Bills Crisis and Need Some Input as to Good 2Nd Jobs And/or Cost Cutting Ideas.

Updated on October 13, 2010
T. asks from Saint Petersburg, FL
10 answers

Hello ladies,

I am embarassed to say that my family is going through a very hard time right now. We are able to pay all of our necessary bills (rent, utilities etc.) so far, but have had to stop paying all credit cards (way too many) and of course they are starting to call. Unfortunately or fortunately, I guess, in the past I have never been in this position and am really struggling. I have a good paying job and my husband's is ok but we made some choices before he was laid off last year that ended up sinking us now. Both my husband and myself are trying to find new jobs but are not having much luck. So, in the interim, I'm having a hard time figuring out how to cut costs. I'm looking for any advice on meals that can be made cheaply. I have about a $300 per month budget for groceries, for us (me, my husband and 2 yer old son) I'm having a hard time coming up with meals that are suitable for all and not totally unhealthy plus including all of the other necessity items too, toiletries, pet food etc. I'm also thinking about 2nd jobs. The problem for me is that my job commands a lot of my time already so, I would need something that I could do at home or something my husband can do. I've already looked into Credit counseling to see if we can get a debt management plan and even that is more than we have the $ for. I'm at a complete loss on how to get out of this. I'm afraid that our only option is going to be bankruptcy which the counselor said would have to be Ch13 due to our income level. Has anyone been through that before? can you tell me a litle about it? I'm sorry to be so long-winded but I'm feeling very overwhelmed and frustrated. Any input anyone can give is greatly appreciated.

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So What Happened?

Thank you all for your input. I still haven't come up with a conclusion yet, but I will keep working on it. I appreciate you taking the time to give me your input/experiences.

Thanks!

More Answers

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B.D.

answers from Tampa on

Here's what I would do...give my pets up to a shelter, buy generic food, cut utility bills by being very careful (turn up the thermostat on the air, etc.), don't spend a single cent that I didn't have to spend, let go of any household help (maid service, lawn service, etc.), sell anything you can live without on ebay, live on cash from here out - no credit, use a credit counseling service, do not file bankruptcy, until you have things under control talk to the credit card companies rather than avoid them. I was in this situation quite a while ago (before hubby and kids). I got a 2nd job, learned to be completely frugal, and worked with the creditors through a counseling service until I was out of debt. You can do it. Good luck!

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S.M.

answers from Tampa on

Costco to buy fruit, milk, butter, eggs, basics. Cut out all junkfood & entertainment now. only eat healthy veggies - if its all thats there that is all you will eat and thus far healthier than anything else. Pasta is pretty inexpensive. Use meats sparingly - if you really study food pyramid you may be surprised at what's "necessary". Can u sell a car if u have two? Also it is far better to make some payment even if $5 a week than none obviously the credit cards were "necessary" at a time. Call creditors and ask for a lower percentage rate. Do you own your home? Do you have an equity line? Do you have a 401k? You can borrow or hardship withdraw. Borrowing allows you to pay yourself back with interest. Keep two major credit cards open and close all others. You will need to pay them but closing may help negotiate terms of payment. Have a garage sale or craig;s list items not frequently usedesp women's access purses etc. Create a budget to see where the money goes from payday. Every penny. waitressing pays some cash which can be the grocery money pay best at high end places or near beach. Good luck you are not alone.

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R.S.

answers from Tampa on

Hi, I have been in a similar situation, credit card debt and the likes. I can feed my family of 4 for about $200 per month by shopping at stores like Save-a-lot and Aldi (coming soon!) Scratch cooking is the only way to go. If you use the pre-made things, your cost almost doubles. Using spices like garlic, italian seasoning, lemon pepper and others you like help with the taste of food. It is a try and see how your family likes it kind of thing. Buy meat in bulk and separate it and freeze it into meal servings. Use pasta, rice and potatoes in many different ways. Spaghetti can be made into twice baked spaghetti with cheese for variety. You can also use pasta to make soups, or white sauce or marrinades and fried noodles (a little soy sauce, veggies and eggs). Rice can also be fried with the same ingredients, or mixed with may different sauces and marrinades. Your meat tastes change with whatever sauces or spices you use. Potatoes can be fried, baked, mashed, boiled. In order to save time, bake the potatoes in the microwave to almost done, then slice to fry or until they are done and scoop out to mash. Add a little sour cream, plain yogurt or different cheese for variety. By doing everything by scratch you not only save money, but it is much healthier for your family. Add bread to each meal as a supplement and this helps to fill tummies. Fish can be bought cheap if it is already frozen or on sale. Find the ones that your family likes the best. You can also put all the grocery store circulars on your favorites on your computer and look for good meat and fish deals. You don't want to go from store to store, too much gas money, but by shopping variety when the sales are in different stores can save you a lot in the long run. If you want actual recipes, let me know, I have quite a few and would be more than willing to share. Good luck.

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J.P.

answers from Tampa on

We went from 2 incomes to 1 w/ major CC debt. We ended up refinancing our house and pulling out equity to pay off the highest interest cards. The rest I juggled back and forth to lower rate cards. Still do sometimes. We have a bigger mortgage, but at least the interest is always the same w/o a penalty. When I can pay more I do.(not often.)It took alot of the burden off though. We clipped alot of coupons, and didn't "do" much. As in going out to dinner and etc. I always looked for free activities to do. At first it was embarrassing telling friends "sorry- we're strapped for money, we can't do that" but we had to. Eventually it got a little better. But it does happen to alot of people so hang in there.
As far as meals- buy meat in bulk when it's on sale and divide it into portions to freeze. Casseroles are good. Just freeze 1/2. Get creative with your left overs so that you aren't throwing things out. And be sure to use them before they go bad. That little bit of left over chicken tonight can be used for chicken and yellow rice 2 days later.Or made into chicken salad for sandwhiches. A small portion of meat, maybe smaller than you are used to, can be filling when served w/ rice and a little veggies. Also, Thegrocerygame.com teaches a good lesson on sales, and offers a free 4 week membership.
Good Luck!

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D.B.

answers from Tampa on

I understand completely where you are coming from. I am in the same position. My husband had me quit work after our second was born due to childcare prices. So we are down to just his income, which is cut short due to less work.
If you like hamburger, I can give you some tips on meals. All made with hamburger, but different ingredients make them taste different. Publix now has their ground chuck at $1.97 lb all the time. You can email me if you would like some ideas. ____@____.com, D.

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B.F.

answers from Tampa on

T.,
I would advise that you sit down with a person who is able to go through your finanical sitution and put together a strategy for your family. As for another job I would be happy to recommend a part time business that you or your husband can do from home. And as for meals and with the age of your son I would say pasta dishes are inexpensive along with buying the meats that are on sale and making being so that you able to create 2 meals with the one serving. It all really depends on your likes and dislikes.I use the Betty Crocker book.
Best of luck
B.

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K.J.

answers from Tampa on

Bankruptcy, I filed in 12/99. Last year was when if finally got off my credit. Chapter 13 is a monthly payment that you pay to a court appointed trustee on a determined amount by the court. I don't recommend this option if your bills are not over 10,000. If is less, contact your credit card companies and tell them what is going on and see if you get get them to cut your interest rate or your payment amounts until you get back on your feet. It is better to do it now then wait like I DID and have the accounts charged off. That is the bad thing to do.

As for a second job... www.homeinsteadseniorcare.com they work a schedule that is GOOD FOR YOU!

Hope this all helps. Just to let you know...

YOU ARE NOT THE ONLY ONE GOING THROUGH THIS! WE ALL ARE!

Take Care.
Peace and Blessings to you and your family.
K. J.

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A.G.

answers from Tampa on

Approximately 40% of the energy you pay for it actually wasted! Unplug everything you don't really need to use. This goes especially for anything with those big, heavy plugs (known as energy vampires). You can even go to your circuit breaker and cut power to rooms and appliances you don't really need power to. For example, you can cut the power to the washer/dryer, only turning it back on when you use them.

Farm stands generally have better prices on fruits and veggies than grocery stores.

I consignment shop for children's clothes, and highly recommend it.

Utilize the library instead of renting or purchasing books and videos.

Edit: I just found this site that may be helpful to you also (I'm not a fan of the name, but the content is very good):

http://www.hillbillyhousewife.com/index.htm

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K.H.

answers from Tampa on

I can totally relate to your situation, I don't know why but this has been a really hard year for us too. Living pay check to check and not even being able to pay all the bills with the money we do make. A friend recently sent me a link to www.angelfoodministries.com. I have not had time to research it but I think it is meant to help struggling families reduce the grocery bill. My friend has been very happy with it. I do recommend you check it out. I am pretty fortunate cause my husband loves "poor" meals. We will make publix brand parm pasta and add a can of tuna, bread and butter as a side and he is in heaven. Or ground beef in brown gravy with instant potato's. I must be harder to please cause sometimes, I'd just prefer to skip a meal. Check out the link above and good luck to you and all of us during these financially difficult times.

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