I am about to the end of my mental and financial rope.
Car is broken. Timing chain major problem Father-in-Law thinks. Car is parked and not able to be driven in my work parking lot. Called the mechanic... $800 to fix it.
So I had to scramble to get insurance and plates on the Neon so I could drive it to work the next day.
I had to pay $611 for 6 months of insurance up front. I could have paid for only a month + a fee, but it was over $100 difference not counting the fee.
Of course I didnt have that much money on me, so I had to borrow $500 from my mother.
Then I have to get it titled and plated, and that cost $240.
I had put the propane bill on my credit card, and had the cash in the checking account to pay for it. But I had to use that money to pay for the plates. So now,
I have over $500 on the credit card.
I owe my mother $500.
I had to take $100 out of my EF.
I owe my grandpa $3,000.
My car is broken down in a parking lot and has to be fixed to the tune of $800.
I have to put $250 in my IRA before April 15th.
This is the most debt I have ever had. It is really stressing me out. I went from $0 debt to close to $5,000 in just a week or two.
Father in law is throwing around the idea of taking on the timing chain himself. It would only cost $200 for the parts. I am a little weary to let him do it.
Praying everything with work out, and I will be able to catch back up quickly.
Stressful Days
March 12th, 2014 at 03:03 pm
March 12th, 2014 at 03:12 pm 1394637138
Some things to consider: How much could you sell car for without timing chain, how much with? Can you wait to do the repair? Your mom probably can wait for her money. You can skip you Roth contribution...unless you already reported it on your tax return. Do you need to sell car to pay Grandpa? Will he wait on cash, too? Try to figure different scenarios and figure which item really needs to be tackled first. It will work out.
March 12th, 2014 at 03:17 pm 1394637428
March 12th, 2014 at 03:55 pm 1394639729
I could NOT sell the care right now. Its not safe to even drive it at this point. Its not just a rattle anymore. Its a major problem. I need to sell the car to pay grandpa. Father-in-law has not done a timing chain before, but him and his brother would do it together, and his brother has done it several times. So I think they could do it. But I am just not sure. I cant wait too long to do the repair because like I said the car is parked at work, and I am sure they dont want it left there for much longer.
At this point I am going to pay down the credit card first, and put back the $100 I took out of my cushion. Then I will pay the Roth. After that I am not sure.
Husband will get an extra $150 of overtime this week, so that will help some.
March 12th, 2014 at 06:52 pm 1394650368
March 12th, 2014 at 07:13 pm 1394651606