Im a Full time employed single mum of 2 year old trying to clear debt of 10000.I havent a penny?
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If you are like me, you and your child probably have this addiction to food. I suggest you talk to your current employer and explain this fact to him and that if he doesn鈥檛 put you on a more regular schedule you will be inclined to look for work elsewhere. Additionally, you might want to see if there is any work you can do. Like pet sitting or house cleaning.
After you have steady income I suggest you start saving for an emergency fund. This is for EMERGENCIES ONLY! A new dress or the latest new shoes for the little one is not an emergency. Put it in a place where you will actually have to break the glass to get to it. I suggest saving $1000. CASH! I don鈥檛 know how old your child is, but I am guessing he or she will get sick. That鈥檚 what happens when you have kids. When they do, you will need that money to pay for medicine.
At this time I suggest you start a budget. You look at what you are bringing home. You figure what you will need for food, clothing, shelter, transportation and utilities. You save for your emergency fund.
During this time, you are not paying on credit cards. You are doing you best just to provide an existence for you and your child. Chances are you will fall behind on your CC bills. You might get calls from collectors wondering when you will be paying them. More often than not, they will more than likely say nasty things about you, your family and anyone else. I suggest you read the Fair Debt Collection Practices Act to know your rights. If they start abusing you over the phone, hang up on them. Just remember they are not your friends.
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