We don't have any current credit card debt if you can believe that. I'll try to break it down as best I can.
In October of 2007 my husband had an accident and we had no insurance. Because he had been drinking, the restitution could not be included in our Chapter 13. So we owe $2,984.40, that's broke down in $100.00 a month payments. Here's a list of the rest of our monthly reoccurring debt.
Mortgage: $1,485.27 / 8.5% interest Fixed / $154,629.05 balance
Restitution stated above: $100.00
Car loan: $155.33 / 7.3 % interest / $4,854.00 balance
Cable / Telephone / Internet : $150.00 a month
Electric: $60.00
Gas: $150.00 (avg.)
mobile phone: $155.00
sewer / trash: $50.00
water: $68.00
vehicle gas: $320.00
groceries: $650 per month
Those are our reoccurring bills monthly. Our income presently is $3634.00 and that's after the bankruptcy garnishment of $668.00 a month.
When I start working we'll be adding an extra $880.00 a month for child care. At the moment I have been looking for work and have 3 interviews next week. We have no equity in our home. We've been here for almost 4 years, but the interest is so high that we're paying $1,241.34 in interest a month and only $183.93 towards our principal.
After I'm employed I'll bring home about $1500.00 a month (I can't work for anything less than that).
My husband and I are not the best with our finances. I try, but more often than not I find myself failing miserably
