Getting into it

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      Hi Michele,

      It’s great that you’ve recognized that you have an

      issue. Now comes time to be committed to getting out

      of the mess!

      It would be very helpful if you could provide a list

      of your income and expenses, so that the group here

      can provide you with as much feedback as possible.

      There are a lot of people here who have been there,

      done that and can give great advice.

      Good luck!

      Ria

      — sbjmom2002 <sbjmom2002@yahoo.com> wrote:

      > Hi All,

      >

      > My name is Michele. I am a single full time working

      > mom. For many

      > years I have lived well beyond my means. Then

      > recently I woke up to

      > find out just how broke I am. (I still almost get a

      > panic attack

      > thinking about it) I am trying to live on a budget

      > now. But it only

      > makes me remember how I got into this trouble in the

      > first place. I

      > don’t make enough. I have trouble covering basic

      > needs. I know that

      > I am just starting and I will work out the kinks

      > soon. But my budget

      > will still be so tight that I am not working on

      > paying down my debt.

      > I am going to apply for foodstamps and a medicalcard

      > for my kids(

      > for at least for the next year) If I am able to get

      > aid that will

      > give me about $300.00 a month more. Then in July I

      > could drop the

      > kids off my insurance at work and that would be

      > $200.00 more. I am

      > also going to change my car insurance company I am

      > hoping to save

      > about $75.00 a month with that. What I am unsure

      > about is life

      > insurance, retirment, and taxes.

      >

      > I have life insurance come out of my paycheck for me

      > and my kids I

      > only pay about $15.00 a month and my retirment I

      > only pay about

      > $20.00 is it really worth stopping this for $35 more

      > a month?

      >

      > My tax allowance is marked for 4 should I take that

      > down to 1 or 0

      > to get more on my check and less on my taxes? And

      > should I get EIC

      > advanced on my check or wait until tax time? My

      > guess is that I

      > would be about $100.00 a month for doing this.

      >

      > All together I could have about $700.00 a month more

      > (if all works

      > out) Of this $200 would cover gaps in my budget and

      > $500.00 would go

      > to pay down debt (about $25,000)

      >

      > I am sorry that this turned out to be such a long

      > email. Sometimes I

      > wish I had a personal finance advisor to help me

      > learn the right

      > thing to do.

      >

      >

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