Drowning | Imamother

amother

Tue, Jul 30 2024, 9:50 pm

I feel like I'm Drowning. We are $50,000 behind mortgage payment, few months behind utilities, tuition, car payments and other bills. Plus we owe $50,000 to a private person who kindly let us wait until we have the money to repay the loan. My husband has a decent job but not enough to cover the monthly expenses, definitely not the accrued debt.
I worked a low paying part time job but my employer moved to a new location last week so I was forced to leave. I'm due in three weeks and I have other limitations which makes it nearly impossible to find a job now.
HELP!!!! Its like we take one step forward and ten steps backwards with no end in sight!

amother

Mocha

Wed, Jul 31 2024, 4:02 am

Hugs.
My husband repeatedly loses his jobs and although we are both professionals, we can't afford a mortgage or even to do "basics".
I have had to take on extra work, work full full time and overtime... just to pay our electric bill and put food on the table.
Here is what I would do:
1. Take a hard look at all expenses and income. Current income, not what you could make because you are having a baby and need at least 6 weeks after to be able to go back to work.
2. Cut back whatever and wherever you can. Not every kid of mine is getting a new backpack this year. Their school shoes/sneakers are still good so not getting new "just because" - they will outgrow them soon and I will buy then. Buy needs only.
3. Can you get maternity leave pay? I dont know if you have to be actively working for all benefits- you wouldnt get FMLA but maybe disability? If not, Can your boss keep you on for 3 weeks so you can get maternity leave coverage early? I don't think it costs extra as usually it comes out of your taxes. If not, can you work for the next 2 weeks, drive the crazy distance, so that you will be eligible?
4. Look at mortgage. How much would rent be? You don't need as big a place as you have. Make do in an apartment...
5. Any way to increase income? Can you do something from home? Can he do a second job?
6. What are your career possibilities? You said low pay but is that short term or something that you expect to increase significantly?

Hatzlacha.