This may be a long shot but I don’t know where else to turn. My family does not have the means to help me with everyone going through their own life crisis.
I thought I had a handle on my finances but I have quickly learned I make one too many mistakes. My husband and I have split finances since we each have a job. We each pay different bills to pay. He handles rent, medical Insurance and a few other of them important bills while I handle primarily the grocery bill, gas, tolls, car payment, internet and anything the kids need. I’m trying to give the kids a good Christmas I spent more than I had and borrowed from a installment payday loan, then had some short checks and got into a few of the buy now pay later, then I was short on income to handle everything so I took out an installment loan. Then it added up quick so I took out another installment Loan and then that added up to the point to make ends meet with grocery’s and some bills I was using the buy now and pay later. Kids spring break was suppose to give me the chance to go out and do instacart and shipt but orders were sparse when I wasn’t working snd I didn’t get up making any money in the time frame. I have borrowed to the point I own my entire paycheck to the installment loans and pay day loans and then have to immediately Re borrow what I can from them and now I won’t have enough to pay any of my April bills, gas or groceries. My husband is unaware because he has been in school to try to get further into his career and has taken a reduction of hours to finish so I don’t want to tell him I did all of this to myself and stress himself out with school. I don’t know what to do to get ahead of this financial mistake I made. It has stressed me out so much that I had a car accident two weeks ago in trying to rush around in the rain completing side jobs that I hydroplaned late in the evening and caused $3100 in damages to my car, thankfully for insurance my cost will only be $644 but I’ve been in a Rental to be able to go to and from work. That has put even more financial strain.
the breakdown of loans I have taken are as follows and anything helps:
loan #1 paying $135 per biweekly paycheck- total cost owed to date is $1439
loan #2 paying $291 per biweekly paycheck- total cost owed to date is $3447
loan #3 paying $80 per biweekly paycheck- Total cost owed to date is $1001.00
plus I have borrowed$450 from
one payday lender, $250 through another and $300 through another by having by paychecks split into 3 accounts so I can borrow against them.
I have been repeatedly borrowing $1100 and pay out to loans $506 per paycheck.
That is literally my paycheck, my job does not offer Overtime and with having 4 kids I don’t have much spare time for side gigs and I’ve been trying to find a remote job to work in the evenings and weekends while home but have not had luck.
I am also in credit card debt in the amount of $9,000 and have been for quite some time.
I feel like I am drowning with no one to throw me a life raft, I’m embarrassed and don’t want it add my financial stress to anyone in my family I realize where mistakes were made and that things need to change. Like many others things haven’t been easy since the pandemic started. I am so stressed out I have been struggling at work to maintain performance and feel I am struggling at home as a mother and wife.
$7000 would get me out of the loan debt and payday loan debt. $16,000 would get me out of all debt.
Anything will help greatly if you choose to take kindness on me. Thank you in advance!
PayPal.me/MischiefMomma4