Our debt situation

Hello, my name is Carol. I guess I will just jump right in and tell you about me, my family and our debt situation. My hubby and I have been married for 21 years and we have one son who is now 19 and still living at home. His girlfriend has just moved in with us. She’s 18, turning 19 next month. Reason she moved in, was basically she is safer here than she was at home. They do not pay rent at this time.

My hubby(Ray) works at a local factory and his yearly income is somewhere around 40k, but that is with over time, which recently came to an end as the company is trying to cut cost. He now brings home a paycheck of about $1,200 a month. I am disabled and bring in about 8 hundred a month and no, there is no chance that I will be able to return to work.

Over the years we have slowly worked our way into debt. We own our vehicles. We own our home with a mortage of about 150k. We recently were able to reduce our mortgage to about one thousand dollars a month. Wow, now that I’m writing this down I realize that I’m trying to pay all our bills on two thousands dollars a month. No wonder we are in the hole. Our mortgage alone takes half of our money. I’m trying to pay lights, phone, cable,insurances, food, gas and who knows what else with eight hundred bucks a week. Never mind the credit cards, that obviously aren’t getting paid at all.

I know I should be asking the kids to help out. My son is working part time and she just got out of the hospital and will be returning to work next week. She will then start paying up twenty dollars a week.

I’m sure they might be able to take on the cable bill or the cell phone.

Here is just a little bit of our make up. We are procrastinators, our bills are strew all over the desk and the table. Hardly any thing is filed. The bill box that we made is not getting used for its original purpose. Our money matters have some how become my responsibility and I feel responsible for the mess we are in. Ray knows that we are in big trouble here, but I try not to tell him, because he flies in to a fit of rage. He says he will find a second job. This is imposable as he has had a heart attack and just wouldn’t be up to the stress.

I apologize for the length of this post, but it has turned out to be a good thing as I now realize we are in worse trouble than I thought and some drastic changes need to be put in place.

Thank for reading my ranting.

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