Comments on: A perspective on debt consolidation

By: A perspective on debt consolidation [ Gather Little by Little ]

A perspective on debt consolidation [ Gather Little by Little ] — Sun, 08 Jun 2008 00:08:43 +0000

[...] 22nd 2008 4:10pm [-] From: gatherlittlebylittle.com [...]

By: Debt Management on The Finance World For News and Information Around The World On Finance » A perspective on debt consolidation

Wed, 06 Feb 2008 14:08:47 +0000

[...] A perspective on debt consolidation Dont confuse debt consolidation with debt management and counseling companies. Debt management and counseling companies dont move your debt. They negociate with your creditors to work out reduced rates, new payment plans, … [...]

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By: A perspective on debt consolidation | Credit Consolidation

A perspective on debt consolidation | Credit Consolidation — Wed, 30 Jan 2008 06:37:14 +0000

[...] post by glblguy Share and Enjoy: These icons link to social bookmarking sites where readers can share and [...]

By: Carnival of Debt Reduction » My Dollar Plan has posted Carnival #124

Carnival of Debt Reduction » My Dollar Plan has posted Carnival #124 — Tue, 29 Jan 2008 05:39:30 +0000

[...] Gather Little By Little who gives a perspective on debt consolidation [...]

By: Carnival of Debt Reduction #124 | My Dollar Plan

Carnival of Debt Reduction #124 | My Dollar Plan — Mon, 28 Jan 2008 12:03:23 +0000

[...] presents A perspective on debt consolidation posted at Gather Little by Little. Instead of consolidating debt, glblguy is taking a look at the [...]

By: glblguy

glblguy — Fri, 25 Jan 2008 03:27:02 +0000

@Hi Glad – Wow, you have a lot on you. Do you go to church? Many times your church will have a financial counselor either on staff or as part of their ministry. I think that would be the first option I would look into.

If that isn’t an option, than I would suggest you sit down with your husband and work out a plan. Seems, based on what you are saying, the plan he has just isn’t working. I don’t think the issue is joint or not (although I have a particular bias). Regardless of where your money is, it has to be properly allocated and budgeted.

I’d suggest working up a budget together. This will allow him to understand all of the expenses and the amount of money required. Engaging him in the process will help him take some ownership of it.

Cut back where you can, and if you can’t cut-back, find more income.

But I would seriously reach our to your church for some help. They frequently have certified financial planners on staff or in the congregation that will help you at no charge.

Best wishes, and don’t give up!

By: Glad

Glad — Fri, 25 Jan 2008 02:27:02 +0000

I wonder if anyone has suggestions for us. My husband lost his job last year. We lost our house, and still have a ton of debt, partly from the house. I have made a budget. My spouse won’t do a joint bank account, and gives me money irregulary that is not a set amount but seems to be whatever he wants to give up. I am going crazy with this “method”. He just put in notice to one of his two low-paying jobs and will work 4 days a week for the other one. Our lease is up in May. The budget I did was based on the advice of an attorney for Chapter 7 bankruptcy, so without “extra” spending, (or less income), we would be paycheck to paycheck. Now the funds we had for legal fees is almost gone too.

By: glblguy

glblguy — Wed, 23 Jan 2008 15:49:03 +0000

Thanks sunsail I get them fixed. I wish they would do the same for me. I can stare at it for hours and not see it. Weird thing is I spellchecked it….hmmmmm.

By: sunsail

sunsail — Wed, 23 Jan 2008 14:34:17 +0000

GRS reader here. Great article! You’re missing a period after your third paragraph, and “negociate” is spelled “negotiate.” I’m a proofreader/editor. These things just jump out of the page and slap me on the face.