Hi everyone, first let me say thank you for your time and potential advice.
This year I was diagnosed with an autoimmune disease and cancer. I haven't been able to work all year and so a lot of expenses have been put on credit (co-pays, medical bills, utility bills, groceries, etc) and I'm having to contend with that now. I have four kids, and buying presents this year is out of the question, unfortunately, but I have wonderful children that understand.
So! This is what I'm looking at-
Credit card #1 2350 ($70/month payment plan until Feb)
Credit card #2 2150
Credit card #3 2050 (no payments until Feb)
Credit card #4 1100
Credit card #5 1050
Credit card #6 670
Credit card #7 610
Credit card #8 520
Credit card #9 400
Credit card #10 300
Credit card #11 250
Credit card #12 160
Credit card #13 65
Outstanding medical Debt- $720
Outstanding medical debt in collections $2150
General monthly payments:
Student Debt- $13K/$0 month (no payments due this year)
Car- $13K owed/$360 month
Home- $170K owed/ $1100 a month (including taxes and insurance)
Car insurance- $260 a month
Groceries- paid through the end of the year, normally $400 a month
Pet food/care- $80/month
Internet- $70/month
HOA- $410/month
Health care- $800/month (including dental/vision/FSA- and we don't qualify for state insurance because they count gross income and it's too much in our state)
Subscriptions/IRS payment plan- $75/month
Laundry/household- $100/month (no washer at home)
Electric bill- $250/month
Phone bill- $200/month
Storage- $45/month
Transportation (only gas, not including maintenance)- $200/month
We were doing fine when I was working, however with my diagnosis and so much having gone on credit this year, I feel like I'm in a hole I can't dig out of and I'm worried every day.
Income: net $3900/month right now and for the foreseeable future (that's after healthcare premiums/FSA payment/taxes/we don't contribute to our 401K anymore)
All credit cards are roughly the same interest rate (23% on average- terrible, I know)
I would be so grateful for any advice. I feel like I'm failing my family.
Submitted November 20, 2020 at 09:32PM by Spinachneggnog https://ift.tt/2INlp01
