Announcement

Collapse
No announcement yet.

Justbroke's Chapter 13 Rant

Collapse

Unconfigured Ad Widget

Collapse
This is a sticky topic.
X
X
  • Filter
  • Time
  • Show
Clear All
new posts

    #16
    Everyone should read this, very important stuff! I wish i knew now what i knew back when i first started.

    Comment


      #17
      I do agree there should be money figured in as a cushion. They definitely put you on a VERY tight budget

      Comment


        #18
        JB, you are absolutely correct about a budget being blown out of the water for one item going up. One of the other issues is how to factor in life changing moments like the cost of a child going to College. Then trying to figure the costs for those expenses. My child had been accepted by Embry Riddle Daytona which was her dream choice but at over 80,000 a year and only enough money for a local state college her options were rooted in reality. She has finally come to terms with her current degree and has a pretty manageable student debt, that I will assume once she completes her 4 year degree.

        Comment


          #19
          This rant has given me some serious insight in my planning. I’m still quite a ways from filing my Chapter 13. The rant and some of the subsequent replies has given me reason to decide to actually track my expenses prior to actually figuring out my proposed budget schedule. When I file, I will be in a 100% repayment plan lasting five years. (I’ll go into that more in other threads.). When I first looked at the budget it seemed easy. Just plug in some numbers. Estimate a little over for cushion. I did not really think about exactly what groceries cost because I only thought about the weekly tip to the grocery store. What about that milk run? Getting some bread? And those school lunches. Again, thank you for your insight.

          Comment

          Unconfigured Ad Widget

          Collapse
          Working...
          X