I have always been awful at saving money, and when I realized I could get credit cards to supplement my move and fun stuff while working a basic customer service job and going to college, I got a little caught up in it. I started with one card and was managing it alright for a year with a $1500 limit, but then once I was having more money issues, I opened more cards. Over the past few years, I have opened the following with these current balances-
USAA- $1500 limit, currently at $1531.92
Chase- $5000 limit, currently at $5275.18
Capital One- $1000 limit, currently at $1080.26
AMEX- $1000 limit, currently at $1143.16
Amazon Store Card- $1000 limit, currently at $1027.86
PLUS I have about $14,500 in student loans that I have currently deferred until next June to give me time to catch up on other payments. I also have about $1300 in medical bills.
I moved home last month to be able to focus on paying off my debt and get out of the rising costs of rent/living in my previous city. However, staying at home is not a long term solution. I am looking for ideas on how I can use the next five/six months at home to pay off the biggest chunk I can of my debts. I honestly just don't know where to start. I sold my car so I knocked out that loan and insurance bill, but these monthly payments really add up and with moving home and starting a new job, I had a gap in paychecks and now am behind on every single bill.
Any advice is appreciated!! I know I definitely screwed up big time, and I am ready to make big changes and quit living above what I can afford. My family is bad about money too and I was not taught much about saving or money management, so I am playing catch up a bit now in my twenties.
EDIT: Forgot my income! I was making $1650/mo in my old location, $1200/mo currently.
Submitted September 18, 2017 at 07:26PM by downindebt http://ift.tt/2jCJfxQ
