Ok so it's time to ask for help...I need help.

[mousefanmichelle]

Hi everyone!

I need some help. I got a call from my dh the other day becuz the auto shop we took our truck to back in late April was going through their recepits and found that our payment of $2000 was never debited out of our account like it should have been. We did not charge it but were taking the money out of our checking account. The money never came out and I didn't realize it. Poor accounting on my part. I was very overwhelmed at the time and didn't notice it and I just kept on keeping on. Well as my previous messages show you - we don't have the cash since we are struggling with this DMP and living expenses yadda yadda.
I have an IRA I can take the money out of but my DH says NO! he wants to work out a deal with auto shop to pay it to them weekly or whatever - well we don't really have the ability to do that.
Since I last updated you all my dh has been working 6 days a week, working at the farm before he goes to his regular job and he's been doing that 6 days a week too - working essentially 12-14 hours a day 6 days a week. He doensn't get paid in the traditional sense from the farmer but we get perks (beef, veggies, he bought my dh a new cell phone cuz his died). We stopped eating out, cut down our insurance, got rid of the land line, had a garge sale, I am trying but we are still struggling and this tops the cake for us .

What is the best thing to do - is it ok to take money out of my IRA or should I let dh work it out? I am really stressed out over this.

Thanks for your never ending support and help!
Michelle

 

[crisi]

DON'T take it out of your IRA. Your IRA is sacred (even in bankruptcy). Let your husband work it out.

 

[bumbershoot]

Let your husband work it out.

I'm hoping that both of you had oversight on the account and check register. Because if it was just one of you, that person needs to be prepared for the other to have some serious anger for quite awhile, if my situation can be extrapolated. My husband sent a check to a healthcare provider (after we got it from our flexplan), it was never cashed, he didn't notice until the entire summer was gone and alllll the money was gone. All the extra money that he didn't understand being in the account (he never learned out to truly balance a checkbook, but he didn't even write it down, just "did it in his head"), all frittered away. And then we spent the next 12+ months paying the guy back bit by bit. And that was just $800.

While I can look at it *now* as a learning experience that helped us get where we are now, at the time there was nothing but fury.

So be prepared.

 

[robinb]

Bummer . I'm sorry that happened when you were paying less attention to your cash flow. Let your husband work things out, or call Apprisen to add the $2000 to your debt and let *them* work it out. Good luck. This is just a bump in the road .

 

[bsusanmb]

Today I signed up for a DMP through Apprisen. SusanB you were right they are only charging me $25 a month

They program is going to run for 48 months. I can't tell you what a relief this is to actually have a plan in place and yes, 4 years is a long time, but doable for the most part. The next 4 years are going to be tough and I will really have to learn to budget and I will have to get creative here and there especially with Christmas just around the corner. Any income tax refunds we get will go straight to them to just pound it down! I can't wait until we make that last payment. What a good feeling that will be!!!!!!

Thanks everyone for your support, words of wisdom, kindness and your overall help!!!!!! It means much, much more than words can express!!!!



Michelle

Oh, Michelle, I am so so so proud of you!!! I know that once my program was set up and the calls finally stopped after 3 months, I felt like the world was lifted off my shoulders. I have paid off 12 cc/bills now. It is such a good feeling. I sent them a nice note a few months back to tell them how much I appreciated everything. I am still on the plan, but it is worth it. I have about 18 months to go. There will be times that you can put extra to it, and then again not. In fact, I had to skip one month which was a pain, because some of the companies make you start again with the proposal letters, but it had to be done. I couldn't work for 3 months and there was not enough money at the time. But back on track I went. You have taken the SECOND biggest step...1st admitting you needed help, 2nd, contacting Apprisen. They are a wonderful company. Best wishes to you, and many blessings.
Susan

 

[bsusanmb]

Hi everyone!

I need some help. I got a call from my dh the other day becuz the auto shop we took our truck to back in late April was going through their recepits and found that our payment of $2000 was never debited out of our account like it should have been. We did not charge it but were taking the money out of our checking account. The money never came out and I didn't realize it. Poor accounting on my part. I was very overwhelmed at the time and didn't notice it and I just kept on keeping on. Well as my previous messages show you - we don't have the cash since we are struggling with this DMP and living expenses yadda yadda.
I have an IRA I can take the money out of but my DH says NO! he wants to work out a deal with auto shop to pay it to them weekly or whatever - well we don't really have the ability to do that.
Since I last updated you all my dh has been working 6 days a week, working at the farm before he goes to his regular job and he's been doing that 6 days a week too - working essentially 12-14 hours a day 6 days a week. He doensn't get paid in the traditional sense from the farmer but we get perks (beef, veggies, he bought my dh a new cell phone cuz his died). We stopped eating out, cut down our insurance, got rid of the land line, had a garge sale, I am trying but we are still struggling and this tops the cake for us .

What is the best thing to do - is it ok to take money out of my IRA or should I let dh work it out? I am really stressed out over this.

Thanks for your never ending support and help!
Michelle

Well, Michelle, I will get flamed for this....but you have to do what you have to do. I took a hardship loan from my 401K, and I also took an early withdrawal. I had to. It was too much stress, I couldn't stand it. Everyone will tell you not to do it, and they are right. But I did it anyway. My DH didn't like it, but we did it. I couldn't count on living long enough to retire when I was so worried about where my next penny was coming from! So, my friend, do what you have to do. Whatever it is, it is your money, your future. No one can tell you what to do as they are not in your shoes. Blessings, Susan

 

[bsusanmb]

Bummer . I'm sorry that happened when you were paying less attention to your cash flow. Let your husband work things out, or call Apprisen to add the $2000 to your debt and let *them* work it out. Good luck. This is just a bump in the road .

That's a good idea if you don't get your car impounded or something...if they agree to be added to the debt management plan, that's a no brainer...but the place you owe the money to has to agree to it....or then again, let DH worry about it!!!