Your finance Problems! What or How to deal with it?

Empire

Empire

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So, what to hear you guys' thoughts on this better, ideals and how would you deal with it.

Let's say you are unemployed with bills sky high and maybe you are in debt and you only have the crash for day to day living, then one day your home or maybe your car got destroyed or just broken, or maybe simple as your £300 phone no longer works or £500 to a max of $1500 Laptop/desktop packs-up on you. Hell, your microwave just burnt itself out. whatever the reason you have to come up with a replacement or fix that requires you to pay, and yet you have no funds fort, no extra money for it. You are stuck without that! So, How would you deal with that? how would you and where would you get that money from?
 
If I had no money and a lot of bills to pay, I would sell some or most of my possessions depending on if I have to move to a cheaper smaller apartment. I will also go to the government's unemployment office to see if I am eligible for unemployment money from the government until I find a job or a way to make money to pay off my bills to companies and people I owe money to.
 
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If everything crashed and burn around me with no hope, I'd kill myself.
 
I'd probably look at getting some kind of job first. Even if it was something like uber or doordash or whatever. Something that I could do to provide a little income. It might not be a huge amount... but it might be enough to turn the tides. To get a small emergency fund going.
It's not something that I'd want to keep doing long term though.

I'd also look into switching jobs into something that pays better. And using something like uber could be a good way to do it. (Employers like hiring people that already have jobs since it suggests you can hold a job and won't flake off.)

I would also take some time to work out a budget. Find out exactly where I'm spending all my money. And see if there are any places/ways that I could trim. Like if I saw I was eating out three times a week that would be one place I'd save some money. Or looking at my grocery bill if I'm buying a lot of more expensive items, I'd see if I could change some of them. Heck even maybe adjust my eating habits for a bit to be cheaper. Also any extra services I have that maybe I could do without (like any kind of premium things like netflix or whatever).
 
Luckily, my hubby and I both work. My hubby knows I have 1 rule.....leave me enough money to pay the bills first and whatever is left over at the end of the month, then you can go spend on fun stuff and what not.

A lot of managing money is just changing little habits here and there. It's a constant battle each day to make good choices, financially speaking, and you have to continue making those choices. It's not something that ever goes away.
 
WitchAssassin said:
Luckily, my hubby and I both work. My hubby knows I have 1 rule.....leave me enough money to pay the bills first and whatever is left over at the end of the month, then you can go spend on fun stuff and what not.

A lot of managing money is just changing little habits here and there. It's a constant battle each day to make good choices, financially speaking, and you have to continue making those choices. It's not something that ever goes away.
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I do hope you also put money away into savings right?
 
I feel the internet can be a good way to make money if your chances of finding a job or way to make money is very low because of high unemployment where you live or a bad economy like the Great Depression, riot, wars, etc.

There are sites like Fivver, Craigslists, eBay, Steam, iTunes, Uber, Amazon Marketplace, Twitch, etc for selling your services like coding, stuff, apps, and files like original recorded music or eBooks.
 
Jobs are not easy to get, One company put an advert out for two job position. Less than 24 hours they had over 2K people. One of the big stores has to layoff, 950 office workers.

I do have something to sell, going up for $65 and can go down to like $50 :) I always but the higher prices up then you can go down from that point. You can't go up but can go down. Wish that I get paid for gaming, well you can but just getting that job offer.
 
This is why savings are so important no matter how much you are making. I have my surveys for emergencies so its not too bad. It's not great money but when you really need it, you can make a decent amount per day
 
Saving is very important at uncertain times with the Coronavirus outbreak, and Robots/artificial intelligence taking more jobs away from more human workers. There is always a chance of not having enough money to buy food and electricity because of sudden expensive medical bills, and medicine, or losing your job because your workplace closed down because it can't afford to pay you anymore.

There are websites like Amazon Mechanical turk, Swagbucks, Mypoints, and Microsoft Rewards where users can make money doing surveys, voting on polls, web searches, writing video and picture descriptions, and doing other less technical online work. Users can make enough money for more affordable food like potatoes from doing a few hours of online tasks like surveys, so they won't starve because they have no money for food, or they can save enough money from doing surveys and polls to help pay for debt like student loan and medical bills.
 
We all should have savings and we all should over £500 that is for reserved :P
 
Empire said:
We all should have savings and we all should over £500 that is for reserved :p
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Depending on your age and where you live, £500 is way too low as well. Ideally, your savings should be in the thousands and should be enough to cover you for a few months in case of a problem
 
kingcool52 said:
Depending on your age and where you live, £500 is way too low as well. Ideally, your savings should be in the thousands and should be enough to cover you for a few months in case of a problem
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You'd be surprised how many people don't do that though. I know quite a few people that just live from paycheck to paycheck.
 
WitchAssassin said:
You'd be surprised how many people don't do that though. I know quite a few people that just live from paycheck to paycheck.
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Oh absolutely. If you can, it's important to save as much as you can. But realistically, it's not possible for a lot of people because they don't make enough especially with high costs of living.
 
Paychecks just cover there a week and after that week they have no cash to be saved, With job losses and with cost of living going up. Hell. No wonder there are a lot of people who are homeless or looking at going to places that they offer free food. Allot ask for help and donations.
 
Simple.

I replace the laptop the old fashion way..............I steal it!!! hahaha. Kidding.

I've never had money problems but about 1/3 of way is because I had money conscious and efficient of spending. Also I'm SINGLE!!!
Most likely I would find ways to reserve money within the next 6 weeks such as
  • FORCING myself to eat food sitting around that I've been avoiding a bunch of times to delay a grocery shopping date. That would save about $100/month
  • turning off all my lights often $15/m
  • avoid using my 2500wt oven and switch to using the toaster oven(700) = $12/m
  • Take more efficient showers and don't run "hot" water for unnecessary reasons or times = $15
  • Stop driving around as much although my car is very good on gas $20
  • not eat out $40
  • Have my fridge as full as possible. If I'm storing bottled water then pack it. Full fridges take about 65% less hydro = $15
  • Go through my closet and storage and finally SELL on classifeds all of my crap that has been hanging around for years but I never felt like selling = $5,000 at least!
  • etc etc.
 
Demon_Skeith said:
and I don't get how they can live like that.
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Some people may feel being poor won't last for the rest of their lives after their luck improve like their workplace joined a job union or their local government raises the minimum wage to $15 or more an hour, and improve working conditions for all workers.

There is always a chance of being more successful at an older age. Colonell Sanders who is the founder of KFC fried chicken was poor until he started KFC restaurants when he was 40 years old according to Colonel Harland Sanders
 
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