Hi all,
I'm stressed about our finances and don't know what to do :-( hubby works full time,.I get centrelink and we are.struggling to pay bills. We a big car debt and personal loan, personal loan only has 9 months to go, but have suddenly come to a stand still where these payments aren't being made.our account is getting.overdrawn each week and that's how we are living...making sure we have money out for food. Im looking for part time work with no luck yet :-( have one of my kids in kindy and don't want to pull him out because of my return to work but those fees are way behind now to :-( sorry about the rant, I just don't know how to get us out of the poo :-( any tips or advice?
4 Replies
I'd suggest going to the bank and seeing about them consolidating all your debts. Just Incase you're not sure what that means, which I'm sure you do lol. It's when they pay all your debts and then you just have to pay the one bill and that's to the bank. Makes it a hell of a lot easier. My partner and I are struggling financially. Just thankfully we have some help from a couple family members. It's hard and so depressing but things will always change eventually.
Possibly call the loan companies and get lower payments under hardship ?? Organise a plan with them asap. Maybe try to cut back a little on shopping (if possible)
Things will turn around Im sure :-)
When my children were in preschool/kindy, there was a hardship provision from the government, where they would pay 13 weeks of fees if you were in financial difficulty. Talk to your centre about this as soon as you can.
Definitely speak to the bank & see what assistance they can give you
Also, try some local charities, they usually have free financial planners.
Is it possible to sell the car & buy a cheaper one?
Have you looked into My Budget? Seriously, they are awesome.