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With the recent economy creditors are more likely to work with you if you contact them with a definite payment plan. Sit down and write it all down on paper, what you earn verses what you owe and your necessities. I find a calendar very helpful in this case. Look at it in black and white, if you’re constantly robbing Peter to pay Paul a short term solution really won’t help. You have wants and needs. You need a place to live, power, water and food to eat. The rest are luxuries with the possible exception of transportation if no public transportation is available.
If your car payment is beyond your current means, contacting the creditor holding the note or even your own credit union to negotiate lower payments for a longer period of time.
I know a great deal of our disposable income is wasted in the “food” category. You can make big dent in your food budget by really looking at what you’re buying. When things were very tight, I have been able to feed a family of 6 on $60 a week reasonably well. I certainly couldn’t do it every week, staples need to be replaced and it’s very helpful that we all love rice.
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I've been married for 24 years and have four wonderful children.
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