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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP Here- Thanks to the people who responded. I am looking for Inspiration and motivation. I am 30, divorced, has a child and make $70k/year, I feel like i will never make it because I live paycheck to paycheck, my expenses are high because this is a HIGH COL area. I barely save for retirement has less than $10k in retirement, $6k in cc debt ( i was short on daycare so had to pay for it on my cc )  $5k left on the car loan ( car totaled, did not have any savings so had to borrow to get a car) 0 savings. I feel like Iam in a vicious circle and this will never end and I will never make it out, save for my child's college or buy a house. Funny thing, i come from a well-off family, went to private schools all my life, then college and grad school all paid off by my parents and I still can't make it grrrrr [/quote]

There's a consistent thread in all of this advice, OP. Pretty much everyone on here has expressed support (in one way or another) for living below your means. You are not doing that. [b]No one spends their way out of a bad financial situation[/b]. You must sacrifice your way out. Can you make some changes to make that happen? Can you, for example, move in with your parents? Or, perhaps you could move in with another single mom and share child-care duties? You have a hard choice before you, OP: sacrifice QOL or sacrifice financial security. It really is that simple.

Before you freak out at the thought of that sacrifice though, I can say that it's really not so bad. My BFF lived for five years with two incontinent cats in one room at her dad's house when she needed to get herself together after her ex left her with $40k in cc debt. She hated it a lot of the time, but she left with no debt, a small nest egg, and a better relationship with her dad than she'd ever had. Some of my closest friends now are people I roomed with when we were broke. We had a blast! If you look at it as an adventure and an opportunity, instead of as *only* a sacrifice, you could find that living below your means is actually... fun.  [/quote]

Thank you for the advice, I really don't think i overspend. Everything that I pay for is a NEED, not a Want. I live in a 1 bedroom apartment, rent is $1500, utilities:200-250/month (no cable). Phone:$50, Daycare:1300, CAR ins:130, car note:300, Gas:200, food:500, CC:300 (Trying to pay them off). I don't get child support, I don't have family around so can't move in somewhere to save money, ex-husband will not allow me to move out of state, so I am pretty much stuck in this area. i can not decrease any of these expenses because they are all necessary. I can not live any further out , I already live far enough and only have a 1 bedroom, really I just don't make enough money but I am not a spender, I rarely buy things for myself, spent 0$$ for xmas. I will not be able to get out of this, unless i earn more[/quote]

I am the poster who hates the Mall.  No, you dont overspend but its always possible to spend less.  I grew up in a single room with my entire family.  One of our places had no kitchen.  I am telling you, you can scrimp even more.  But I understand it's hard.  The little luxuries, like a bedroom, are hard to give up.  Back in the day, dh and I lived in shithole apartments when friends of comparable wealth lived in luxury apartments paying $5000 a month in rent.  This was a long time ago.  Im sure some people laughed at us or pitied us ("they can't be doing well").  We didn't care.  We had a plan.

Children aren't traumatized if you don't have a bedroom.  I shared a bed with my mom until I was 17 (oh, the horrors, right?).  That's all we had and it was okay.  Sock some more money away and bring some financial security in your life.  It will bring you more peace of mind.

Maybe you should think about fighting that prohibition and liivng where its cheaper.  Texas, Nevada and Florida all have no state income tax, I believe.  The Midwest has good people and lower COL.[/quote]

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