Home > Managing Debt > Debt Diva: The Cost of Changes – and Keeping Peace – in the Family

Comments 0 Comments

I still work 10-12 hours a day including weekends; I take work home. Shoot me now!  (Okay, not literally!)

I pay for 2-3 meals a day out of the house, daily. I spend more working than at home. I can’t eat my lunch in a meeting in front of a CEO. I am out of the house from 6 a.m. until 6 p.m.  Anyone have any suggestions for reducing meal costs??

Credit card debt—I have none. I am trying to tease my credit score by charging then paying off charges immediately. My credit card utilization is a bit low—so I will have to refrain paying off debt within an hour or two of incurring debt.

My credit score is stagnant, but it rocks. Emergency savings: my goal was $2,000. I have saved $6,000. I dump spare change and remaining checking balances into emergency savings. In emergencies, I loan myself cash. I then repay my emergency savings.

[Credit Check Tool: Try Credit.com’s Free Credit Report Card]


Credit Report Card
Check your credit for free with this great tool from Credit.com. It offers expert advice on how to manage your credit. And you can return every 30 days for unlimited free updates.
Sign Up Here »

My daughter drives a Prius, so I make her drive to eat, to shop, to do whatever. My car goes 5.5 miles in each direction to work and back. It is an economy car, but her car gets better mileage, so we use her car for most trips. It works for me, since I am saving, and most of her mileage is reimbursed.

My spending this week was not so good. My mother has Alzheimer’s—she is in an advanced stage. My sister and niece flew here. I paid for a long weekend of food. It was around $200 for the weekend. Much less expensive that their flights, but I have expenditures daily, weekly and monthly when I am the only one here caring for my mother. Is family peace worth extra expenditures?

[Related Articles: Read more from the Debt Diva]

My mortgage payment is double what I spent before and it still hurts. I doubled it to pay off debt faster, and it is the total of the monthly credit card payments I used to have. My checks are bi-weekly and the check that I pay my mortgage from seems really tight. It is just mathematics—I am not starving. I need to learn to save the prior check so it does not seem to be such a huge expense. I will get there—hopefully sooner rather than later.

My newest dilemma—my daughter is changing jobs. She is going from a bi-weekly to a monthly paycheck. She mentioned recently that I will need to cover her. It is obviously time for a long conversation about earnings and expenses.

My other major expense in the near future—I will be traveling to Seattle to visit my son and his wife. They purchased a new home and I am going to help them settle and do DIY projects. I will cover flights and care of my dog. It is so hard to part with cash after making such an effort to save for so many months!

[Featured Products: Compare credit score, report, and monitoring plans at Credit.com]

Image: Sarah G, via Flickr

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

Certain credit cards and other financial products mentioned in this and other sponsored content on Credit.com are Partners with Credit.com. Credit.com receives compensation if our users apply for and ultimately sign up for any financial products or cards offered.

Hello, Reader!

Thanks for checking out Credit.com. We hope you find the site and the journalism we produce useful. We wanted to take some time to tell you a bit about ourselves.

Our People

The Credit.com editorial team is staffed by a team of editors and reporters, each with many years of financial reporting experience. We’ve worked for places like the New York Times, American Banker, Frontline, TheStreet.com, Business Insider, ABC News, NBC News, CNBC and many others. We also employ a few freelancers and more than 50 contributors (these are typically subject matter experts from the worlds of finance, academia, politics, business and elsewhere).

Our Reporting

We take great pains to ensure that the articles, video and graphics you see on Credit.com are thoroughly reported and fact-checked. Each story is read by two separate editors, and we adhere to the highest editorial standards. We’re not perfect, however, and if you see something that you think is wrong, please email us at editorial team [at] credit [dot] com,

The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

In addition to appearing on Credit.com, our articles are syndicated to dozens of other news sites. We have more than 100 partners, including MSN, ABC News, CBS News, Yahoo, Marketwatch, Scripps, Money Magazine and many others. This network operates similarly to the Associated Press or Reuters, except we focus almost exclusively on issues relating to personal finance. These are not advertorial or paid placements, rather we provide these articles to our partners in most cases for free. These relationships create more awareness of Credit.com in general and they result in more traffic to us as well.

Our Business Model

Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

Visitors to Credit.com are also able to register for a free Credit.com account, which gives them access to a tool called The Credit Report Card. This tool provides users with two free credit scores and a breakdown of the information in their Experian credit report, updated twice monthly. Again, this tool is entirely free, and we mention that frequently in our articles, because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also a business angle to the Credit Report Card. Registered users can be matched with products and services for which they are most likely to qualify. In other words, if you register and you find that your credit is less than stellar, Credit.com won’t recommend a high-end platinum credit card that requires an excellent credit score You’d likely get rejected, and that’s no good for you or Credit.com. You’d be no closer to getting a product you need, there’d be a wasted inquiry on your credit report, and Credit.com wouldn’t get paid. These are essentially what are commonly referred to as "targeted ads" in the world of the Internet. Despite all of this, however, even if you never apply for any product, the Credit Report Card will remain free, and none of this will impact how the editorial team reports on credit and credit scores.

Your Stories

Lastly, much of what we do is informed by our own experiences as well as the experiences of our readers. We want to tell your stories if you’re interested in sharing them. Please email us at story ideas [at] credit [dot] com with ideas or visit us on Facebook or Twitter.

Thanks for stopping by.

- The Credit.com Editorial Team