with benefits in or out of your field. You should be able to find something making more money with benefits.

One method to get some savings built up is to start slowly by having a small amount taken right from your check and deposited into a savings account at a different bank. Even if it’s just 20 bucks. Don’t get an ATM card or anything on that account. Try to forget about that money for awhile so it can grow.

##### added:

Have you talked to your husband to let him know how important this is to you? You haven’t painted a very good picture of him. Is he just a lazy person or is he just taking advantage of you? He has a hard time concentrating so he doesn’t do anything? Is this situation going to improve? Either way it doesn’t sound great for you. You should consider all your options before you start building a family with this guy.

It shouldn’t take 4+ years to get an AA degree for someone that is not working. That’s just crazy. An AA is not going to be much benefit and BS/BA degree seems out of the question. He should really find a job first. Preferably one that has education benefits and then take evening and online classes or consider a trade school.

Best wishes and good luck.

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