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Question for the Money Doctors

Question submitted on Jun 30, 2013.


My husband passed away two years ago. He left me with no life insurance. Ever since then my truck broke down, my ac broke down, I''ve had a fire in my house, my roof leaks, I''ve gone through two cars on credit which got repossesed, my son totalled one car. I''ve had to let my credit cards go because I can''t afford them. I work 40 hours a week, but I can''t seem to get a head. What can I do?


I am very sorry to hear about your difficult circumstances. Your situation calls for both resilience and resourcefulness. Resourcefulness will involve finding out the programs you benefit from to ease your challenges. These depend on your state, county and city. Some areas are more helpful than others. I highly recommend contacting local social services and finding out about the assistance you qualify for. Next, see if private programs can help. For example Habitat for Humanity may connect you to people who can help with the roof leaks and fire repairs. If you belong to a faith community, inform them of your situation. Of course, inform your family too. The first step can be the hardest and that is asking. That brings up resilience. Resourcefulness involves finding out who to ask. Resilience involves asking over and over again. Be pro-active in maintaining your health and a positive outlook. Surround yourself with people who support your efforts. Your health and resilience are valuable assets which need to be managed. On the financial asset side, if your income does not cover your basic needs, you’ll have to increase your income (not always possible) or decrease your expenses. For example, you may want to seek housing assistance or move in with a relative. I truly hope your resilience and resourcefulness lead you way past current financial challenges.

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