Thanks for all the advice and support on this tuition dilemma. Many of you have talked about credit card boxes, but you still have to have the parents come in and make them use them. Parents who have maxed their cards or don't have the money to pay just will not come in the studio. They avoid me. I don't want to come off as a greedy bi^&%. Also I have checked into services that do your billing and they take about 10%. I am losing money now and work for free at the studio this would put me over the edge. My husband is upset as we have been so in debt to the studio and still have about $20,000 worth of debt not counting the $35,000 I borrowed against the house. He wants that paid off before I close the studio. He also hates the stress it puts me under every month. The anger and the frustration. He said next month at this time you will be hounding and worried about tuition the same as you are now. He is right, I am just dreading it. So this morning I am going to call every one that is late and insist on payment by Friday as next week their are no classes this gives them another week to stall Then I will send out another impassioned letter asking that tuition be paid on time as in December 1st. Hubby said it is time to get personal.
Putting the checking account balances at the top of the blog is the best and worst thing I have ever done to myself.
It is the best in that I know how bad the situation is and I won't let myself write until I have balanced. It just takes a few seconds. I wrote 2 checks in each account yesterday but it sure made the totals go up. Now I know where I stand and I can't pretend that there is money.
It is the worst in that I know how bad the situation is and I don't know how to get out of it. I know I will figure it out. Eventually money will come in but all this future money I had earmarked for debt, just does not exist or it is spent. I have to be realistic and that is harder than I thought.
I will be able to cover everything in the studio account. I know that. It is the personal account that is bleak right now. I have $120.00 in the shop and $180.00 to be picked up which is odd as usually people pick up a lot faster. I do have work that I can get done, but no way am I going to cover that mess and get to my daughters next week. Unless I have a miracle.
I need to go clean up and get to work on studio business and in the shop. I need to stop feeling sorry for myself. I did this. Now I have to figure out a way to undo it!
Have a great and productive day!