Results 1 to 15 of 21
Thread: What to do?
LinkBack URL
About LinkBacks-
12-11-2008, 10:36 AM #1Registered User
- Join Date
- Oct 2008
- Location
- N.E. Pennsylvania
- Posts
- 412
- Post Thanks / WTG / Hug
- Rep Power
- 6
What to do?
I have a neighbor who is in a bit of a dilemma. Her husband's pay has taken a bit of a shave in the last year, they have CC bills at an extremely high % rate and they owe her in-laws $7,000.
She's trying to decide whether or not her and her family should just forget about their financial obligations and go and enjoy themselves on vacation over the Christmas Holidays or use that money to pay down the debt that they owe.
I have to say, If it were us, we would feel morally obligated to pay down our debts first (especially to the in-laws) before we even thought about taking a vacation.
What would you advise her?
-
12-11-2008, 10:39 AM #2Registered User
- Join Date
- Aug 2008
- Location
- Norther Nevada USA
- Posts
- 763
- Post Thanks / WTG / Hug
- Blog Entries
- 28
- Rep Power
- 8
this may sound a bit harsh, but being the brutally honest person I am I would have to tell her, " Pay your bills!!! See if there are any who would defer a payment so you have a bit of cash for the holidays, but pay your bills!!!!"
Proud wife to Randy
Proud Mom of~Sam 23
Nick 18
Kevin 17
Courtney 16
Holly 13
Jacob 11
Maggie 1
Change Jar Challenge $45.12
Mommy's organized home challenge
Utility room
Pantry
Closet
Bedroom Bathroom
-
12-11-2008, 10:42 AM #3Rude and Vile Master
- Join Date
- May 2008
- Location
- Baltimore, Maryland
- Age
- 43
- Posts
- 8,243
- Post Thanks / WTG / Hug
- Rep Power
- 71
Avoiding a potentially unpleasant situation never makes that situation better.
It'll be much worse for her later if she doesn't do the right thing now.If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.
Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"
Greebo(Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!
ThreeTwo mortgages,twooneno car loans,oneno credit cards, and a partridge in pear tree!
-
12-11-2008, 11:07 AM #4Registered User
- Join Date
- Feb 2005
- Location
- near Portland, Oregon
- Age
- 41
- Posts
- 2,284
- Post Thanks / WTG / Hug
- Rep Power
- 19
I would tell her to pay her bills.
Beak-1996, Toad-1998, and Q-1998
-
12-11-2008, 11:10 AM #5Registered User
- Join Date
- Jan 2008
- Location
- New Hampshire
- Posts
- 193
- Post Thanks / WTG / Hug
- Rep Power
- 5
Be responsible and pay her bills! My BIL and SIL did exactly what this woman is proposing, and it has only widened the rift they have with my in-laws.
-
12-11-2008, 11:24 AM #6Registered User
- Join Date
- Oct 2008
- Location
- N.E. Pennsylvania
- Posts
- 412
- Post Thanks / WTG / Hug
- Rep Power
- 6
That's exactly what I think. Especially the Family Loan bit. If I lent money to a family member (even if I told them they could pay it back when they were caught up with their bills) I think I'd be Royally Pist if I found out they went on vacation prior to paying back such loan. It's all a matter of priorities and being morally responsible I feel.
Last edited by Gardengal18; 12-11-2008 at 11:28 AM.
-
12-11-2008, 03:21 PM #7Registered User
- Join Date
- Feb 2007
- Location
- Canada
- Posts
- 622
- Post Thanks / WTG / Hug
- Rep Power
- 7
Yep, she should pay her bills.
Carrie
-
12-11-2008, 03:27 PM #8Registered User
- Join Date
- Jun 2007
- Location
- Kenosha, Wisconsin
- Age
- 32
- Posts
- 1,392
- Post Thanks / WTG / Hug
- Rep Power
- 6
If someone owed me $7000 and went on a vacation i would be mad. so you know my answer.
-
12-11-2008, 03:27 PM #9Registered User
- Join Date
- Nov 2008
- Location
- Minnesota
- Posts
- 179
- Post Thanks / WTG / Hug
- Blog Entries
- 27
- Rep Power
- 4
There are so many ways for a family to enjoy themselves at the holidays without reneging on their obligations.
-
12-11-2008, 03:29 PM #10Master Dollar Stretcher
- Join Date
- Jul 2006
- Location
- Clovis NM
- Age
- 49
- Posts
- 2,002
- Post Thanks / WTG / Hug
- Blog Entries
- 57
- Rep Power
- 15
Yep, I'd be mad too if someone owed me $$ but went of vacation? She should pay her bills so she can take vacation later...guilt free.
-
12-11-2008, 03:45 PM #11Registered User
- Join Date
- Jan 2007
- Location
- Florida
- Posts
- 3,366
- Post Thanks / WTG / Hug
- Rep Power
- 22
what she said
Originally Posted by Penascodragonfly
-
12-12-2008, 06:48 AM #12
vacation is last on her list of obligations. Bills first.
-
12-12-2008, 06:55 AM #13Registered User
- Join Date
- Dec 2007
- Location
- DeKalb, IL
- Posts
- 1,957
- Post Thanks / WTG / Hug
- Blog Entries
- 108
- Rep Power
- 17
I agree with the peanut gallery. She should be paying her bills.
-
12-12-2008, 09:27 AM #14Registered User
- Join Date
- Apr 2008
- Location
- Michigan
- Posts
- 494
- Post Thanks / WTG / Hug
- Rep Power
- 6
She should be paying her bills before enjoying herself on vacation, escpecially the money owed to the family!
-
12-12-2008, 09:37 AM #15Registered User
- Join Date
- Dec 2008
- Posts
- 116
- Post Thanks / WTG / Hug
- Rep Power
- 4
Right - pay those bills.
And I have to say, why does having a good time during Christmas mean that they need to take a *vacation*?!?!? Good heavens. If they believe the holidays will not be fun without going away, that right there shows what type of thinking they have. There is so much they could do at home. And if they feel they absolutely must do something extra why not just take a day out with them and the kids and see a Christmas movie or something? That would be a good time and certainly wouldn't eat into the budget like a vacation would...
Reply With Quote
Bookmarks