This is another interesting thing to me. It only takes about one month out of work before you start to see problems. If you are out of work for 2 months wether loss of job or an injury, you WILL have to resort to those credit cards for food, gas, utilities, and other loans that you normally pay cash for each month.
so...it will take 4 months to actually catch up, but you will still be in extra debt for those two months you lost work. This is exactly what is happening to me. After being out of work for one month, only working part time the second month, I am already seeing the fall back into charging on cards to get by.
If you make $5,K a month & your bills equal that, you can easily be in 10,000K debt in two months just by using the cards & having no income.
I only net about 1,300 a month (yes I am poor) & one of my cards is already at that mark just for normal bills. This does not include the card for perscriptions & truck repair.
so...it will take 4 months to actually catch up, but you will still be in extra debt for those two months you lost work. This is exactly what is happening to me. After being out of work for one month, only working part time the second month, I am already seeing the fall back into charging on cards to get by.
If you make $5,K a month & your bills equal that, you can easily be in 10,000K debt in two months just by using the cards & having no income.
I only net about 1,300 a month (yes I am poor) & one of my cards is already at that mark just for normal bills. This does not include the card for perscriptions & truck repair.
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