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Under: Welcome!
Need alot of advice
  • metfan012
    Hi, I am new here and am not the statistical norm here, so I am not sure I can get any help. I love this site and am desperate for a financial change to my life. I am 50 years old, own absolutely nothing, I am in default on student loans as well as IRS, I live pay check to paycheck and usually am in the minus in my checking account. I support my husband who doesn't work, 3 adult children and 2 grandchildren. We finally moved out of horrible substandard housing to an nice neighborhood but my rent is $1200! I just can't afford that. But because of bad credit I know, know, know I won't be able to get another nice house like this. No apt building will pass me on a credit check. What do I do? I am at the desperation point. I don't have relatives to help nor should they. My grandchildren have a stable and secure life because of me. I shudder at them living on the street if I kick them out or in a horrible part of town where they will not be safe! But I just can't afford to live any more. Please help.
  • Kstiens
    I mean, there are plenty of sources of help, but what I'm wondering really is why, in a household of 5 adults, you appear to be the only one with a paycheck?
  • annie22
    you will need to start something on your own do your own business
  • Kstiens
    People seem to think that starting your own business is always the answer. It almost never is. The startup costs for most kinds of businesses are higher than what a cash-strapped person can afford. That's not practical advice for most people.
  • metfan012
    really I was considering living in a shelter for awhile and pay off some of my debt and then just start over.
  • jdmrosa
    You said your husband doesn't work (not sure if that's a physical limitation?), but do your adult children work? If so, are they contributing an appropriate amount to the running of the household? If they're not working but are able to work, even some type of part time work to help pay the bills would probably make a big difference for you.
  • EllenDeLaura
    Have you considered Habitat for Humanity? If you have a stable job and your family members are willing to help put in the "sweat equity", you might be able to qualify for their program and purchase a home of your own for less than you are paying now. You also need to have a serious discussion with your grown children and set a deadline on them either moving out or contributing to the household budget.

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