Quoting Post Archived Topic: It will not be bumped to the top of the forum. Topic Financial Problems... Stressed the fuck out. Membername   Not a member? Sign Up Free (takes 20 seconds) Password   Forgotten your password? Post Font: Verdana Arial Black Georgia Comic Sans Impact   Size: Tiny Normal Big Huge   Color: Default Dark Red Red Orange Brown Green Olive Cyan Blue Dark Blue Indigo Black [ Check Spelling ] [ Post Preview ] [ LiveTags ] Quote: from [m]Latin Muscle[/m] at 3:03 pm on July 1, 2008[quote]The best thing to do right now, is for you to work. Help them pay the debt. You won't like it...but it will be the right thing to do, so you guys don't hopefully get evicted. [/quote] FAQ Keyword Search: Post Options Favorites Manager Notify me of new replies to this topic by email Notify me of new replies to this topic by private message Original Post Anonymous Posted at 3:01 pm on July 1, 2008 I'm 18 years old, and living with my parents. The original plan was that I could live with my parents as long as I am attending school, which they had agreed to pay half of. I recently found out that my dad is $125,000 in debt. Now hes struggling because he cant cant any more loans to pay the bills. The thing that frustrates me is that he allowed himself to get this far into debt, and was never willing to admit to himself that there is a problem. He's owned his own business for the last 15 years. It's finally come to an end, and he's not getting business anymore. So now he sits around the house, surfs the net for a few hours making himself think he's working by looking into opportunities. He also spends hours doing pointless crossword puzzles. Now my mother is the only one bringing in an income. He blames everyone else when we are short on money. When he is the one that has become a bum. My mother is currently working 50 hour weeks to make up for his short coming. Yet it's still a never ending argument when she has no money. It pisses me off because when the problem began, he was still spending money, and overextending himself. Had he admitted there was a problem earlier, then things may not be the way they are now. So this means... College is going to be put off for some time, I cannot afford it on my own. There is only one realistic option, move out and make it on my own. Get a job, and start from the ground up. My hopes and dreams have been shattered, as they seem like a distant fantasy now. I don't know what I'm going to do. Everything has happened so suddenly. With no idea where I am going to move... Every last penny of my savings spent towards helping pay for "bills" that I apparently am now responsible for when originally agreed to be paid for by my parents. I didn't expect any of these things. Had I known, I would have refused to continue living the lifestyle that I do. Somehow I suddenly feel guilty.

Replies earthjunkie Posted at 3:17 pm on July 1, 2008 There is no bad guy in your house. Your dads depressed. He probably thinks hes a failure. Get him a job. Yes, you need to get him a job, whether its at McDonald's or as a store clerk. Once he feels like he's helping the family, he'll get a job that suits him. Stay home. Thats by far the best thing you can do for your family. Take some courses at the local community college, and get a job. Not like a fast food job or anything, but a job that can help you and you may be able to advance. I'd strongly recommend taking the iron worker's exam, maybe even for both of you. In New York, an iron worker can make over $200,000 a year. I'd suggest putting off college a few years, but strongly recommend taking courses at the community college, like I said before. You won't get out of the groove of school, and it may either lighten the work load or even eliminate a year of college. dragonking Posted at 3:15 pm on July 1, 2008 Sorry things are so tough.  Your Dad should look for jobs in person too and needs to plan on how to spend money.  Don't go buying things your family doesn't need.   I think you should stay with your family because they need you now.  Maybe you can work full time and go to college at night. Crippling Velocity Posted at 3:13 pm on July 1, 2008 Quote: from Markusseven77 at 3:03 pm on July 1, 2008 many many more people are going to have the same problem here in America when 2009 gets here. We will be in another GREAT DEPRESSION when 2009 comes. lmao, seriously? we're not even in a recession yet imakethetest66 Posted at 3:09 pm on July 1, 2008 This could end up being a good thing after all. It sounds like you may qualify for Financial Aid. It depends on how much money your mother is making, though. It also depends on the college and how they work with Financial Aid. You may not be able to go to the college of your dreams, but I believe any college is experience and you're learning the skills needed. If that doesn't work out, then you may end up getting a student loan, but make sure you play it smart. It would be easier to get a student loan, since you would be making payments and wouldn't need all the money at once. Just make sure you don't use all your extra money on things you really don't need. I think at the moment it is bit of shock to you, but you will figure things out, since this is something you really want. Don't give up and stay determined. quiteanart Posted at 3:05 pm on July 1, 2008 Not to be mean, but I'd just move out =/ There comes a point where you have to take care of yourself. And as for school, there are grants & such. And if not that, you could always turn to loans. Latin Muscle Posted at 3:03 pm on July 1, 2008 The best thing to do right now, is for you to work. Help them pay the debt. You won't like it...but it will be the right thing to do, so you guys don't hopefully get evicted. Markusseven77 Posted at 3:03 pm on July 1, 2008 many many more people are going to have the same problem here in America when 2009 gets here. We will be in another GREAT DEPRESSION when 2009 comes. All 7 previous replies displayed.