facing severe financial crunch. What do i do?
467659
Contact your local Small Business Administration office.  They have counselors who can look over your business and make recommendations.  Their services are provided free (govt. agency).  Many of the persons working with and through them are retired executives and business leaders or educators.\n\nBest wishes.
427882
Pay off any debts you have.  Start investing in a 401k or mutual fund.  Buy a house as soon as you can-- still the best way to build capital long term.
844291
The only path from struggle to wealth is to spend less than you make, it really is that simple.\n\nIf your boss came to you tomorrow and said "I can either lay you off or give you a ten percent paycut, your choice...", most likely you would take the paycut.  So give yourself a paycut! When a check comes, regardless of the bills and the rent, take ten percent off the top and invest it in a broad market fund.  (Something like 'Spiders', maybe...)\n\nPay off all your debt (smallest first until it's gone, then the next, etc.)\n\nDon't amass any more debt.\n\nNever drive a new car.\n\nNever pay for coffee someone else made!
477328
I suggest you to stay away from annuities.\n\nIf you need help with your finances drop me a line.
211844
I too am a bit down about not having anywhere near enough money ALL the time. It might help if you sat down with pen and paper, worked out how much is incoming and outgoing....If you're not on enough money at work, try and get a better paid job or even put in some more hours. by putting in more hours it should tie you over until you have sorted any debts etc out. Maybe trying to get a job for the hours you DONT WORK will help as well (weekends, evenings)- this is tiring but just do it until it has sorted out out a bit. Remember though, that money problems don't sort themselves out over night, ts take weeks or months - so just keep at it - it wont be forever. Don't be afraid to ask to borrow some money of close friends and family - but remember to tell them that you don't know when you'll be able to pay them back, so they know the situation that you are in. Don't get down about money, yes it is very necessary to live, but you just gotta pull through! You'll do it! :o)
366873
If you hv an acute economic crisis, I think it's wise to take a recess from studies. Try to solve your economic problem. If you really want to learn and be successful in life, if you are really determined and believe that you can persevere whenever you want to, then it won't be any problem for you to begin your study again after sometime. Do not entirely cut yourself from studies, but keep in touch with it. You may not afford going to institutions, but studying is all yours. \n\n     Morever there are several institutions giving scholarships, why don't you sit in one of those exams, your luck may help? Then you'll get some financial aids from NGOs. Govt. scholarships are also 'vailable, search for them and if you get some, I m sure you can solve your economic problem even by studying hard!!!
512487
First, I would make sure you have at least 3 months salary saved up in the bank or in a money market fund for an emergency fund. Financial disasters like getting layed off or sick happen to all of us.\n\nSecond, I would pay off all high interest debt. Pay off everything you can except the house mortgage. Paying off debt is one of the best investments you can make. You will have more money in the future because you won't have credit card bills to pay.\n\nThird, if you have money left, start investing in stocks, bonds, and money market funds. You want to buy a diversified portfolio of stocks, as individual stocks are too risky. For most folks this means buying mutual funds. I like Vanguard.com, other people like Fidelity, TIAA-CREF, and DFA. Buy no-load, low cost funds. If you are like most people you will invest part of your money conservatively, in money market funds and bond funds, and part aggressively in stock funds. Vanguard.com has an on-line questionnaire which will give you an idea how aggressive you want to be. \n\nInvesting in a mutual fund IRA for retirement may give you an income tax break. Talk to your tax adviser. You may also be able to invest in a stock mutual fund via a 401K plan at work. \n\nTaking advice off someone you met over the Internet and know nothing about is risky. Read these websites for further information.
930365
try asking a friend and make sure you pay them back\nand then start working on taking care of your finacies properly so that so don't have to no more
306060
Actually "BriGuy" had a very good response for easy ways to make some money.\n\nUnfortunately, the problem is typically spending more than you earn in the first place.....or an unwillingness to work a second job (perhaps, even getting a first one?).\n\nIf you "can't catch up"...stop moving the mark (target).  Spend only on the absolute necessities (rent/mortgage, food, utilities, cook at home/eat out less, etc).  Then if there is any extra money...pay down the debt with the highest interest rate first (not the largest balance).  If there is no money left over...go find some...1st or 2nd job, whatever is necessary to "catch up".  More details would help.\n\nIf you just want money to "overspend" with and "take advantage" of people's good will.....I would suggest that people donate their funds to a "Feed the Children" type of charity that enables people to continue to live on some basic level (something like that).
651142
Open up a Collection Agency...\n\nThe whole world will hate you, though...
715505
Invest better.\n\nCoach
620694
First, I would make sure you have at least 3 months salary saved up in the bank or in a money market fund for an emergency fund. (Some people say 6 months.) Financial disasters like getting layed off or sick happen to all of us.\n\nSecond, I would pay off all high interest debt. Pay off everything you can except the house mortgage and student loans. Paying off debt is one of the best investments you can make. You will have more money in the future because you won't have credit card bills to pay.\n\nThird, if you have money left, start investing in stock and bond mutual funds.  I like Vanguard.com, other people like Fidelity, TIAA-CREF, and DFA. Buy no-load, low cost funds. If you are like most people you will invest part of your money conservatively, in money market funds and bond funds, and part aggressively in stock funds. Vanguard.com has an on-line questionnaire which will give you an idea how aggressive you want to be. They will explain what mutual funds to buy depending on your situation.\n\nInvesting in a mutual fund IRA for retirement may give you an income tax break. Talk to your tax adviser. You may also be able to invest in a stock mutual fund via a 401K plan at work.\n\nBelieving advice you get on Yahoo answers can be risky, so read these websites for further information. If you find it too confusing, contact a professional financial advisor. They will charge you significant commissions, however.
99055
That makes sense. I can not pay my bills, So I will Quit My Job???\nThe Best Idea Normally is Take Everything that you have and pay off everything that you OWE. \n\nStop Buying things. ANYTHING that does not Keep you alive.\n\nGo live somewhere cheap. Eat Cheap, Drink Cheap, Dress well enough to keep your Job. Get Another Job. Pay Off Your Bills instead of going out on the town.
471516
Money problem means debt, no doubt. The answer is to pay it off. Easy answer but hard, if not impossible, to do. There are several things you need to do to begin to take care of this problem.  First, you need a steady job. You need steady income. Next you need to save 10% of whatever you net and put it aside. No matter how little that is, do it. Be faithful to pay yourself this 10% and let it grow. That is your emergency money. Next you tackle those credit cards. Your emergency money is for when you have an emergency so you don't have to keep using your credit cards. You want to get out of credit card debt. Retire the easy to retire cards first. Then pay more than the minimum payment. The more you pay the better, but never forsake paying yourself the 10%. Next telephone. Get rid of your cell phones and cable tv or internet. If the temptation to talk long distance is doing you in, get rid of phone service. This is radical to get out of debt. Later you can have all these things when you can afford them, assuming you will want them after getting used to not having them. Make a budget and stick to it. Gas, food costs you x amount each month. Track your spending. Pretty soon you will know what you need to pay bills, buy food, buy gas, pay yourself 10% and how much debt to retire monthly. As you do these things, and you see progress, you will get excited. The biggest hurdle you will have to get over is your lack of desire. Do you really want to get out of debt or do you really want someone to bail you out? The truth is either  you get out of debt or you will stay there. It is your choice. I had a similar choice years ago. I did exactly what I am telling you to do. I had $8,000 in credit card debt, about to have my truck repossessed and I was ready to lose my house. Now I turned that around doing exactly what I  am telling you to do.  I promised myself that I would never spend like that again. That was a painful lesson but a lesson well learned. So, it is not the end of the world, you have some work to do.
1116198
If you owe more than what you can comfortably afford to pay out than you have a few alternatives.  One (which I do not recommend) is bankruptcy.  Two a part-time job.  Three credit helpers (which I also do not recommend).  Four call your creditors and explain your situation ask them if they have a hardship program and what do you need to do to get enrolled in it.  Than look at your smallest balance and sacrifice to pay it off as quickly as possible.  This will mean the money you used to spend on that bill can go to someone else.  if you keep doing this you will be surprised how quick you can get out of debt.  Think about what is your ultimate goal her and than go from there.  Make sure that whatever got you into this trouble in the first place is something you have conquered.  The last thing you want to do is struggle to get out of debt and find yourself right back in it because you haven't learned anything.
608970
I would love to tell you that everything will be alright. But you are in a very tuff situation. It sounds like the pinnacle of either some hard times or poor choices are catching up to you. The first thing is look to a mortgage loan BROKER, not a bank.. A broker is going to work with a greater number of banks and lenders that will be able to offer you a mortgage if there is one available to you. There are loans out there up to 125% of your homes value that can be utilized in a refinance. However loans that high are often offered only to good credit high FICO score borrowers. IF you have not had a lot of lates since the Bankruptcy you might be in luck, however if you have had lates since.. you are really not in a good position to refinance. Antoher option is somehting called a "Short Sale" this is an option that you may know about from all the mailers you are getting from real estate agents and or investors that saw your home listed in forclosure... It is where you find a seller to your home, and the offer is presented to the lender (your real estate agent can do this) and the lender agrees to "forgive" the loan to whatever amount and sell the home for less than you currently owe.\n\nLet me tell you as someone in finance and mortgages this is one of the best options to you. Whatever the situation and however you got there, you want to walk away in the best situation you can. You bought a home once, and can again but don't let it go all the way to forclosure waiting for something magical to happen because it usually does not.. Sel it using a short sale and walk away from it without a forclosure.. It does not sound like you have any equity to lose and if you walk away without a forclosure on your credit and without the debt of mortgage balance on a home you longer own you will be in a better spot.\nOnce that is done you and your husband can focus on getting back on your feet. Best of luck to you!
560902
Go to the bank or employ an adviser. We can harp on about what to do but the Bank is the first place. Bank of Scotland is the best at the moment if you are in the UK