We are again using our payday loan to survive our monthly bills. The reduction of extra hours on my husband’s job is putting us on a bad financial situation again. Our two incomes are not enough for the monthly expenses especially on those months when we have insurance payments, dentist appointments, medical expenses and so on.

March will be a really tough month, we have one car insurance to pay plus a temporary car insurance to pay because my car is going to be stopped for repair and I’ll be using a borrowed car. That borrowed car has no insurance so we have to pay for a temporary one while my car is being repaired.

I use an excel spreadsheet to manage my finances and looking through all the expenses I see that I can only save money on…groceries. We have to pay gas, electricity, water, mortgage, daycare, cable tv, these are fixed expenses I can’t avoid, food is the only expense that vary but how can I save in food without giving up eating? Credit card is already been used and I can’t see how we can deal with our expenses without falling into debt again.

Asking for a personal loan is not an answer because if we get one we will pay our debt but we will have another monthly payment to add to the ones we already have and that’s unthinkable right now because, if we can’t afford the payments we already have how are we going to pay for another one.

Using the credit card again was out of the question since we were able to pay off our credit card debt last year, but due to the present circumstances we have no choice. I know the dangers, I know credit cards are very attractive but I’m using it to survive.

I know that probably next month we will receive the refund of our taxes and it will help a lot with our debt but I hate depending on “to-come-money”. For now I just have to find a way to decrease my monthly bills. Any ideas and tips are welcome!

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