Living From Paycheck to Paycheck. – Angelene

“Dear Steve,

Really high credit card debt accrued through the years of being a student then getting married and having a kid. On top of that, I still have my student loans to pay for and a house mortgage. Our household income is good, it just seems to all go to our debt. We are able to make all the payments on our debt, though only minimum payments with the credit cards which now has higher interest rates since the changes in the Federal government laws to credit card companies. So nothing seems to get paid down.

What would be the best solution for my situation? I want to be able to have some spending money and save on a monthly basis but most of our money just go into our credit card debts. Then in turn makes us use our credit card just to get by for the next month with even the basic necessities, like food and gas. We’re living from paycheck to paycheck. It’s a vicious cycle and I’m afraid one day we won’t make our payments. Help!


Dear Angelene,

I have two questions for you first.

  1. Are these government backed loans?
  2. How much do you have to put on credit cards each month to get by?

I can get you headed in the right direction here but just need some more information.

Please post your answers in the comments section below.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

Damon Day - Pro Debt Coach

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