a broken furnance, credit card debt, what to do, and and being “lucky”
Here’s what NOT to do when you’re broke: “payday loans.” (Which are now illegal in Oregon and 14 other states, thank God.) And avoid the damn credit cards, if possible. Get a roommate, move in with friends, reduce expenses, stop eating out, walk and don’t drive, take the bus and don’t pay for parking, balance the checkbook daily, don’t rack up “courtesy fees,” switch to a credit union, on and on. Yes, we know all this. Pay with cash when possible, put your money in little envelopes marked “groceries,” “leisure,” “emergency,” turn down the thermostat, donate money, supplies and volunteer when you can… But what about if you’re already over the edge? Hang on. You just have to hang on. Try to have hope when it feels like there is none.
Here’s what else you can do: Watch this show. It’s a Frontline special called “The Card Game,” all about the credit card fiasco our nation is diving into headfirst. We caught the end of it last night, it’s good. (more…)