Help Me Escape Generational Poverty

Hello, my name is Chelsea and I'm fundraising for a contractors bill they sent me that was significantly over the estimate.

To make a long story short, up front. I signed a time and materials contract with a contractor to not only demolish the past contractors negligent mistakes and predatory offers to build my house but to rebuild the house to where it was before demolition.

He gave me an estimate in the beginning and it ended up being almost 2x the original estimate. The original estimate was $7,000, I paid $7128 2/3rds of the way through and the last part ended up being $6838 for the foundation alone. I didn't account for double the estimate and had I known it would be so expensive I would've waited until next year to responsibility save up the money.

I have $3750 of the $6838. I'm asking for a little bit more than the needed $3088 because I'm literally giving everything I have. I don't want to go further in debt by not asking for enough up front.

I don't have a savings, I grew up in poverty so my family is unable to help and I already have 2 jobs. Once the contractor is paid off I am going to wait until next year to finish building so I can have a reasonable amount to try and finish it. I am doing everything I can to avoid going into more debt and compounding this mess. I have a personal loan that was put towards this house, the construction loan and my bills I'm trying to balance.

This house was my way of trying to get out of my generational poverty. The lot was $60,000 dollars and 7,500 sq ft. I am not looking for extravagance, I'm not looking for anything more than necessity. The total loan amount at the end is $150,000 which is the cheapest method I could pencil out that I could realistically make the loan payment on. Where I could ever possibly own a house that's mine outright by the time I'm 60.

I was not expecting the first contractor to waste materials, time, ruin what they had put up, fail inspections, lie to us and take our money without actually doing the work. I am pursuing legal actions against them but it takes time and I won't see the result of that for months. It will also not equal the total loss of how much I've had to pay to demolish and rebuild what they ruined.

This is all done through a construction loan where we have to pay up front and essentially get reimburse after. I in no way have $150,000, I'm not rich by any stretch of the imagination. I have it better than some but not by much, I started living in my car since April and I'm trying everything I can to have enough money to finish this, refinance to consolidate debt and finally just make the payments.

This would literally change the course of my life to pay this contractor off and give myself the time and space to rethink and save up enough money to try and finish this.