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Hi all,
I used to belong here years ago and don't remember my login, oh well. Anyways, I would really love some imput on my situation. Everyone thinks different and if there's something I haven't considered I'd really appreciate the input.
Situation is bad. We followed the Dave plan years ago. You know how it goes though, life struck us. We, my husband and I, were dual-incomed, no kids at home, just a mortgage, no cc's or debt, lived in our means, fully funded emergency fund, blah blah. Didn't count on job move and things that happens, and then the hubby was diagnosed with cancer.
Fast forward 2 1/2 years later. Hubby fought but didn't make it. We cash flowed a lot of things and paid off as much as we could, but even with health isurance, co-pays, max out of pocket per year per person, let me tell you, it's not cheap. Big emergency fund gone, save a grand. Small life insurance policy coming, but will in no way come near what medical has accumulated to. Credit score is about to take a huge dive (we were both in the 800's). As it stands right now, the hubby was the single wage earner. I worked up til this past winter but quit job to move closer to hubby's job.
Anyways, here's where it stands. I'm unemployed. I was about to get licensed for hair (which isn't stable, I know) but broke wrist 5 days prior to state exams. I am licensed in radiology tech, area I live in is saturated, 2 schools within an hour of each other in a rural area churning out students every year. If I were to find work doing that it would be a 2 hour drive. Not real feasible. My debt includes the mortgage which is passed solely to me, a 5k bank loan we borrowed to buy this cheaper, older home (to get rid of bigger, newer, more expensive home when we moved this past winter), and medical.
A talk with a lawyer has advised medical bancruptcy, which I'm not fond of, but not seeing how I can overcome this medical. Did I mention I needed surgery on wrist that I broke and will be wearing an external fixator for 3 months with another month of physical therapy. So add those copays and max out of pocket on me, along with the hubby. Medical debt if i had to guess (still waiting for them all to get in) around the 40k range.
At this point, not sure what to do. Not sure about the hair thing. Xray would have me on the road continuously in winter conditions. Should I go back to school?? Am fortunate in that there was a little bit of life insuance to pay off funeral, and some that I'm hoping will be allowed to get me by until I can work. My daughter, 23, had fortunately moved in with us before this last bout of cancer hit a few months back, and will be paying half rent and utilities. I do have a paid for '06 Honda that'a been meticulously maintained with 65k miles on her, so that's a relief.
Am I forgetting something? Anyone have someone go through a similar situation? I still don't know what I should do for work once I am able to again. I do have 1k emergency fund, would like that higher, but for now, that's it. If all else fails I can dip into hubbies IRA, not wanting to. Just never been here, nor have anyone close to me go through this to know what options are available to me. Never thought he would be gone at 40, and I would have to even conceive of this at 41. Yeah, yeah... term life insurance. I was doing Dave's steps, before that part he was diagnosed. Couldn't even get credit life on this mortgage, I tried, was pre-existing. Shoulda coulda woulda. This is where I'm at now. Would love any input. Thank you.
I used to belong here years ago and don't remember my login, oh well. Anyways, I would really love some imput on my situation. Everyone thinks different and if there's something I haven't considered I'd really appreciate the input.
Situation is bad. We followed the Dave plan years ago. You know how it goes though, life struck us. We, my husband and I, were dual-incomed, no kids at home, just a mortgage, no cc's or debt, lived in our means, fully funded emergency fund, blah blah. Didn't count on job move and things that happens, and then the hubby was diagnosed with cancer.
Fast forward 2 1/2 years later. Hubby fought but didn't make it. We cash flowed a lot of things and paid off as much as we could, but even with health isurance, co-pays, max out of pocket per year per person, let me tell you, it's not cheap. Big emergency fund gone, save a grand. Small life insurance policy coming, but will in no way come near what medical has accumulated to. Credit score is about to take a huge dive (we were both in the 800's). As it stands right now, the hubby was the single wage earner. I worked up til this past winter but quit job to move closer to hubby's job.
Anyways, here's where it stands. I'm unemployed. I was about to get licensed for hair (which isn't stable, I know) but broke wrist 5 days prior to state exams. I am licensed in radiology tech, area I live in is saturated, 2 schools within an hour of each other in a rural area churning out students every year. If I were to find work doing that it would be a 2 hour drive. Not real feasible. My debt includes the mortgage which is passed solely to me, a 5k bank loan we borrowed to buy this cheaper, older home (to get rid of bigger, newer, more expensive home when we moved this past winter), and medical.
A talk with a lawyer has advised medical bancruptcy, which I'm not fond of, but not seeing how I can overcome this medical. Did I mention I needed surgery on wrist that I broke and will be wearing an external fixator for 3 months with another month of physical therapy. So add those copays and max out of pocket on me, along with the hubby. Medical debt if i had to guess (still waiting for them all to get in) around the 40k range.
At this point, not sure what to do. Not sure about the hair thing. Xray would have me on the road continuously in winter conditions. Should I go back to school?? Am fortunate in that there was a little bit of life insuance to pay off funeral, and some that I'm hoping will be allowed to get me by until I can work. My daughter, 23, had fortunately moved in with us before this last bout of cancer hit a few months back, and will be paying half rent and utilities. I do have a paid for '06 Honda that'a been meticulously maintained with 65k miles on her, so that's a relief.
Am I forgetting something? Anyone have someone go through a similar situation? I still don't know what I should do for work once I am able to again. I do have 1k emergency fund, would like that higher, but for now, that's it. If all else fails I can dip into hubbies IRA, not wanting to. Just never been here, nor have anyone close to me go through this to know what options are available to me. Never thought he would be gone at 40, and I would have to even conceive of this at 41. Yeah, yeah... term life insurance. I was doing Dave's steps, before that part he was diagnosed. Couldn't even get credit life on this mortgage, I tried, was pre-existing. Shoulda coulda woulda. This is where I'm at now. Would love any input. Thank you.
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