Hey everyone, I'm 27k in debt and considering bankruptcy in California.
Two years ago my wife and I both had unexpected job changes and our income was cut in half. Our expenses were 1.5k over what we could afford.
Most of them, rent and tuition, were unable to be adjusted for another 10 months. I burned through my 3 month buffer and then my savings. I was used to paying my balance every month. Once the balance hit I suddenly had a credit card payment added to my deficit budget.
A bit into this mess and I get injured training for a fight. I was a boxing coach. I decided to pull my youngest from daycare and watch him myself since my income was now even more strained.
I cut expenses where I could. Moved from our apartment $1300 to two rooms for $600. Private school 1000 a month to public and no more daycare.
We currently only make around 2k a month.
Current monthly expenses Rent: 600 Gas: 100 Card A minimum: 550 Card B minimum: 500 Food: remainder
Balances Card A: 20k Card B: 7k
We have no family to fall on, my wife's parents are dead and I've been on my own since 16. I really want to hear what my options are.
Submitted October 28, 2018 at 11:15PM by Throwaway8889992 https://ift.tt/2D7tY0Y
