Open Question: headed for financial ruin?

[Administrator]

I am feeling the pinch. My husband and I tried refinancing the home and got turned down because we owe more than it's worth. Same with the car. I still owe 16k on the car and it's worth 9k. I am on the brink of financial ruin. I am a student but I work as often as I can. My husband works full time. This is what was spent last month: Mortgage: 1600 automobile: 520 car insurance: 110 health insurance: 200 cell phones: 100 internet: 50 electricity:100 utilities: 40 Gas: 370 tolls: 50 groceries, toiletries, pet products, etc: 600 No cable, no home phone, no going out to eat, no clothes shopping, no credit card debt, and one vehicle is paid off. Total spent last month: 3740 Total income: 3891 We are hanging on by a thread. Any suggestions are appreciated! We do not have children, just three pets. Thanks for the feedback so far. Here are the answers to some of your questions: The gas expense in for gasoline for the vehicles only. My husband has a long commute to work. I am wondering if it would be worth it for him to find a job closer to home. He loves his job though. Yes there are hours where I could get a job, and my husband can probably work weekends. I don't know if my husband and I can get by on one car. I guess I have to figure out how we could make it work. He has his job and I have my school, tutoring, & babysitting. I guess the tutoring and babysitting doesn't bring in that much money and maybe I can carpool to school. I have to figure it out. Yes, I am paying for school with student loans. My degree going to be in speech and language pathology, a field that pays well and is in somewhat high demand. I have to complete six years of school and I am on my fourth year. It might be a good idea to take a semester off to work and save up some money.

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