Bad Credit Agency

Advice on budgeting and feeling desperate when there is not enough money.?

I know everyone has to come up with a budget in order to handle bills and pay important things.I have been through so much, too much in credit card debts that I had to stop paying them, foreclosure on my home, still owe some things that are minor like attorney fees for a traffic violation, etc. I went through all this before I seperated from my husband, and it got worst when I seperated, however, we are back together now. I have a trustworthy person who is trying to help me repair my credit, and I know that it can take a long time, but I get desperate sometimes even now because I have not had an opportunity to buy me winter clothes. I have been offered an opportunity with my bank to maybe get a platinum Visa card with a low limit just to have something and at the same time to try to rebuild my credit.I have felt so embarrassed so many times about not having good credit and owing all this money.It makes me feel useless.My husband and I are now living with my Mom, paying only have of... half of the expenses in the home, like food, electricity bill, satellite bill, house payment, etc.I just feel like I should maybe try to get that opportunity of the Band Credit Card, but like this person who is trying to help me adviced, you need to make sure that you can pay back the amount that you use on time to regain good credit. Any advice and suggestions are appreciated, no smart remarks please.

Public Comments

1. First, it sounds like you are overstressed. You need to work on this together with your husband. If you have a computer, get Quicken....it can help you budget and also keep track of your expenses whether you use credit cards or cash, etc. Then take a look at attending Financial Peace University by Dave Ramsey. I would hazard that their is a school or church nearby that offers the course and it's a lifesaver for couples who have troubles like you. Good Luck!
2. I understand that you're scared. Money problems can be very stressful. Please consider the following: 1) you and your husband need to get on a written plan each month. You need to agree on where every dollar will go. 2) track your spending and compare to your budget. 3) Talk to your spouse about any changes in the budget 4) Pray...get invovled with a good church. 5) Tell your husband your scared...share with him your concerns. 6) Evaluate your lifestyle. For example, you mentioned 'satellite tv'...that's got to go! Cut your lifestyle to the bone. 7) Sell stuff to reduce debt 8) Pick-up extra jobs to reduce debt. BORROWING MONEY IS NEVER THE ANSWER. Your financial problems are NEVER solved by consolidation, debt management, bankruptcy or credit counseling. Why? Because none of these TEACH you how to manage your money. That is the problem! So, learn how to manage your money, work your tail off and you'll be debt free. My wife and I have been teaching a personal finance class at our church for 2 years now. We are debt free (except our house) and actually have money in the bank. You can do it....thousands of people do it. Don't loose hope! Visit my blog for money ideas on getting out of debt, budgeting, earning extra money. Scott.......
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