What I'm craving? A little perspective.

I believe your personal finances are just that “Personal” and wouldn’t normally reach out for help, but it seems my problems are quickly getting out of hand.  I do, however, believe I’ve got a pretty good solution and wanted to run it by you to get your feedback.

My current income is $4,166 per month.  My total spending has been averaging about $6,159 per month.  I know that is quite a bit more going out than coming in, but I have very good credit and have been financing the difference on my credit cards (I currently owe approximately $348,000).  Unfortunately, I’m nearing my credit limit and need to make some decisions.

I’ve been working-over my boss to try and get a raise.  I’m asking for an extra $150 per month.  This, obviously, will go a long way to help solve the problem.

I’ve also been negotiating to increase my credit limit.  This is something I’ve done numerous times before without much resistance.  It’s proving to be a little more difficult this time, but I’ve assured them, if they just raise my credit limit this last time, I’ll start cutting back on my spending maybe some time next year.

So, while I believe I’ve got a pretty good handle on the situation, any feedback will be greatly appreciated.

Sincerely

F. E. Deralgov