Ask Jennifer: Budget, Bankruptcy Questions

(NECN) - Certified Financial Planner Jennifer Lane answers viewer questions.

Jan in Carlisle:
I currently have large debt between house, home equity, boat loan and credit cards. My husband also just lost his job. I'm looking to pay someone for a session on exploring whether I should file for bankruptcy or just stop paying on the boat loan and possibly renegotiate credit cards.
I need to understand my options. Who should I call?

Kevin in Boston:
My wife and I need a simple budget system. We want to use 10 categories (clothes, groceries, etc.) and give each category a dollar amount for that month. As we spend we enter the dollar amount spent, and it shows us what we have left to spend. The system needs to be online so we can view and edit on our separate laptops yet still have up to date information. Any suggestions?

If you have a question for Jennifer, you can contact her at Jennifer@www.necn.com. Be sure to include the town and state in which you live.

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