SRS My financial situation has me depressed, cheer me up ot

Discussion in 'On Topic' started by Hoss, May 14, 2008.

  1. Hoss

    Hoss Nah, i had water yesterday

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    Im 25 years old and really have nothing to show for my age. :wtc:

    I have made some stupid decisions in the past financially, and im now seeing the ill effects of bad pay history.

    I am currently $1400 behind on my truck payment, and is in the collection process. I am being threatened into going into repossession. I have arranged payments to be done scheduled for over the next month. I am patiently waiting for my stimulus check to deposit as i have yet to see it. Its starting to scare me that i may not be able to pay the 500 by friday and my truck could go into repo.

    I just started a new job with a major cable corp. and i am in my 4th week of training. I have decided to go with this job as they will pay for schooling as well as offer excellent benefits even though the pay isnt the best, its a good solid job with a good future.

    I got into this situation after i had moved from factory work to a new career in the mortgage business, which didnt pan out. So i applied and got the job with the cable company as a technician so i can get back on a fixed income.

    i am currently living with one of my good friends, who graciously lets me rent out one of his rooms for 400 a month total. I feel so bad most of the time, because sometimes i cant cover rent. i always end up paying him when i do get the cash though.

    So with the current situation i plan on moving out of the house and back in with my mom. It sucks, but what can ya do? Some people have it worse you know?

    I just feel depressed, as i dont have the money i need to save my credit, pay my roommate, keep my truck out of repossession,....etc...

    why does fucking money mean so important to me? it makes me depressed when i dont have it, and i dont want that. i hate being materialistic like that.

    i want to be comfortable again with my financial situation. i am looking for a part time job on the weekends to help myself out. But no restaurant is willing to hire me due to my availability. Id get a job as a pizza delivery guy but i drive a V8 ford pickup and the gas would kill me.

    Any tips on possible part time jobs? Ways of dealing with credit issues? Can i restructure a loan that i owe more than the car is worth?

    Tips on life? How to not let money bother you so much? I just dont feel successful and my confidence with women has dwindled a bit.

    i dont want to sound like a whiny bitch, but i feel like i needed to vent and get this off my chest as this has been sitting on my mind for a long time. At night i stay awake nervous as i feel like im not going to succeed. I fear that in the morning my ride to work, will have been repossessed. Its a stupid thought, but i fear it.

    Cheer me up ot. :hs:
     
  2. KatWoman

    KatWoman •••••••••••

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    Been there, done that. Start writing down what your monthly payments are vs. what you're actually spending on. You'll be amazed at how much fat you can trim from the budget. You usually don't know know it until you start actually writing things down.

    Swallow some pride, see if you can borrow the $500 from your mom or a really good friend to save the truck. DO NOT try to get a loan from a "payday loan" or "title loan" place, you'll be worse off. IF you can get someone to loan you the money, make sure you pay them back asap as soon as you have available funds. Don't flake and spend it on toys or fun stuff, there's plenty of time for that later when you get back on your feet.

    :bigthumb: work/paycheck>>>>>>>>>>no work/no paycheck

    Perhaps he can forgive a rental payment to save the truck? When you have available cash again, PAY HIM ALL BACK RENT. There are only a few things that destroy friendship quicker than money matters. When you're back on your feet again, make you sure to treat him to a really nice dinner out, a weekend in Vegas, or something to show your appreciation.

    It sucks, but as long as you are still alive and breathing each morning when you rise, you have not yet lost it all :hug:

    Do what it takes to stop being materialistic. Stop subscribing to magazines full of ads for shit most of OT can't afford in the first place. Stop watching tv shows that expose the lives of the rich and famous, stop trying to keep up with the Jones's. If you go to buy something, ask yourself "Do I really need this, or do I just want it. Will it be loved, used or will it end up on shelf or in a drawer, or is my motivation because this is what everyone else has?

    The people who are 25+ years old that still judge everyone by how nice they dress, how nice of a car they drive or how big their house is are still snot-nosed kids trapped in adult bodies. Most of the "real world" folks don't give two shits about designer clothes or luxury cars, so long as you practice good hygiene habits and are friendly and personable. Yes, it's important to have a little pride in one's appearance and surroundings, but if you have common sense you can still display your life/lifestyle as put together nicely if you can shop smartly. No you don't have to go to the Goodwill Store or drive a 1985 Ford Festiva, but you don't necessarily need $300 jeans or a $60K car to find your place in this world.

    Reduce your spending/expenses, put as much as you can toward bills, even if you need a little help from mom. As I stated before, just make sure to pay everyone back you'd owe, and then do something really nice for them when you can afford to. Once you are on your feet again, don't fall back down.

    Part time jobs - try other retail type places willing to work with your schedule, search ads, craigslist, monster.com, what not.

    Credit issues - call your creditors and explain your situation. See if they will work with you by lowering interest rates, maybe negotiate a reduction in your balances. The worst they can say is no. IF they do work with you and you come to an agreement, DO NOT FUCK IT UP. Stay on track, make payments on time. Give more if you can til paid off.

    Learn to be happy with who you are, what you have (or don't have), and be content in your current state. Don't worry about what everyone else around is doing. Having more money or more stuff can make you happy TEMPORARILY, but in the end you can't take any of it with you. Money does not buy love, REAL friends or respect - you have to earn it. Focus on what's important - your well-being, your family and friends, your good-standing with those in charge at the job and your creditors, and maintaining positive relationships with all who enter your life.

    Sometimes you gotta whine and get it out...but don't wallow in self pity, especially if you're the one that dug yourself into the hole. You dug the hole, now it's up to YOU to climb out. You gotta get up and get going and do what it takes to get it done.


    This made me LOL before when I needed something to LOL at :)

    [​IMG]
     
    Last edited: May 14, 2008
  3. Darketernal

    Darketernal Watch: Aria The Origination =)

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    Well , i think you first need to re-evaluate yourself. (spiritually,materialistically,practically)

    This because your priorities and perceptions,on life are rather messed up. Its wrong in thinking that you want to live a financially comfortable life, you need to think exactly the other way around namely that financial stability comes with organisational thinking and hard work , you need to start replacing the chaos elements in your life with order, and that starts with orderly thinking.

    (spiritually) And i am thinking in terms of energy managment. You feel that money problems shouldn't rule your life. But you should see it more like this. A car runs on gasoline, a soul runs on Love, and a human body runs on materialistical things(food,water)and has needs (shelter housing,(which are bought with money) , so energywhise you need to aknowledge the need for money without feeling ashamed for it. That's how things are runned, money isn't a device of the devil, you can serve good things with it, but you must aknowledge that you are forced to have decent amounts of money if you are able to come along with society. Money indeed will never fill in a gap in the soul, only love can do that. Everything in life needs to be runned in a correct manner,which in return would create an positive energy flow.Alright enough spiritual hogwash.

    (Materialistically)

    Cheer up, 1400$ is an amount of money that a reasonably steady job can pay off in 3 months or even sooner, your doing financially the right move by going back to your parents. Its not nice but the right thing to do nevertheless. Id say that even just getting a paper job for short term would be a form of income, or maby there's a market stance were you can work on the saterday, search the local job adds and go to your local job agency to see if they have anything for the weekends, ask family maby they know of something.

    (practically)

    If i were you id call upon your mom for help, tell her you will get your pay check at (sus and so time) and will pay her back immediatly that amount, if she lend it, then id call those who'd are threatening you into repo, tell them you'd have the 500 in payment ready for them, then goto your new boss, ask him if you can work overtime (10-12) hours a day, maby even in the weekend. If there is such a possibility ,then yes its a sacrifice from your side, but dire means break laws and i would go for overtime. I wouldn't goto your boss and ask for 500 in advance unless it was the very last resort.

    And of course read the debt management thread http://forums.offtopic.com/showthread.php?t=2085244 to prevent financial disaster in the first place.
     
  4. RedDawg

    RedDawg Well-Known Member

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    sell the truck if you still owe a lot on it and pick up a $500 civic or something?
     
  5. Hoss

    Hoss Nah, i had water yesterday

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    Thanks for the replies guys.

    i am still growing up. im learning.
     
  6. Hoss

    Hoss Nah, i had water yesterday

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    :bowrofl:

    Thanks alot.:eek3: You really put alot into that post and i really appreciate the advice. You are definately an asset in this forum.
     
  7. Hoss

    Hoss Nah, i had water yesterday

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    :eek3:
    Thanks for your reply as well.

    I definitely think i am growing up still and have alot of learning to do. So im hoping to fix my financial situation soon and get out of this rut. I feel like its holding me back because i dont want to be considered a failure, which in turn makes me depressed. Its not that i want the fanciest things, i just want to pay my bills on time. And i made some bad decisions in the past that im paying for now.
     
  8. Hoss

    Hoss Nah, i had water yesterday

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    i would but i went in the negative when i traded in a previous truck to get this one.

    so when i sell id still owe like 3-4 grand
     
  9. Hoss

    Hoss Nah, i had water yesterday

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    Like i stated, i have done some stupid things. But i know now that i will never do that again.

    im single, have no kids, so i guess its best that i learned the hard way during these times of my life.
     
  10. saiaba

    saiaba Guest

    At least you don't have a baby on the way.
     
  11. KatWoman

    KatWoman •••••••••••

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    Something I've been doing as of late, just for my own edification...

    I;ve been going through closets and drawers and clearing out anything I don't use, don't need, haven't touched in 18 months, and anything else taking up space that is unnecessary. For example...over the years I've built up the collection of perfume of make up. Half of it never gets used, some of it's been used on only a few occasions. I have only 2 perfumes and 1 set of eye shadows and 2 lipsticks I use regularly and will probably use til the containers are down to literally nothing. I tossed the rest because it's just there, all it shows is how much money I wasted to buy it and end up not doing anything with it.

    I have a plethora of office supplies in my home office that are just there. I am going through boxes and bins of crap. I will probably bring the usable stuff to my office and donate it there, then toss what can't really be reused. Again, just more crap sitting around only displaying waste.

    Am I becoming a hippy or am I trying to save the world? No. I am trying to reduce the collection of everything down to what I only use. If anything, it's just more garbage I have to pack and deal with if we were to move again. I have a cup on my desk that holds the pens I need and use. The other 8 packages of pens in the closet have been there for nearly 5 years.

    I also have 9 small moving boxes of junk from when we moved 3 years ago in the master closet. It's all the little things I had no idea what to do with, the little nick-nacks that don't go with the decor of the house we're in now, and a few sentimental things like my husband's childhood baseball card collection,a coin collection and some printed material for my graphic art portfolio.

    I won't even get into the garage and how badly it needs to be organized. That's my husband's turf...at least we are able to get both cars and the motorcycle in there :noes:

    I feel perhaps if I keep "stuff" around, the less inclined I will be to keep accumulating "stuff." :dunno: Just something I feel needs to be done.
     
  12. KatWoman

    KatWoman •••••••••••

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    Aww thanks :kiss:

    I have been down the same road before. I had to swallow my pride and literally have no life for awhile and put every last penny I could spare into getting out of debt. That meant no going out, very little dining out, no buying anything that wasn't a necessity. My credit was good, I just had a really bad debt to income ratio. But in the end it was very well worth it, I then had plenty of free money to buy my first house :wiggle:

    I did it, you can do it :)
     
  13. Hoss

    Hoss Nah, i had water yesterday

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    :cool: nice, i can see what you mean. i have random shit too
     
  14. Hoss

    Hoss Nah, i had water yesterday

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    :noes: i hope i dont
     

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