I cant do this

hubby and I are moving out in 2 weeks 2 our own place which would be great but I just figured out we cant afford this at all with car repayments our car repayments just went up by $20 we have a 20k loan for 2 cars which we brought then I found out I was pregnate and lost my job so Im jobless with a carloan we are paying $245 per fortnight plus $260 a week for rent hubby only gets $1100 a fortnight we dont smoke or drink we dont have anything like that I have a credit card with our fridge on it but other then the cars and fridge we own everything else I cant do this Im so freaked out I just cant afford this what can I do? I just want to cry and cry and cry I wish someone would just give me the money for the loan then I would have no stress.... well less I just feel sick and my head is killing me I dont know what to do

hubby and I are moving out in 2 weeks 2 our own place which would be great but I just figured out we cant afford this at all with car repayments our car repayments just went up by $20 we have a 20k loan for 2 cars which we brought then I found out I was pregnate and lost my job so Im jobless with a carloan we are paying $245 per fortnight plus $260 a week for rent hubby only gets $1100 a fortnight we dont smoke or drink we dont have anything like that I have a credit card with our fridge on it but other then the cars and fridge we own everything else I cant do this Im so freaked out I just cant afford this what can I do? I just want to cry and cry and cry I wish someone would just give me the money for the loan then I would have no stress.... well less I just feel sick and my head is killing me I dont know what to do

It is leaving it too tight but don't panic. There is always something you can do and my advice is don't ask someone to bail you out. You will feel better if you can sort this out for yourself. Can you refinance and pay the loan off over a longer period? Do you really need two cars if you are going to be off work with bub for a while? Can you take your DP to work or can you use public transport? Can you get cheaper cars? Sell one car and get DP a motorcycle? Something will have to give. Once baby comes you will be entitled to FTB and the baby bonus so have a talk with Centrelink to see what you will be getting. You may be able to make things work if you can hold off until then. I think you should find a financial councellor (lifeline have free services) to help you work out what is best for you. You don't want to start your new life with this over your head as it will only add stress at what should be a great time in your life.

Good luck and try not to stress. You will find a way to work it out. Just don't get into further debt or bury your head in the sand about it.

Sell one of your cars and refinance your loans. You could try a company like "my budget" to help you work out your financial situation. Good luck smile

hubby wont let me sell my car and he cant sell his cos he needs it for work as for public transport it will cost more a week for him to go in via train and about 2 hours more commute time it would be a bit different if we wernt moving so far from family and friends, hubby suggested his friend move in with us but I dont know if I could handle it I just had a massive cry cos it looks like we will have 2 stay at my parents a bit longer

Well if it's come to this - you hitting the wall and crying and stressing - then it's not a matter of what hubby will and won't let you do, it's a matter of communicating strongly to him that you both need to do something to sort this financial mess out.

Bottom line is you are spending more than you earn. Quite frankly, all your woes are solved if you liquidate one or both of the cars and get a cheaper one. If you really, really, absolutely can't do without a car, surely you can sell one of your cars and downgrade it. A $2,000 car will still get you to work and odds on it'll be cheaper to run. Other than that you should be sweet as you say you have no further debts.

Having a friend to move in with you while pregnant is not a wise move. Especially when your rent isn't that exhorbitant.

Stressing over car payments? I'd be telling my hubby quick smart what I'd be doing and that'd be downsizing the cars and getting rid of that loan.

Well if it's come to this - you hitting the wall and crying and stressing - then it's not a matter of what hubby will and won't let you do, it's a matter of communicating strongly to him that you both need to do something to sort this financial mess out.

Bottom line is you are spending more than you earn. Quite frankly, all your woes are solved if you liquidate one or both of the cars and get a cheaper one. If you really, really, absolutely can't do without a car, surely you can sell one of your cars and downgrade it. A $2,000 car will still get you to work and odds on it'll be cheaper to run. Other than that you should be sweet as you say you have no further debts.

Stressing over car payments? I'd be telling my hubby quick smart what I'd be doing and that'd be downsizing the cars and getting rid of that loan.

tottally agree.

What kind of car loan is it? I'm just wondering why the repayments have gone up? The only car loans I have ever had were personal loans and the interest rate stays fixed for the term of the loan? So maybe it's the type of loan you have, you could find a cheaper one.

ok heres what I would do- first I would get rid of one car or down grade both.
pay 1100
rent 520
car 245 = 335
(all per fortnight)
food- 150
power -70
phone 50
petrol -40
incidentals -25
It would make it super super tight but do able.
I would probably stay where you are until maybe a month before due date and just save like mad until then.

Have you checked if you are entitled to any centrelink payments? If you were to take up some study you may find you are entitled without having to be looking for work. Theres a heap of online courses you can do. Theres always course fees but I was able to do the help/hex arrangement. Just an idea anyways. Try not to stress, you will work it out whether it be downgrading a car or post poning moving out you will be right. All the best xx

Well if it's come to this - you hitting the wall and crying and stressing - then it's not a matter of what hubby will and won't let you do, it's a matter of communicating strongly to him that you both need to do something to sort this financial mess out.

Bottom line is you are spending more than you earn. Quite frankly, all your woes are solved if you liquidate one or both of the cars and get a cheaper one. If you really, really, absolutely can't do without a car, surely you can sell one of your cars and downgrade it. A $2,000 car will still get you to work and odds on it'll be cheaper to run. Other than that you should be sweet as you say you have no further debts.

Having a friend to move in with you while pregnant is not a wise move. Especially when your rent isn't that exhorbitant.

Stressing over car payments? I'd be telling my hubby quick smart what I'd be doing and that'd be downsizing the cars and getting rid of that loan.

I totally agree..... this is wat americans were doing that lead to the financial breakdown and also affected us.... be smart and stand up for ur family to survive dont just cry be strong and take charge it needs to be done by u otherwise ull loose alot more and that would be much worse ..... pick urself up, look for replacement cars and use the remainder on repayments and paying ur bills off and next time plan alot more than u did dont be as silly over borrowing!

ok fair enough but when we got the cars we had 2 jobs between us so then we were fine then I feel pregs I went to centrelink 2day they said they will help hubby told work he needs more money they have made him second in charge and getting him management training next month then his pay will thankfully go up! when bubs is born my pay goes up on centrelink apparently if I get it this week I will go from $180 per fortnight - $450 with the baby as parenting payments even with hubbys raise thank goodness so thats rent done basically! we are contacting my budget 2night when hubby gets home. We would of been fine if I hadnt got the sack at 12 weeks preg now its just a matter of contacting all these people also hubby has next friday RDO and we will go to the banks in the morning seeing if we can get lower interest rates if my budget cant help us.
Sorry about last night I had a massive stress out couldnt think of what to do and needed to just get it all out we should be ok now things will be tight but Im use to that from the parents when they had little money at times I guess it just frustrates me that alot of people smoke and drink and still can do all this but o well we will be fine

Thats good to hear smile sometimes really helps to get it off your chest hey