Page 1 of 2 12 LastLast
Results 1 to 8 of 9
  1. #1
    Deal GURU
    Join Date
    Mar 2007
    Posts
    4,567
    Downloads
    0
    Uploads
    0

    Default A reason to save no matter what your debt situation

    Hey Everyone, Just a note to let you all konw that things in our household have
    come up against a new challenge. And all in one day.......are we good or what?
    Well my compnay filed bankruptcy last Oct and as a result I was moved to part
    time and lost my benefits so my husband got a second partime job to make up the
    pay difference. Well Monday my husbands company closed (main job) so now he id
    down to only a part time job. Of course there's unemployment but it it isn't a
    bandaid and we have to wait 3 weeks for anything. Well Monday night I ended up
    in the ER in diabetic shock ! Never even knew I had diabetes. I been so focused
    on my cancer recovery over the years I let other aspects of my health slide. SO
    as of the end of the month we will have NO insurance to handle any medical
    needs.

    What we have will only get us through about the next 4 weeks (maybe 6 if I can
    just bare cupboard cook for a little while and not make any shopping trips in
    the couple of weeks). And truthfully we wouldn't even have that if I hadn't
    found you guys and had already started on our frugal living and following the
    absolutely great frugal financial and household advice I have gotten from you
    all. Thanks for sharing.

    So moral of this story (especially for the younger ones who don't believe they
    need to start worrying about stuff like this yet) PAY YOURSELF FIRST. No matter
    what you owe to anyone else SAVE something, anything for yourself!!! Take care
    !!

    Blessed Be,
    Helene
    ~*~*~*~*~*~*~*~*~*~*~*~*~*~*~
    All of my posts were transferred from
    the budget101 Discussion list
    ~*~*~*~*~*~*~*~*~*~*~*~*~**~*~

  2. #2
    Deal GURU
    Join Date
    Mar 2007
    Posts
    4,567
    Downloads
    0
    Uploads
    0

    Default

    Re: A reason to save no matter what your debt situation is.............


    I'm sorry to hear of all these financial and medical trouble, Helene.
    Oh my gosh, to think it all happened at once! Yes, you are right, we
    need to save money for times like these. It can happen to anyone, any
    time. You and your family are in my prayers. Sue
    ~*~*~*~*~*~*~*~*~*~*~*~*~*~*~
    All of my posts were transferred from
    the budget101 Discussion list
    ~*~*~*~*~*~*~*~*~*~*~*~*~**~*~

  3. #3
    Deal GURU
    Join Date
    Mar 2007
    Posts
    4,567
    Downloads
    0
    Uploads
    0

    Default

    Re: Budget101.com : Re: A reason to save no matter what your debt situation is.............


    Thanks! I hope things start looking up soon Helene.

    We are saving part of our tax refund this year. We have to start somewhere. I am more motivated than ever now that we are parents.

    The job loss, I understand. My husband's company has him currently doing the unemployment thing and it is a definite change. Everything is looking up these days! Much better than we imagined.

    Herlean
    ~*~*~*~*~*~*~*~*~*~*~*~*~*~*~
    All of my posts were transferred from
    the budget101 Discussion list
    ~*~*~*~*~*~*~*~*~*~*~*~*~**~*~

  4. #4
    Deal GURU
    Join Date
    Mar 2007
    Posts
    4,567
    Downloads
    0
    Uploads
    0

    Default

    Re: Budget101.com : Re: A reason to save no matter what your debt situation is.............


    How true, most young people blow their money & have nothing to show for it. My daughter started a new job last year & I made her get in to the 401k plan, she was 21 at the time, she has gotten a promotion which means about $7,000 more a year. I told her just because she has it doesn't mean she has to spend it. You never know what will happen in the future. Wish I had listened when my dad told me at her age to start saving. Good luck Helene, you will be in my prayers.
    ~*~*~*~*~*~*~*~*~*~*~*~*~*~*~
    All of my posts were transferred from
    the budget101 Discussion list
    ~*~*~*~*~*~*~*~*~*~*~*~*~**~*~

  5. #5
    Deal GURU
    Join Date
    Mar 2007
    Posts
    4,567
    Downloads
    0
    Uploads
    0

    Default

    Re: Budget101.com : Re: A reason to save no matter what your debt situation is.............


    Vicki,
    I hope your daughter follows your very wise advice. I wish I knew all that when I was her age. I'm 49 and just learning some hard learned lessons. I have three daughters ages 10, 13 and 15. I talk to them all the time about being financially responsible and knowledgable. I can't teach by example but I hope my struggles at the very least show them what they DON'T want out of their lives. We make decent money, not a huge amount, own a house, they don't want for much but its paycheck to paycheck so they don't have what most of their friends have. Which is ok, but I want to be honest with them WHY things are the way they are. Our credit is in the toilet and it will take many years and alot of work and determination to fix that.

    I also tell them when they are at the age when they are meeting men and thinking marriage....make 'responsible with money' a high priority. Doesn't seem romantic, but it sure helps a relationship more than years of stress and fighting about finances. Another thing I'm trying to teach them is the difference between needs and wants and the meaning and consequences of impulse buying. My youngest and my oldest are impulsive and I think the earlier they know how that hurts them, the better.

    I really wish I learned and got all of this at a much, much younger age. My life would be much easier now. And I want better for my children. I guess better late than never, huh?
    My new mantra is, "Grownups pay their bills, ALL their bills". Seems simple, but it sure took me a very long time to get it. It took almost losing everything before shocking me into effective actions. My husband still hasn't gotten it, so I've taken the reins. Its been a few months and already, things are improving.

    A true ramble here, but your post really struck a cord with me. You are a smart and very good mom!

    Donna NJ
    ~*~*~*~*~*~*~*~*~*~*~*~*~*~*~
    All of my posts were transferred from
    the budget101 Discussion list
    ~*~*~*~*~*~*~*~*~*~*~*~*~**~*~

  6. #6
    Deal GURU
    Join Date
    Mar 2007
    Posts
    4,567
    Downloads
    0
    Uploads
    0

    Default

    Re: A reason to save no matter what your debt situation is.............


    Helene,

    I am so sorry to hear about your troubles. Hopefully you have no
    further trips to the ER. Several stores are having great deals on
    glucose meters in our area - even free after coupons or rebate. I
    just donated a bunch of them to our local food pantry.

    Have you considered going to your food pantry for soem interim
    assistance? It sounds like you have gotten into this situation
    through some very bad luck, not from lack of planning. Hopefully
    they could help you out.

    Also, have you considered getting COBRA coverage for health care? It
    is expensive, but might be worth it while you adjust to your new
    health condition.

    Good luck to you and your family,

    Amy
    ~*~*~*~*~*~*~*~*~*~*~*~*~*~*~
    All of my posts were transferred from
    the budget101 Discussion list
    ~*~*~*~*~*~*~*~*~*~*~*~*~**~*~

  7. #7
    Deal GURU
    Join Date
    Mar 2007
    Posts
    4,567
    Downloads
    0
    Uploads
    0

    Default

    I joined this group about a week ago and so far I am learning a
    lot. Amy, you mentioned COBRA coverage being expensive. My 2 cents: I
    got laid off from my job in November and had coverage available for 3
    months through my employer as long as I paid 3 months in premiums
    ahead of time which I really didn't want to spend since they gave me
    72 hours notice. It also takes at least 3 weeks before you have any
    kind of income coming into your household. I wasn't expecting a
    layoff situation until after the first of the year. I just received
    my COBRA notice and the premium was almost $700 a month for my 5 year
    old son and myself. It's kind of hard to afford that when you're
    income on unemployment is approximately 50% of what you were making
    and in some states, they have a maximum of what you can collect on
    unemployment. I had almost 4 months of salary saved in the bank but
    with crazy insurance premiums like that how long can a person's
    savings last?

    Luckily, my son and I are pretty healthy, only been to the doctor
    for checkups the last 3 years. But I'm going to have to take my
    chances without any health care coverage. I checked into a state
    insurance plan for my son, even on unemployment, they told me that
    based on my past income, I did not qualify for any other benefits
    other than unemployment.

    Definitely pay yourself, I'm glad I did. I used my income tax
    refunds from the last couple of years to build my savings. I have my
    refund deposited in my savings and I don't touch it. In fact, I try
    to add some from each paycheck. When I pay off a bill, I apply that
    money to another bill. Higher interest rates first. Even with this
    loss of a job, I should still be able to get out of debt in the next
    5 years. Friends tease me about being the frugal queen. I thank them
    for the compliment!

    All of you are in my prayers and it's great that we have others to
    support us. We are all in the same boat and doing the best we can.
    Sorry, this is so long. I'm kind of long winded sometimes.

    Holly in Ohio
    ~*~*~*~*~*~*~*~*~*~*~*~*~*~*~
    All of my posts were transferred from
    the budget101 Discussion list
    ~*~*~*~*~*~*~*~*~*~*~*~*~**~*~

  8. #8
    Deal GURU
    Join Date
    Mar 2007
    Posts
    4,567
    Downloads
    0
    Uploads
    0

    Default

    Re: A reason to save no matter what your debt situation is.............


    I was able to get my children covered through a state program. You
    might call your local public school (even if he is to young to go) and
    they should be able to refer you to someone with such information.

    It would have been $1100 to cover myself and my two kids. With them
    covered, my premium is about $350. Pretty bad, but better than it was.

    Costco has a medical and dental plan, I'm looking into those.

    Lisa
    ~*~*~*~*~*~*~*~*~*~*~*~*~*~*~
    All of my posts were transferred from
    the budget101 Discussion list
    ~*~*~*~*~*~*~*~*~*~*~*~*~**~*~

 

 
Page 1 of 2 12 LastLast

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •