I’m currently making $125,00 a year. My only notes besides credit cards are the house at $1,100 a month, now one car at $600 a month (was paying $530 for the Tahoe being sold), the credit cards, and monthly utilities, cable, and cell phones. My food bill is high cause I have a three year old and two teenage boys that eat twice as much as me. My main bill is Doctor bills for me and my wife, not counting insurance premiums for five that totals 19,000 a year (prior to the doctor bills). My current employer doesn’t offer health insurance.

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Posted by lynxcat

Member since Jan 2008

24252 posts

Posted on 2/25/24 at 7:32 pm to TIGERSby10

Have you considered finding a new employer? That $19K in after tax health insurance is brutal on your income.

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Posted by Drizzt

Cimmeria

Member since Aug 2013

12989 posts

Posted on 2/25/24 at 8:03 pm to TIGERSby10

No reason you should be thinking about bankruptcy. Get on a budget and cut where you can. Also wife can do some work from home even with back issue. You should be able to do this. Good luck.

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Posted by deltaland

Member since Mar 2011

91197 posts

Posted on 2/28/24 at 7:17 pm to TIGERSby10

quote:
My food bill is high cause I have a three year old and two teenage boys that eat twice as much as me. My main bill is Doctor bills for me and my wife, not counting insurance premiums for five that totals 19,000 a year

Any chance your wife could take a part time or full time desk job to help out? She has back issues, can she apply for SSDI benefits? Would your sons be willing to take a part time job to help out with groceries/bills?

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