Post # 1
I am a stresser by nature and especially when it comes to money and bills. I pay everything on time, (and even way ahead of time sometimes) but I’m always looking at our bank account, what bills are due, working through our budget…etc. So therefor I’m always thinking about money and stressing over it because its usually lacking. I just found out FH and I have about 28,000 in debt combined and thats scary to me although I know many people have way more than that. So, is anyone else like this? Any tips on how to relax over the money topic? I’ve never NOT had money to pay something, but FH and I also do not have a savings account (we just moved a few months ago, wedding in a few months etc). Feel free to share anything about the topic!!
Post # 3
I think you need to have a serious conversation with your FH first of all. It sounds like you have different money styles since you always pay your bills on time and he has lots of debt. You two need to figure out how you are going to work the family finances. Are you going to have a joint account or seperate accounts? I personally would be nervous about combining accounts with someone who had a problem with spending until you figure out a way to get the spending under control.
Post # 4
@MrsSaltWaterTaffy: No no, FH and I have $28,000 in debt combined and most of it is mine! About $10,000 is his (sorry if that was confusing). $18,000 is in student loans for the both of us, the rest is car payment a small personal loan and a VERY small amount on a credit card.
Post # 5
Check out Dave Ramsey’s website.
Post # 6
I’m a worrier too and my Fiance and I have much, much, much more debt from student loans. My suggestion (Though it hasn’t stopped by worrying, it does help limit my stress) is to remember that we do have a plan, even when it seems too difficult.
Post # 7
Oh sorry for getting confused!
I loved Suze Ormans book Young Fabulous and Broke. I think it could really help you out.
I don’t worry as much now but I still watch my accounts like a hawk and log into them practically every day.
Post # 8
I think that sitting down with Fiance and writing out a budget would help you calm your worry. Set one up in excel for the next year, so you can see clearly the money in and money out plan. You sound a lot like me in being organized with money, and actually having that tangible file I can look at and update as I pay bills helps me not stress about it.
Post # 9
@MrsBrightSkies: Good idea! I do have what bills I want to pay when, how much, what extra things I will need to pay for (birthdays, travel, appts etc) on a piece of paper thats 6-8 months out and that REALLY helps. So every week I get paid I know exactly what bill I need to pay.
Post # 10
I have $40,000 in student loans and Fiance has $7000… that is NOT bad debt… it seems like a lot but that is less than 20% of the entire tuition costs, so its not too bad – but it is SCARY… it seems like we will never pay it off sometimes..
and now with the wedding, the majority of our extra money has be set aside for the wedding costs… so we arent paying our debt down as quickly…
my advice for you is not to worry as long as you can make the monthly payments… if you are having a hard time with the payments contact the loan holder immediately – they wantt heir money back so they WILL work with you… the worst thing you can do is pay nothing or ignor the problem…
If you dont have any extra to pay them down faster try paying smaller ammounts more frequently… like a little bit from each check… our mortgage company showed us how much we can save (like 10% over the life of the loan) just by paying the same amount biweekly instead of monthly… it is amazing!
If you have extra money then check out Dave Ramsey’s Debt Snow Ball method… pretty neat!
good luck hun!
Post # 11
I litterally just posted a thread about how I’m stressing out about finances…..and I have no idea how to cope…:-( good luck
Post # 12
oh man, totally feel you! I guess I never even thought about student loan debt as *debt… there is nothing I can do about it really. I mean pay my 400.00$ a month until we can afford to put more towards it… hoping it will be paid off before the 15 years that I have left on it. School was expensive, and I just hope I can find my true career and passion soon. sigh!
Post # 13
I have no advice, but maybe just breathe. Easier said than done I know. I too am a stresser by nature! I always am doing and re doing our budget! I work at the bank too, so I have access to seeing every activity on our account… OMG you would think that would be good but its not lol. You just need to come up with a plan to pay your debt down faster, so you dont worry about that. Then it sounds like if you are paying bills on time or early that you are having enough money to get everything done and paid for, just use a calender or your phone or something, and keep organized so you dont need to stress daily, and you just know when you need to complete a task or pay a bill. I hope this makes sense I feel as though I am rambling.