Living in the urban means higher costs of living. However, that is the reality after graduating with accounting degree and had jobs in companies. Got married and have a family and bestowed with children one after another. Salary from the job increased but only covered the inflation. Growing number of the family members means bigger requirements. Needed a bigger house and bought it on a mortgage. A big chunk of the earned salary, after pre-deduction of tax, went to pay for the mortgage.
Growing children brought together the responsibilities of feeding them and giving education. Aware of this, we never had a dinner at any fancy restaurant on our treat. Mostly food has been prepared at home because that is the cheapest. I had home prepared food to the office almost every day! We never had fancy cars. A van was bought on hire purchase with the main purpose of transporting the family. Despite working hard, salary increased measly. Cost of living has been ever increasing leaving barely anything for savings. Salary earned was not enough to sustain the necessities. Credit card was a big mistake that I have ever taken. Even using it for the necessities, interest kept growing bigger and bigger and finally ballooned and fully utilized. Believe me, I have never spent on luxury items neither my family members. Even spending on the necessities, low salary made my credit card debt ballooned. To solved this, a longer term loan to repay credit card debt was obtained. Since then, the loan had been repaid according to the schedule by deduction order from the salary. Jewelry had also been pawn and not able to be redeemed but just paying the financing cost roll-on only without touching the principal.
Unfortunately, the company that I had been working for so long exercised a retrenchment. Off course the retrenchment money should be used to settle mortgage as it is your family’s living place. The balance is for daily spend and is depleting. The longer term loan monthly payment is jeopardized. The bank is starting to ask for payment. This is scary for me and the family that include my wife who is a housewife and four daughters who are still studying at various levels. Some of them live on study loans which barely meet their necessities. I often have to “top-up” when there is something urgently needed. My children are taught to be thrifty in spending their study loan money.
It has been six months since the retrenchment. I have tried my best to seek other jobs, but so far has not been successful. I have called my friends whom promised to let me know if they came across with any opportunity, but none yet. I tried another thing; had authored a book and have been published in Amazon.com titled “Pivot Power – Basics of The Basics of Excel Pivot”. I will author another one as one of my efforts.
The thing that really bothering me now is the long term loan repayment before legal action is taken. Having the bank to seek their loaned money back is an event very unpleasant for everyone. It has a devastating effect not only for me, my wife, my children and the whole family. It is a very unpleasant situation that can happen to you. Please help my children and family out of this. Total amount is $37,000. Thank you.
My Paypal Account No. paypal.me/Muzafarpg